Bank Feed - Charities Aid Foundation (CAF)
For Xero to expand their bank feed connections to develop a feed that supports Charities Aid Foundation (CAF)
Hi team, we appreciate the growing interest this idea's gaining and want you to know our product teams are very attuned to our customers desire for a bank feed for CAF bank.
We're continuing to work closely with our third party integrators to make more bank feeds available via open banking. A feed for CAF is high on our agenda, however we're reliant on third party integrators to support this integration in order for us to deliver this for you all.
I want to assure you we're pushing for it's integration, but we cannot commit or confirm a timeline for this work to be undertaken.
As soon as there's progress to share we'll happily provide further updates for you all.
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Caroline Sinclair
commented
We are a small food charity in Coventry and have used Xero for 6 years. It's such a nightmare to have to do everything manually from CAF, when the whole USP of Xero is supposed to be everything is simple and integrated.
Please help save our time as volunteers running tiny charities! -
DCBS Admin
commented
I work for the Devon Cattle Breeders Society, a charity. A feed from Xero into CAF Bank would save time. I feel this should be a normal feature for all banks as we pay monthly subscription to Xero for a service that is not equal to all customers,
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Alan Chandler
commented
I'm the Treasurer of North London Chorus so we have peaks in our banking activity such as when members pay their subs or when we're making a lot of payments after a concert. Our day to day number of transactions is relatively low. It would be handy to have a feed but I'm so used to importing a bank statement into Xero on a daily basis I could do it in my sleep and it's not a major deal. Of course that's not going to be the view of everyone but just to give a spectrum of opinion.
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Bruce Elkington
commented
I attend a church which uses CAF Bank and I know they get a multitude of donations which have to be manually entered into their accounting system. Xero would save them so much time.
Please help.
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Colin Cross
commented
We have been waiting far too long for this bank feed from CAF Bank into Xero. Can you please urgently expedite this integration. Our charity year end is approaching at the end of March, and it looks as though I will have include a statement in our Annual Report to The Charity Commission that we are STILL unable to automate this activity!
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Steve Overton
commented
Thank you to everyone who has left comments, voted on this forum or contacted Xero. I am the Business Technology Programme Manager at CAF Bank and have been working on Open Banking for a few years now. Despite what some of you may have been told we are fully compliant with FCA regulations regarding interface requirements and have been since implementation deadline of Q4 2024. We are keen to onboard Xero and we’re ready whenever they are. Our developer portal. accessible from https://www.cafonline.org/home/caf-bank/current-account/open-banking is available for them to start testing. If you are speaking to Xero, please ask them to contact me on soverton@cafonline.org
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Deborah Davidson
commented
On Thursday last week someone posted this which suggests we are wasting time trying to get Xero to take action - CAF needs to change its interface and we should canvas them:
"...In the UK, Xero supports direct API connections provided via Open Banking. CAF Bank offers connection through Modified Customer Interface (MCI), which is less secure and convenient than a direct API connection.
The Financial Conduct Authority has proposed the mandatory use of API connections for banks and is planning to phase out MCI in the future.
Xero doesn't have any plans to connect to banks that use MCI, as their preference is to use a direct API connection as it provides additional security...."
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Phil Gooch
commented
Please could you expedite implementing a bank feed for CAF. I've just taken over as Treasurer for a local charity. I am an existing Xero customer with my company. I am planning on recommending Xero to the charity, but first we need a working bank feed for CAF.
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Daniel Helen
commented
This is getting silly now. It feels like Xero does not care. It is not fair that most corporate customers will benefit from bank feeds but many UK charities have to spend time manually importing data. Perhaps Xero should offer a discounted subscription to charities as compensation?
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Phil Hindle
commented
we use XERO for all our business and charity accounts, and find the manual process currently imposed is very bad for us, time consuming and costly. we love our other bank feed to XERO and hope that CAF can be added very soon.
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Deborah Burrows
commented
Come on Xero, help the charity sector! This would save us so much time.
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Andrew Chaplin
commented
As a charity we are considering switching to CAF bank, we would have to leave Xero for an alternative platform if we did this in order to maintain efficiencies.
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Tom Mitchell
commented
Wtih more than 25 CAF accounts across 6 Xero clients you can imagine that bank feeds will be exceptionally high on my efficiency agenda.
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Clive Mence
commented
Dear Jackie Turpin
Why don't you use QFX instead of Excel?
It works -
Gemma Cox
commented
This would save a huge amount of time and potential duplications constantly downloading and importing into Xero. Please, please, please, let this happen
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Sam Jones
commented
Another small charity here. Time is a precious resource and integration would save us so much time, and remove the errors that creep in from time to time as they would with any manual process.
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Jackie Turpin
commented
This would save us a huge amount of time and help us avoid some of the data formatting errors which creep in when we download from CAF Bank into Excel and then upload again into Xero.
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Jean Cape
commented
As a volunteer treasurer with a small charity it is vital to be able to easily upload bank feeds. The time it takes to add every transaction separately is an enormous waste of precious time
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Anne Anderson
commented
We've gone to another bank to reveive our income because of the time consuming manual download from CAF and upload to Xero process. Having this within the bank feeds like other banks would mean we could manage our funds in one bank rather than across 2, significantly reducing staff and volunteer time for our charity. please make this happen.
Just imagine how many charities would be positively impacted by this one integration for CAF bank. I would think this would be seem as part of Xero's corporate social responsibility! -
Neil Brent
commented
We are migrating our accounting to XERO and currently use the manual upload to send coded data, having a direct feed would make reconciliation more straightforward