Plaid Supported Banks & Plaid Payments

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What is Plaid?

Plaid is a financial technology company that builds the infrastructure connecting applications to users' bank accounts. Founded in 2013 by Zach Perret and William Hockey, Plaid provides APIs that enable thousands of fintech applications to securely access financial data.

What is Plaid used for? In banking and fintech, Plaid is used for account linking, identity verification, balance checks, transaction history, and payment initiation. When you use apps like Venmo, Robinhood, Coinbase, or Chime, there's a good chance Plaid is working behind the scenes to connect your bank account. The company acts as a secure intermediary, allowing apps to verify account ownership, check balances, and access transaction history without ever seeing your bank login credentials.

Plaid supports over 12,000 financial institutions across the United States, Canada, United Kingdom, and Europe. In 2021, Plaid was valued at $13.4 billion, making it one of the most valuable private fintech companies globally.

Is Plaid Safe?

Yes, Plaid is considered safe and employs bank-level security measures to protect user data. Here's why security experts generally trust Plaid:

Encryption & Security Standards

256-bit AES encryption for data at rest
TLS encryption for data in transit
SOC 2 Type II certified
Regular third-party security audits and penetration testing

Regulatory Compliance

PSD2 compliant in Europe (licensed AISP/PISP)
Registered with FinCEN in the United States
GDPR compliant for European users
CCPA compliant for California residents

How Plaid Protects Your Credentials

When you enter your bank login through Plaid, your credentials are encrypted and never shared with the third-party app you're using. Plaid connects directly to your bank, authenticates your identity, and returns only the specific data the app requested (with your permission).

Consumer Protections

Plaid provides a consumer portal (my.plaid.com) where you can view all apps connected to your accounts and revoke access at any time. You maintain full control over your data.

Is it safe to give Plaid my bank login? Yes. When you enter your credentials in Plaid Link, they are encrypted and used only to establish a one-time connection with your bank. Plaid does not store your password after authentication. The app you're using receives only a secure token—never your login details.

How Does Plaid Work?

Plaid works by creating a secure bridge between your bank account and the apps you use. Here's the step-by-step process:

1. You Initiate a Connection

When you click "Connect Bank Account" in an app, you're presented with Plaid Link—a secure interface that handles the authentication process.

2. You Authenticate with Your Bank

You select your bank and enter your credentials directly in Plaid's secure environment. For banks that support it, Plaid uses OAuth, redirecting you to your bank's own login page.

3. Plaid Verifies Your Identity

Plaid connects to your bank's systems (via API or secure data access) and verifies your identity. Multi-factor authentication may be required.

4. Data is Securely Retrieved

Once authenticated, Plaid retrieves only the data types you've authorized—such as account numbers, balances, or transaction history.

5. Tokenized Access

The app receives a secure token, not your credentials. This token allows the app to request updated data through Plaid without you logging in again.

Plaid's Products

Auth: Verify account ownership and retrieve account/routing numbers
Transactions: Access categorized transaction history
Identity: Retrieve account holder information
Balance: Check real-time account balances
Investments: Access investment account data
Liabilities: Retrieve loan and credit card information

For a comprehensive technical guide on integrating with Plaid and other providers, see our [Open Banking API guide](/open-banking-api).

Apps and Products That Use Plaid

Many popular apps and services use Plaid to link your bank account. If an app asks you to "connect with Plaid" or shows the Plaid logo during sign-up, it uses Plaid for verification or data access. Plaid lists many of these on their [Discover apps](https://plaid.com/en-eu/discover-apps/) page.

Payment and money apps

Venmo – Uses Plaid to link your bank for transfers and instant verification; send and share payments with friends.
Cash App – Uses Plaid to connect your bank for adding cash and withdrawals.
Wise – Send money abroad quickly; uses Plaid for bank linking.
Metal – Send cash and crypto to friends; get rewarded; connects via Plaid.
WorldRemit – Transfer money to friends and family overseas in 150+ countries; Plaid powers account linking.
PayPal – Some PayPal flows use Plaid for bank linking and verification.

Note: Zelle is a separate peer-to-peer payment network run by banks and does not use Plaid. Apps that offer both Zelle and Plaid use Plaid for their own account-linking features, not for Zelle transfers.

