About Plaid
Plaid is a developer platform that connects apps to users' bank accounts and financial data. Its products are offered as APIs, so a team can add bank linking, payments and checks without building each connection from scratch.
What it does
Plaid lets a user link a bank account to an app with their consent. Once connected, the app can verify account details, check balances, confirm the account holder's information and send or receive payments. Plaid also offers risk scoring for ACH payments, fraud and onboarding checks, and credit underwriting tools.
Key features
- Verify bank account and routing numbers
- Check real-time account balances
- Confirm account holder information
- Score ACH payments for risk
- Process bank transfers for payments and payouts
Who it's for
Plaid is built for developers and product teams at fintech companies, lenders, payment businesses and investment apps. Smaller teams can start with a single product, such as account verification, and add others later as their needs grow.
Pricing and good to know
Plaid sells its products through sales and self-serve plans, and the site has a pricing page. Quickstart guides, documentation and client libraries are published for developers. Bank connections depend on the user's bank and consent, and a live integration usually needs a compliance and security review before launch.
Highlights
- Verify bank account and routing numbers
- Check real-time account balances
- Confirm account holder information
- Score ACH payments for risk
- Process bank transfers for payments and payouts
