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Connecting your bank account is the fastest way to keep your financial records up to date. Once linked, Penzum fetches your transactions daily and turns them into income and expense records automatically — so your dashboard always reflects your real financial position without you having to enter anything by hand.
Bank account connection is a Navigator plan feature. If you are on a different plan and want to upgrade, visit your account settings.

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How the connection works

Penzum connects to your bank using the European Open Banking standard (PSD2). This is the same regulated framework used by major fintech apps across Europe.
Penzum connects with read-only access. It can see your transaction history and balance, but it cannot initiate payments, move money, or make any changes to your bank account — ever.

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Setting up your bank connection

1

Go to Settings → Connections

Click Settings in the left navigation, then select the Connections tab.
2

Click the Bank Account row

You will see a Bank Account entry in the connections list. Click it to begin the setup.
3

Select your bank

Choose your bank from the list of supported institutions. If you do not see your bank immediately, use the search box — the full list is available within the settings screen.
4

Approve access on your bank's interface

Penzum redirects you to your bank’s own secure login page. Follow your bank’s standard authentication steps (this may include a PIN, one-time code, or biometric confirmation depending on your bank). You are authorising read-only data sharing — your bank will show you exactly what is being shared before you confirm.
5

First import runs automatically

Once you approve access, Penzum immediately runs the first transaction import. Depending on your bank, this may include several weeks of transaction history. The import runs in the background — you will see your transactions appear in the Bank section within a few minutes.

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Supported banks

Penzum integrates with banks that support the European Open Banking standard. This covers the vast majority of Hungarian retail and business banks, as well as many international banks operating in Hungary.
The most up-to-date list of supported banks is always available inside the app at Settings → Connections. If your bank is not listed, check back after a future update — coverage expands regularly.

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Data security

Regulated connection

The Open Banking connection is subject to EU financial regulation (PSD2) and undergoes regular independent audits. The same legal framework governs all licensed Open Banking providers in Europe.

No stored credentials

Penzum never sees or stores your bank username, password, or PIN. Authentication always happens directly on your bank’s own interface — Penzum only receives the resulting transaction data.

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Disconnecting your bank account

You can remove the bank connection at any time — no lock-in.
1

Go to Settings → Connections

Click Settings in the left navigation, then open the Connections tab.
2

Disconnect the bank account

Click the Bank Account row and select Disconnect. Penzum revokes its access token immediately.
Disconnecting your bank stops future imports, but all transactions that were already imported remain in Penzum. Your historical records, categories, and reports are unaffected.