Investing and crypto

Robinhood, Coinbase, Kraken – Use Plaid for bank linking and instant verification.
Acorns – Invest spare change and save for retirement; connects accounts via Plaid.
Betterment, Wealthfront – Use Plaid to connect accounts for funding and aggregation.
M1 Finance – Invest, borrow, and spend in one place; bank linking powered by Plaid.
Ellevest – Mission-driven investing; uses Plaid for account connectivity.
Oportun – Save, pay off debt, and reach financial goals; Plaid for linking.
Qapital – Save, spend, and invest; connects your accounts with Plaid.

Neobanks and banking apps

Chime – Grow savings automatically; Plaid for external account linking and transfers.
Varo – Online bank with no minimum balance; uses Plaid to connect accounts.
Current, Dave – Use Plaid for external account linking and transfers.
MoneyLion – Borrow, save, invest, and earn in one app; Plaid powers connections.
Brigit, Earnin, Cleo – Cash advance and budgeting apps; often use Plaid to verify income and account access.

Personal finance and budgeting

YNAB (You Need A Budget) – Budget from recent transactions; Plaid connects your bank.
Rocket Money – Find and cancel subscriptions, track spending; bank linking via Plaid.
Albert – Make confident money decisions; uses Plaid for account access.
Copilot – Personal finance and budgeting; connects with Plaid.

Business and accounting

QuickBooks, Xero, FreshBooks – Use Plaid (or alternatives like MX) for bank feeds.
Bill.com, Melio – Use Plaid for vendor and bank verification.
Wave – Money management for small business; Plaid for bank connectivity.
Bench – Online bookkeeping; connects to your business accounts via Plaid.
Expensify – Receipt tracking and expense management; Plaid for account linking.
Fundbox – Revolving credit for small businesses; uses Plaid for underwriting and verification.

Lending

SoFi – Lending, investing, and banking; Plaid links accounts for verification and funding.
Figure – Financial products to simplify your finances; Plaid for account data.
Petal – Credit for the modern world; uses Plaid to verify income and accounts.
Avant – Manage loans and credit; Plaid powers account linking for applications.

How to check if your app uses Plaid

When you tap "Connect Bank" or "Link Account," look for the Plaid name or logo on the connection screen. You can also see and manage all Plaid connections at [my.plaid.com](https://my.plaid.com). For more apps powered by Plaid, see [Plaid’s Discover apps](https://plaid.com/en-eu/discover-apps/).

For a historical list of apps that used Plaid (e.g. for the US class action settlement), the official [Plaid settlement site](https://www.plaidsettlement.com/search.php) lets you search by app name; a [Reddit community list](https://www.reddit.com/r/personalfinance/comments/sbqyau/us_list_of_all_appsservices_that_used_plaid_see/) also compiles the settlement list for easier browsing.

For a full list of banks that work with Plaid, see the [Plaid supported banks](#supported-banks) table above. For a dedicated page answering "what apps use Plaid," see [What apps use Plaid](/api-aggregators/plaid/apps).

What is the Plaid API?

The Plaid API is a set of developer interfaces that let applications securely connect to users' bank accounts, retrieve account and transaction data, verify identity, and initiate payments.

What is the Plaid API used for?

Auth – Verify account ownership and retrieve account and routing numbers (e.g. for ACH).
Transactions – Pull categorized transaction history for budgeting and analytics.
Identity – Retrieve account-holder information for KYC and verification.
Balance – Get real-time account balances.
Investments – Access investment and brokerage account data.
Liabilities – Retrieve loan and credit card data.

How to use the Plaid API

Developers integrate Plaid Link (the consumer-facing connection flow) and Plaid's backend APIs. After a user connects their bank through Link, your server uses the returned token to call Plaid's APIs for the data you need. Plaid provides SDKs for multiple languages and a [developer portal and documentation](https://plaid.com/docs) including sandbox environments.

Is Plaid an API? Plaid is a company and platform; the "Plaid API" refers to the HTTP APIs and SDKs they offer. For a technical overview of open banking APIs and how aggregators like Plaid fit in, see our [Open Banking API guide](/open-banking-api) and [financial account aggregation](/financial-account-aggregation) overview.

Plaid Pricing

Plaid operates on a B2B model—consumers don't pay to use Plaid when linking accounts. Businesses pay based on API usage.

