Open Banking: How can I add bank accounts to Rauva?

This article explains how to connect your external bank accounts to Rauva using Open Banking, including setup steps, security information, and management features.

1. What is Open Banking and how does it work?
2. How to connect your bank accounts to Rauva
3. Managing your connected accounts
4. Security and data protection

What is Open Banking and how does it work?

Open Banking allows you to securely connect all your bank accounts in one central location within Rauva.

Key benefits for your business:

• View all account balances and transaction history in one place
• Categorize and add evidence to transactions from connected accounts
• Transfer money between accounts seamlessly
• Receive personalized financial insights based on your spending patterns

For Rauva business customers:

• Charged customers: Transaction data from connected accounts automatically flows to your Monthly Business Report
• Supercharged customers: All categorized information is shared with your connected accountants
• Use Rauva as your central financial hub for streamlined business management

How to connect your bank accounts to Rauva

You can connect external bank accounts through both the mobile app and desktop platform.

Mobile App steps:

1. Open your Rauva mobile app
2. Go to the Menu
3. Click on "Link new account"
4. Select your bank from the list
5. Follow the secure authentication process
6. You'll see a success message: "Your [bank name] account linked successfully"

Desktop steps:

1. Visit app.rauva.com
2. Log in to your account
3. Click on your name or company name (top right corner)
4. Select "Account connections"
5. Choose "Link new account"
6. Complete the connection process
7. You'll receive confirmation when successfully connected

Managing your connected accounts

Categorizing transactions:

• Select any transaction from a connected account
• Add categories and supporting documents the same way as regular Rauva transactions
• Use the transaction details screen to attach receipts and evidence

Adding supporting documents:

• Upload receipts and proof directly in the Rauva app
• Documents must be added through Rauva (they won't sync from your other banking apps)
• Evidence remains intact when you refresh connections

Disconnecting accounts:

1. Go to Menu → "Link account"
2. Select the account you want to remove
3. Click "Revoke access"
4. Confirm your choice

Security and data protection

Open Banking uses rigorous security measures to protect your financial data:

• End-to-end encryption: All connections are fully encrypted
• Secure authentication: Your login credentials are never stored by Rauva
• Bank-grade security: Same security standards as your bank's own systems
• Regulatory compliance: Fully compliant with PSD2 and Open Banking regulations

How your data is protected:

• Your banking credentials remain with your bank
• Rauva only receives transaction data, never login details
• You can revoke access at any time
• All data transmission uses industry-standard security protocols