Connect bank account via PSD2

What is this?

With Connect bank you link a Theatilo account via PSD2 to the corresponding bank account. After that Theatilo automatically fetches all bank transactions — daily, without you doing anything. That saves hours of manual entry per month and ensures complete bookkeeping.

PSD2 is the EU directive for open banking. It allows third-party providers like Theatilo, with your consent, to read bank transactions. Theatilo works with the regulated provider banksapi.io for this.

How to connect your bank account

1. First create the Theatilo account under Administration > Cashbook > Accounts > New account if not done yet.
2. Open the account in the detail view.
3. Click Edit and then Connect bank.
4. Choose your bank from the list or search by name/sort code.
5. Log in with your bank — either with online banking PIN or via app procedure (push-TAN, photoTAN, BestSign etc.).
6. Confirm access for Theatilo — usually a 90-day authorization, renewal needed after that.
7. Pick the correct IBAN if your bank shows multiple accounts.
8. Done. Theatilo immediately loads the last 90 days of transactions and starts daily synchronization.

What Theatilo may do — and what not

• Read: account transactions, balance, purpose, recipient/sender. Nothing more.
• Not possible: transfers, standing orders, changing account data, blocking cards.

You keep full control. You can revoke the authorization at any time via your bank's online banking or in Theatilo via Disconnect bank connection.

Permission

You need Create & edit transactions to establish a bank connection.

Tips

• Connect right after creating the account — that way everything runs automatically from day one.
• If your bank has multiple accounts, first create all Theatilo accounts and connect one after the other.
• Set a reminder 60 days after connecting — then you can renew in time before the 90-day deadline expires. Theatilo also reminds you automatically.
• In case of problems with the bank selection, try searching by sort code instead of bank name — some banks have multiple entries.