For Consumers

Free. You'll never be charged for connecting your bank account through Plaid.

For Developers & Businesses

Plaid uses usage-based pricing. While exact costs aren't publicly listed, here's the general structure:

Pay-as-you-go: Per-API-call pricing for production use
Enterprise: Custom pricing for high-volume users

Typical Cost Ranges (based on industry reports):

Auth verification: $0.30 - $0.50 per verification
Transaction data: $0.10 - $0.30 per account/month
Identity verification: $1.00 - $2.00 per verification

Getting Started

Developers can sign up for free at plaid.com/docs and access sandbox environments to test integrations before going live.

Plaid Funding & Valuation

In February 2026, Plaid secured an $8 billion valuation in its latest funding round, according to [Bloomberg](https://www.bloomberg.com/news/articles/2026-02-26/fintech-plaid-nabs-8-billion-valuation-in-latest-funding-round). The round was structured to offer employees liquidity for their shares in the privately held company.

Funding History Context

Plaid had previously been valued at $13.4 billion in 2021 during a funding round that followed the blocked Visa acquisition. The company remains one of the US's largest financial technology firms, with broad connectivity across thousands of financial institutions.

Why Employee Liquidity Matters

Secondary rounds like this allow early employees and long-tenured staff to realize value from their equity without an IPO or acquisition. For Plaid, this signals investor confidence and helps retain talent at a key stage of growth.

Plaid Payments

Plaid payments refer to the payment and transfer capabilities that Plaid offers so apps can move money or enable pay-by-bank flows after a user connects their account.

What are Plaid payments used for?

Transfers (Plaid Transfer) – ACH transfers between a user's linked bank account and your application. Used for payouts, withdrawals, funding, and disbursements. Plaid handles account verification and bank linking; you initiate the transfer via Plaid's API.
Pay by Bank – In supported regions, Plaid can power payment initiation: the user pays directly from their bank at checkout instead of using a card. This is part of Plaid's expansion into payment initiation (PIS) alongside its core account-linking and data products.
Account verification for payments – Plaid Auth provides account and routing numbers so you can set up ACH debits or credits through your own processor; many payment and payroll apps use Plaid to verify accounts before moving money.

Are Plaid payments instant? ACH transfers via Plaid typically settle in 1–3 business days. Same-day ACH may be available depending on timing and your configuration. Pay-by-bank (payment initiation) flows can be real-time where supported by the bank and scheme.

Is Plaid payment safe? Yes. Plaid uses the same security and compliance standards for payments as for data: encryption, SOC 2, and regulatory compliance. Users authenticate with their bank; Plaid never sees or stores credentials after the initial link. For more detail, see [Is Plaid Safe?](#is-plaid-safe).

Who accepts Plaid payments? Thousands of apps use Plaid for transfers and account linking—including neobanks, lending platforms, payroll and gig economy apps, marketplaces, and fintechs. When an app lets you "pay with your bank" or "withdraw to your bank" after connecting via Plaid, that's Plaid payments in action.

For a broader overview of pay-by-bank and open banking payment initiation, see our [Payment Initiation Services (PIS) guide](/payment-initiation-services).

#Plaid Supported Banks (9,698)

