What is Plaid?
Plaid makes it easy to securely connect your bank to the apps you want to use
How it works
We connect to 11,000 financial institutions across the United States, Canada, and Europe. With Plaid, connecting your bank account is easy:
- Step 1
When you sign up with a Plaid-powered app, you’ll be able to select your financial institution from a list. Then, enter your login and password.
- Step 2
In a matter of seconds, we encrypt the data you’ve chosen to share (for instance, your account balance) and securely share it with the app you want to use. We never share your login and password with the app.
- Step 3
We work behind the scenes to build a secure, ongoing connection between the app and your bank.
Your data, your choice
With Plaid, you’re in control. You choose whom your data is shared with, for what purpose, and how long. Some of the most common information we help people share includes:
- Account and routing number
- Account balance
- Transaction history
- Personal loans and credit cards
- Investment holdings
- Identity information (to prevent fraud)
How Plaid makes money
When you connect your financial data to an app or service, they pay Plaid. For example, when you add a bank account to Square Cash, they pay us a fee.
Plaid is free for everyone who uses a Plaid-powered app, allowing you to securely connect your bank account to the apps you want in just a few seconds.
Build your financial life
Invest your spare change in the stock market
Subscribe to a service that will keep you from overdrafting
Consolidate your credit card debt so you never miss a payment
Determine the best strategy to pay back your student loans
Enhance a personal loan application with rent payment data
Automatically use your bank transactions to build a budget