Is Plaid safe?

Yes. Plaid was built with security in mind, and uses a wide range of ways to keep customer financial data and information safe. In fact, it’s because of the extra layer of safety that many apps choose Plaid in the first place. Here are some of the ways Plaid keeps your personal information safe:

Why do banks use Plaid?

Banks and other financial service providers use Plaid to provide an extra layer of security for their customers when using financial apps. The services offered by Plaid are usually free for the consumer, as the financial service provider pays a fee to use Plaid in the first place. How does Plaid work?

How secure is Plaid's financial data?

As with most companies that transfer financial information, Plaid says it takes the security of its customers’ data very seriously. Plaid uses encryption protocols like the Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS) when transmitting financial data.

How does Plaid verify a bank account?

Plaid holds that information, and connects to your bank to verify it — like a middleman acting to ensure both sides are who they say they are. To complete this process you might need to complete a secondary verification step, like entering your account 2 factor authentication information, or completing Plaid’s own verification.