How to add and connect a bank account

Adding a bank account

Asora allows open banking connections to more than 10,000+ financial institutions globally. To add a bank account, follow the steps shown in the video below:

Connecting a bank account

We use two providers to connect bank accounts to Asora - Saltedge and Plaid. Between these, they cover a wide majority of banks across Europe, North America and Globally. Follow the steps below to connect a bank account:

1. On the left navigation menu, click on Connections
2. You will see all your bank and investment accounts under the Connections dashboard.
3. Accounts are categorized according to the following connection statuses:
   1. Unavailable: This means that there is currently no provider connection available between your bank and Asora.
   2. Pending: This means that there is a connection available, but your bank accounts have not been connected to Asora yet.
   3. Connected: This indicates that your account is successfully connected to Asora, and data via Saltedge/Plaid is updated on the platform until the previous day's close of business.
   4. Delayed: This means there is an active connection between your bank account and Asora, but the data has not been updated as of the previous day's close of business.
   5. Expired: In compliance with EU Regulations, bank accounts must be reconnected every three months. An expired status indicates that a bank account's connection status needs to be refreshed.
4. To connect your bank accounts, click on either the 'Pending' and 'Expired' tabs.
   
5. Click on the Connect icon (⚡) that appears in the Status column. This will then give you an option to choose a provider to establish the connection. You will be able to choose between Saltedge and Plaid.
6. Once a provider is chosen, you will be redirected to the provider's page to enter your bank details and connect the chosen account.
7. Once connected, your account will appear in the 'Connected' tab under Connections.