Xero and Plaid Join Forces to Strengthen US Bank Feed Connections
Xero’s new partnership with Plaid will triple access to high-quality bank feeds, transforming how small businesses manage financial data in the US.
Xero, the global platform for small businesses, has announced a major partnership with Plaid, a leading financial data network.
This partnership will triple the number of high-quality bank feeds available to Xero users across the United States.
Although many small businesses already use Xero, they often struggle with limited or unreliable connections to local banks and credit unions.
Now, thanks to Plaid’s vast network, Xero customers will soon enjoy over 1,000 secure, direct bank connections.
Why This Partnership Matters for Small Businesses
Across America, small businesses rely on clear, real-time financial data to manage their cash flow and plan ahead.
However, with thousands of local banks and credit unions, maintaining quality connections has always been a significant challenge.
Therefore, by partnering with Plaid, Xero is solving a big problem for many business owners, bookkeepers, and accountants.
With better data accuracy and reliability, users can make smarter decisions and save valuable time on financial tasks.
A Major Boost in Bank Feed Quality
Starting this year, Plaid will begin powering more of Xero’s US bank feed infrastructure through secure, direct API integrations.
These new OAuth connections use tokenized authentication, offering users greater safety, smoother performance, and fewer disruptions.
Eventually, Xero will migrate customers to these new feeds, ensuring ongoing access to high-quality bank feeds across financial institutions.
This includes a wide range of providers—from national banks to regional institutions and smaller community-focused credit unions.
Plaid and Xero: A Perfect Match
Adam Yoxtheimer, Plaid’s Head of Partnerships, shared his excitement about helping US small businesses grow through stronger data access.
“By combining our technology with Xero’s platform, we’re giving customers faster, more reliable access to financial data,” he said.
At the same time, Vikram Grover, Xero’s SVP of Global Partnerships, emphasized how this change will benefit every stakeholder involved.
He noted the improvements in speed, accuracy, and setup ease will create a smoother experience for all users—especially small businesses.
A Smooth Transition to Smarter Connections
Xero will offer clear setup instructions, ensuring users switch to the new feeds with confidence and without added stress.
Because of the phased rollout, users will receive updates gradually, starting in late 2025 and continuing into the next year.
Even better, the transition will not interrupt daily accounting workflows, as Xero plans to manage each step proactively.
The goal is to give users immediate access to high-quality bank feeds, so they can focus on growing their business.
Looking Ahead: A New Standard for Financial Connectivity
With this move, Xero and Plaid are setting a new standard for secure, scalable financial connectivity in the small business space.
As more businesses shift to digital-first tools, partnerships like this will define the future of fintech innovation and reliability.
By tripling access to high-quality bank feeds, Xero will become even more essential for small businesses navigating modern financial challenges.
For now, this collaboration promises faster integrations, smarter decisions, and stronger communities built on real-time financial clarity.
