The BankLink service electronically delivers bank transaction data from more than 100 participating banks and other financial institutions directly to the accountant. BankLink software is then used by the accountant to automatically code as many transactions as possible. The accountant can then find out from the client the nature of any uncoded transactions using one of BankLink's electronic reports including an online service. This coded data is then used to prepare management reports and various other reports used for tax compliance purposes.
BankLink started its business in 1986. It remains a privately owned business and is based in Auckland, New Zealand. The BankLink service is now used by more than 1,300 accounting practices in New Zealand and 3,400 in Australia. BankLink launched in the United Kingdom in 2011. In 2012 BankLink and MYOB announced a strategic partnership in which BankLink will provide bank data to be used in MYOB's accounting products. On 14 May 2013 it was announced that MYOB has agreed to buy the New Zealand and Australian business of BankLink effective June 2013.
Before its acquisition by MYOB, BankLink was the Principal Partner of Rowing New Zealand. This sponsorship has been taken over by Bankstream.