You can add a bank account to your MoneyPenny under “Banking” -> “Create account” button -> check ”I want to create a Bank Account”.
We integrated our banking features with FinAPI which is a premium ‘Banking as a Service’ platform provider.
FinAPI supports the PSD2 with its new release and provides secure input windows. You do not have to create your own account with FinAPI, the FinAPI account is created directly via MoneyPenny. More information about the FinAPI terms and conditions can be reviewed at https://www.finapi.io/en/datenschutz/.
1.1. Create your Bank-Account with FinAPI
Go to “Banking” and create a new account:
If you choose the FinAPI, you first want to create a Bank Account
Choose your preferred Bank Account:
Create the connection by clicking on the button:
Enter your Online banking-ID as well your Pin to receive your banking information:
After the successful login to your Bank Account, you can select your preferred account now. Click “Next” to set the final details:
Congratulation, you’re almost done! Here you can select the “Currency” and the date when the Bank entries should start:
2. Refresh FinAPI
To “refresh” your bank account to see the latest transactions, please start by clicking the “refresh finapi” button:
Enter your pin for your bank account:
You bank account will update now. This might take a while, depending on the latest transactions.
After the update, you can see the latest transactions.
Congratulation, you are all set! Enjoy!
Manual Bank Account
If you choose to create a “Manual” bank account:
on the next step, you should enter your bank information:
Then you can upload a CSV file with bank statements to import the data to this account. You can click “See a sample” to find out how these files should look like, or you can skip this step and upload CSV after account creation.
If you upload the CSV, then compare the MoneyPenny statement fields with the fields (columns) in the uploaded file:
Next, review the statements which will be imported and click “Done”.
All these statements will now appear in the “Unexplained transactions” tab.
If you want to upload more statements, click “Refresh” and choose the CSV files.
How to explain “unexplained transactions”
By default, all newly uploaded bank statements appear in the “Unexplained transactions” tab. For “upgrading” them to “explained” transactions, you can allocate any of the following options:
– “payment for an expense”, “Other out”, “Private” transaction or “Transfer” from one account to another (if it’s about outcoming funds) OR
– “Payment for an invoice”, “Other in”, “Private”, “Transfer” from one account to another (if it’s about incoming funds).