Showing 100 of 9,698 banks tracked

View All 9,698 Banks

Name	APIs	View
Cardinal Credit Union	-	View
Mutual Credit Union	-	View
Soarion Credit Union	-	View
Stone Bank	-	View
167th TFR Credit Union	-	View
1Advisor	-	View
1BY by OneAZ Credit Union	-	View
1NB Bank	-	View
1Source Business Solutions	-	View
1st Advantage Bank	-	View
1st Advantage Federal Credit Union	-	View
1st Bank (Broadus, MT) - Personal	-	View
1st Bank in Hominy	-	View
1st Bank of Sea Isle City - Business	-	View
1st Bank of Sea Isle City - Personal	-	View
1st Bank of Wyoming	-	View
1st Bergen Federal Credit Union	-	View
1st Capital Bank (California) - Business	-	View
1st Capital Bank (California) - Personal	-	View
1st Century Bank - Express Banking - Personal	-	View
1st Century Bank - Online Banking Business	-	View
1st Colonial Community Bank	-	View
1st Community Bank	-	View
1st Community Bank (IL) - Personal	-	View
1st Community Colonial Bank - Mobile Banking	-	View
1st Community Credit Union	-	View
1st Cooperative Federal Credit Union	-	View
1st Gateway Credit Union	-	View
1st Global - MyStreetscape	-	View
1st Liberty Federal Credit Union	-	View
1st MidAmerica Credit Union	-	View
1st Mississippi Federal Credit Union	-	View
1st National Bank	-	View
1st National Bank of Scotia	-	View
1st Security Bank of Deer Lodge	-	View
1st Security Bank of Washington	-	View
1st Source Bank - BBO Treasury	-	View
1st Source Bank - Personal Online Banking	-	View
1st Source Bank - Retirement Plan Services	-	View
1st State Bank	-	View
1st State Bank of Mason City	-	View
1st State Bank of Purdy	-	View
1st Street Credit Union	-	View
1st Summit Bank	-	View
1st Trust Bank	-	View
1st United Bank (MN) - Personal	-	View
1st United Services Credit Union	-	View
1st University CU	-	View
1st Valley Credit Union	-	View
2 Rivers Area Credit Union	-	View
21st Century Bank	-	View
22nd State Bank - Consumer/Small Business	-	View
360 Federal Credit Union	-	View
42 North Private - Online Banking	-	View
44 North Credit Union	-	View
49er FCU - Investments	-	View
4Front Credit Union	-	View
4U CREDIT UNION	-	View
5 Point Credit Union	-	View
5 Star Bank	-	View
717 Credit Union	-	View
802 Credit Union	-	View
8th Bank of Northern Connecticut	-	View
A.R. SCHMEIDLER AND COMPANY	-	View
A&A Employer Services	-	View
A&S Federal Credit Union	-	View
A+ Federal Credit Union	-	View
AAA (Credit Card)	-	View
AAA Banking - Personal	-	View
AAA Credit Union	-	View
AAA Visa Signature Credit Card	-	View
AAAA Benefits - Retirement Plans	-	View
AAC Credit Union	-	View
AAEC Credit Union	-	View
AB&T National Bank	-	View
AB&W Emp. Credit Union	-	View
Abacus Federal Saving Bank	-	View
ABANCA	-	View
Abbeville First Bank - Business	-	View
Abbeville First Bank - Personal	-	View
Abbey Credit Union	-	View
Abbott Laboratories Employee Credit Union	-	View
Abby Bank - Business	-	View
Abby Bank - Personal	-	View
ABD Federal Credit Union	-	View
ABE Federal Credit Union	-	View
Abilene Teachers Federal Credit Union	-	View
Abington Bank	-	View
ableBanking	-	View
ABN Amro	6	View
ABNB Federal Credit Union	-	View
Abound Credit Union	-	View
Abri Credit Union	-	View
Academic Federal Credit Union	-	View
Academy Bank	-	View
Academy Sports + Outdoors Credit Card	-	View
Acadia FCU (Maine)	-	View
ACBA Federal Credit Union	-	View
Accentra Credit Union	-	View
Access Bank - Business	-	View

Browse All 9,698 Banks →

97 pages • 100 banks per page

Plaid FAQ

What is Plaid?

Plaid is a financial technology company that provides APIs enabling applications to connect with users' bank accounts. It acts as an intermediary between financial institutions and fintech apps, allowing secure access to bank data for services like payment initiation, account verification, and transaction history. Plaid supports over 12,000 financial institutions across the US, Canada, UK, and Europe.

What are Plaid payments?

Plaid payments are the payment and transfer capabilities Plaid offers after you connect your bank. They include Plaid Transfer (ACH transfers between your bank and an app for payouts, withdrawals, or funding), pay-by-bank (paying at checkout directly from your bank where supported), and account verification so apps can set up ACH. Thousands of apps use Plaid for transfers and pay-by-bank—including neobanks, lending platforms, and marketplaces.

Is Plaid safe to use?

Yes, Plaid is considered safe to use. The company employs bank-level security measures including 256-bit AES encryption, secure data storage, and regular security audits. Plaid is SOC 2 Type II certified and complies with financial regulations including PSD2 in Europe. Your bank credentials are encrypted and Plaid does not store your login information after the initial connection.

What banks does Plaid support?

