Banking

Make bank onboarding easy and fast

Or,

The Problem

Opening a new bank account today often requires manually verifying 2 small micro-deposits. This process can take 2-3 days and is prone to user input errors, which can result in lost customers for your bank.

The solution

Plaid allows users to link their bank account securely, in a matter of seconds, using their login credentials. By integrating with Plaid, customers can be up and running with your banking products on the same day. This can mean more active and engaged users for your bank.

15%

Since partnering with Plaid, Varo’s success rate for linking customer bank accounts has improved by 15%.
Read the full customer case study
Products and benefits


Faster account opening and account funding

Auth retrieves account and routing information instantly when users connect their account using login credentials. Plaid works with any ACH processor, including Stripe and Dwolla, to enable fast and frictionless account funding

Seamless user experience

Balance instantly checks whether users have the funds to make a successful payment. Increase your account funding rate with a seamless balance check

Reduce fraudulent sign-ups

Identity confirms users' identities with what's on file at the bank: their name, phone number, address, and email

Verify income and employment

Income allows users to quickly verify their income and employment in their preferred manner.

How It Works

Integrate with Plaid

It takes just a few lines of code to drop our front-end module into your app or digital service. Your users will be prompted to connect their bank account, which will launch the Plaid module.

Integrate with Plaid
How It Works

Customize for conversion

Customize the module to fit your brand or user preferences, including which financial institutions show up first.

On average, it takes users 11.5 seconds to open the module, find their bank, and input their bank username and password to connect their accounts.

Customize for conversion
How It Works

Get user-permissioned bank data

Once a user has connected their account, we do the work and return relevant bank account data permissioned by the user.

Get user-permissioned bank data

Questions about how Plaid can fit into your business?

Our Sales team can help you find the right solution. Fill out the form and we’ll get in touch shortly.

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    This form goes to our sales team. If you’re having trouble connecting your financial accounts to an app, we recommend that you start by contacting the app.