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MYLEDGERBank feeds & open banking

Consent expiry clean-up

Data from revoked or expired bank data consents is purged automatically.

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The problem it solves

Keeping data after consent ends breaches Consumer Data Right retention obligations.

How it works

  1. Consent is revoked or expires.
  2. MYLEDGER detects it on its regular check.
  3. The data is purged.

What your practice gets

  • Retention obligations supported.
  • Automatic.
  • Nothing to remember.

Questions accountants ask

Is it automatic?

Yes.

Which data is purged?

Data from consents that are revoked or expired, according to the client's election.

Can I keep imported ledger lines?

Your obligations depend on the client's election; seek advice where needed.

Features that work alongside consent expiry clean-up.

Data deletion choice when consent ends

Record whether the client wants their shared bank data deleted or kept when consent ends, and carry out the deletion.

Daily open banking retention check

Consumer Data Right retention clean-up runs with the daily open banking refresh.

Open banking sync

List the bank accounts a client has consented to share and sync their transactions, with progress shown as it runs.

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Import bank feed transactions

Import synced bank transactions into the client's ledger, skipping ones already imported.

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Client bank data consent

Send the client a consent link or email so they can authorise bank data sharing themselves.

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Open banking account assignment

Assign each shared bank account to a client and a ledger account, in bulk if needed, and turn on automatic import.

See it working in your practice.

Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.

14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.

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