Plaid supports over 12,000 financial institutions including major banks like Chase, Bank of America, Wells Fargo, Citibank, Capital One, and US Bank. It also supports credit unions, online banks like Chime and Ally, and international banks in Canada, UK, and Europe. You can search the full list of Plaid supported banks on this page.

How does Plaid work?

Plaid works by creating a secure connection between your bank account and the app you're using. When you link your bank through Plaid, you enter your banking credentials in Plaid's secure interface (not the third-party app). Plaid then verifies your identity with your bank and retrieves the requested data—like account balances or transaction history—which is shared with the app in a standardized format.

Does Plaid support my bank?

Plaid supports most major US banks and thousands of smaller institutions. To check if your bank is supported, search the bank coverage list above or try connecting your account through the app you're using. If your bank isn't listed, Plaid may still support it through manual account verification using micro-deposits.

What is a Plaid verification code?

A Plaid verification code is a security measure used during the bank linking process. When Plaid cannot verify your account instantly, it may send micro-deposits (small amounts under $1) to your bank account. The verification code consists of the amounts of these deposits, which you enter to confirm account ownership. This process typically takes 1-2 business days.

Is Plaid free to use?

For end users linking their bank accounts, Plaid is free—you won't be charged for connecting your bank to apps. However, businesses and developers pay Plaid for API access. Pricing varies based on usage and the specific products used (Identity, Transactions, Auth, etc.). Plaid offers a free tier for developers to test the API.

Can I remove Plaid access to my bank account?

Yes, you can revoke Plaid's access to your bank account at any time. Visit my.plaid.com to see all apps connected to your accounts and disconnect any you no longer use. You can also remove access directly through your bank's online portal by revoking third-party data sharing permissions, or by contacting Plaid support.

Does Fidelity use Plaid?

No, Fidelity does not use Plaid. Fidelity Investments has confirmed they do not utilize Plaid for account linking or data sharing. Fidelity works with security experts and regulators to implement their own secure methods for customer-directed account data sharing. If you're trying to connect your Fidelity account to a fintech app, you may need to use alternative linking methods or manual verification processes that don't rely on Plaid.

Which banks don't work with Plaid?

While Plaid supports over 12,000 financial institutions, some notable exclusions include Fidelity Investments (which has confirmed they don't use Plaid), certain credit unions with limited third-party integrations, and some smaller regional banks. If your bank or brokerage isn't supported, apps may offer alternative connection methods like manual account entry, micro-deposit verification, or direct integrations with other aggregators like MX, Yodlee, or Finicity.

Is it safe to give Plaid my bank login?

Yes. When you enter your bank credentials in Plaid Link, they are encrypted and used only to establish a one-time connection with your bank. Plaid does not store your password after authentication. The app you're using receives a secure token—not your login details—and can request only the data you've authorized. You can revoke access anytime at my.plaid.com.

Does Plaid sell your data?

Plaid does not sell your personal financial data to third parties for marketing or advertising. Their business model is B2B: they charge developers and companies for API access, not by selling user data. Plaid's privacy policy states they use data only to provide the services you've authorized (e.g. sharing balance or transaction data with the app you connected). You can review and manage your connections at my.plaid.com.

Does Venmo use Plaid?

Yes, Venmo uses Plaid to link your bank account for instant verification and transfers. When you add a bank account on Venmo, you may see the Plaid connection flow. Plaid allows Venmo to verify account ownership and initiate transfers without Venmo ever seeing your bank login credentials.

Does Cash App use Plaid?

Yes, Cash App uses Plaid to connect your bank account for adding cash and withdrawals. When you link a bank to Cash App, the connection is often powered by Plaid. You can manage Plaid-linked apps, including Cash App, at my.plaid.com.

Does PayPal use Plaid?

PayPal uses Plaid in some flows for bank linking and instant verification, particularly in the US. Not every PayPal bank connection uses Plaid—PayPal also has direct bank partnerships and other methods. If you see the Plaid name or logo during PayPal bank linking, that connection is powered by Plaid.

What apps use Plaid?

Thousands of apps use Plaid, including Venmo, Cash App, PayPal, Robinhood, Coinbase, Chime, Acorns, Betterment, Dave, Current, Varo, QuickBooks, and many budgeting, investing, and payment apps. When you tap 'Connect Bank' or 'Link Account' in an app and see Plaid's interface, that app uses Plaid. You can see all apps connected through Plaid at my.plaid.com.