So you’re ready to connect your bank accounts? The Cashflow Setup is a 6-step wizard designed to get your “money story” up to date in minutes.
Before you start
- Have your online banking login details ready.
- Decide which accounts you want to track (e.g., daily spending, savings, credit cards).
The 6-Step Setup Process
1. Connect bank feeds
We use secure, read-only Open Banking APIs to connect to your accounts.
- Click Connect bank feeds to choose your financial institution.
- You’ll be redirected to a secure portal to authorise access.
- Note: Rask never sees your login credentials and cannot move your money.
2. Run your first sync
Once connected, Rask needs to pull your historical data.
- Click Sync now to import up to 12 months of transactions.
- This might take a minute or two depending on the volume of data.
3. Create a starter rule
Rules help Rask automatically categorise your spending.
- Choose a common merchant (like “Coles” or “Woolworths”).
- Select the appropriate category (e.g., “Groceries”).
- Rask will apply this rule to all future transactions from that merchant.
4. Create a starter budget
A budget gives your money a purpose.
- Pick one category you want to track closely (e.g., “Dining Out”).
- Set a monthly dollar target.
- You can add more detailed budgets later in the main dashboard.
5. Detect recurring
Rask can automatically identify your regular bills and income.
- Click Detect recurring to let our engine scan your history.
- This helps you see upcoming commitments and avoid “subscription creep.”
6. Review uncategorised
The final step is tidying up.
- Click Review now to see any transactions Rask couldn’t automatically identify.
- Assigning a category to these remaining items ensures your charts and insights are 100% accurate.
Troubleshooting
- Bank not listed: We support most major Australian banks. If yours isn’t there, we’re likely working on it.
- Sync errors: If a sync fails, wait 5 minutes and try again. Sometimes bank APIs have temporary downtime.
- Wrong account: You can manage and disconnect individual accounts at any time from the Cashflow dashboard.