Solo is transitioning to official open banking bank feeds for connecting your bank account.
If you currently have an older “classic” bank connection, you may have noticed a prompt asking you to reconnect your bank account. Step-by-step instructions for migrating your old account to open banking are available here.
Classic connections for ASB, BNZ and ANZ will no longer receive new transactions after 31 March 2026.
We understand that changes like this can raise questions, so here’s a quick explanation of what open banking is, why the change is happening, and what it means for you.
What is open banking?
Open banking is a secure, regulated way to connect your bank account to apps like Solo.
In the past, some bank connections worked by using your internet banking username and password to securely retrieve transaction data. Open banking replaces this with a direct encrypted connection between your bank and and the apps you choose to authorise.
This means:
You log in directly with your bank
Your bank login details stay with your bank
Solo only receives the transaction data you approve
You can also revoke access at any time directly through your bank.
Open banking is part of a broader initiative in New Zealand to give customers more control over how their financial data is shared.
What changes for you?
When reconnecting your bank account:
Solo will redirect you to your bank’s secure login page.
You log in directly with your bank.
Your bank asks you to approve Solo’s access.
Once approved, your transactions will start flowing into Solo again.
The switch usually takes less than two minutes.
After reconnecting, your bank feed will continue working just like before — automatically importing transactions for you to categorise.
Supported banks
As of 2026, Solo supports open banking connections for:
ASB
ANZ
BNZ
We expect Westpac to be available in the next few months and Kiwibank to release open banking support in late 2026 or early 2027, with other banks expected to follow during 2027.
Why open banking is better
Stronger security - Your bank login details never pass through or get stored by Solo. Authentication is handled entirely by your bank.
More reliable bank feeds - Older connections could break if a bank changed their website. Open banking uses official bank APIs, which are designed specifically for secure data sharing.
You stay in control - You can view and revoke access to Solo directly from your bank’s app or internet banking.
More consistent updates - Open banking connections typically provide faster and more stable transaction updates, helping keep your records up to date.
Your privacy
Nothing changes about how Solo handles your data.
Solo only accesses your transaction information to help you manage your business finances. We do not store your bank credentials, and we never sell your data.
Open banking simply provides a more secure and modern way to deliver the same bank feed experience.
Need Help?
If you have any questions about reconnecting your bank account, please contact us via the in-app chat and we’ll be happy to help.