British lender Lloyds Bank has signed an agreement with Intuit to allow QuickBooks customers in the UK to automatically import transactions from their Lloyds Bank accounts.

The service, delivered without any extra charge to QuickBooks customers, aims to help customers save time and reduce data-entry errors by automating the information transfer process.

Intuit currently has bank feed deals with three of the top four British retail banks. In January 2017, Intuit also signed a data-exchange agreement with US banking group JPMorgan Chase, followed by a similar agreement with US lender Wells Fargo the next month.

Intuit Europe vice president and managing director Dominic Allon said: “We are thrilled to reach this agreement with this top tier financial institution so that millions of customers can benefit from access to the financial data and take more control of their financial lives. We encourage more financial institutions and technology companies to work together to achieve this same goal.”

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