Settings and activity
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7 votes
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Adam Tarrant
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8 votesAdam Tarrant
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18 votes
Hi everyone, we have some updates in the UK with the bill payments method with Crezco. You now have more control of your cashflows with the ability to schedule bills to be paid at a future date using direct bank transfer. This helps to avoid potential bank charges for same day transactions, and missing due dates. Along with this you'll also be able to stay up to date with your payments with real-time payment status in Xero. Meaning you don't have to log into your bank to check the status of each bill payment. With an overview of all payments made using direct bank transfer, you have an accurate record of which suppliers have been paid, and when.
We know there are users from others regions also interested in the idea here and we'll share if there are any updates for expanding similar functionality in other places.
An error occurred while saving the comment Adam Tarrant
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Adam Tarrant
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An error occurred while saving the comment Adam Tarrant
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This is a critical feature.....banks charge extortionate fees for same day payments so using the direct transfer feature is currently unviable. Crezco offers scheduled payments as part of its open banking so not sure why it's not possible in Xero.
Scheduled payments is a vital part of business banking surely?!
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3 votesAdam Tarrant
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1 voteAdam Tarrant
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5 votesAdam Tarrant
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Hi Matthew, stumbled across your suggestion.....in exactly the same boat! We ended up removing the integration and manually adding overtime....frustrating!