Plaid Technologies, Inc.

Open Banking (US) · United States & Canada. Full regulatory disclosures, consent model, and data handling.

“We partner with licensed providers so you always know exactly who is authorised to access your data and under what rules.”

- The BankSync Team

Penny's provider boundary

Plaid Technologies, Inc. may operate under its own terms, regulatory duties, security controls, AI settings, retention rules, and incident processes. BankSync protects data inside the BankSync Boundary, but independent provider acts and incidents sit outside that boundary unless caused by BankSync.

🇺🇸

Plaid Technologies, Inc.

Open Banking (US) · CFPB Section 1033 / Plaid Exchange

Live

CFPB: CFPB-registered data aggregator
Jurisdiction: United States
Registered Address: San Francisco, CA, USA
Website: plaid.com
External Dispute Resolution: Consumer Financial Protection Bureau (CFPB)

About this Provider

Plaid Technologies, Inc. is a CFPB-registered financial data aggregator operating under CFPB Section 1033 rules and bilateral data-sharing agreements with thousands of US and Canadian financial institutions. Plaid powers financial connectivity for thousands of apps globally.

BankSync's Relationship with this Provider

BankSync uses Plaid to facilitate bank connections for US and Canadian users. Plaid handles the authentication and data retrieval directly with your financial institution. BankSync does not store banking credentials.

This provider is an independent third-party service where it acts under its own terms, authorisation, regulatory role, account relationship, or legal obligations. BankSync is not responsible for that provider's independent compromise, breach, outage, use, disclosure, retention, deletion, product improvement, AI use, model training, sale, or sharing, except to the extent directly caused by BankSync's breach of its Terms, fraud, wilful misconduct, or a non-excludable legal obligation.

Consent & Access

How consent is collected

Consent is provided via Plaid Link, Plaid's hosted authentication flow. Your banking credentials go directly to your bank. BankSync never sees them.

How to revoke

You may revoke Plaid access at any time via the Plaid Portal (my.plaid.com) or by disconnecting the bank from within BankSync.

Data Handling

Stored by BankSync

Account metadata (institution name, account type)
Plaid item ID and access token (encrypted at rest)
Sync timestamps and audit log

Pass-through by default

Transaction history (amounts, dates, descriptions, categories)
Account balances
Account details

Pass-through data moves through an edge worker sync step spawned in the region closest to you and is forwarded to your connected destination. Data may be stored where you enable a BankSync-managed feature, such as future BankSync Tables, or where needed for support, security, compliance, backups, or legal requirements.

No Secondary Use

Data accessed via Plaid is used to provide the service you request. Within the BankSync Boundary, BankSync does not sell your banking data, use it for advertising or data brokerage, disclose identifiable banking data for another party's independent commercial exploitation, or use customer banking data to train AI or machine-learning models. Plaid and other independent providers may have their own terms and legal obligations.

Regulatory Disclosures

1US and Canadian bank connections are facilitated through Plaid Technologies, Inc., a CFPB-registered financial data aggregator operating under CFPB Section 1033 rules and bilateral data-sharing agreements with financial institutions.
2BankSync does not store banking credentials. Authentication is handled directly between Plaid and your financial institution using tokenised connections.
3Data accessed via Plaid is used to provide the service you request. Within the BankSync Boundary, BankSync does not sell your banking data, use it for advertising or data brokerage, disclose identifiable banking data for another party's independent commercial exploitation, or use customer banking data to train AI or machine-learning models.
4Financial data obtained via Plaid is pass-through by default. It is stored only where you enable a BankSync-managed feature that requires storage, such as future BankSync Tables, or where needed for support, security, compliance, backups, or legal requirements.
5You may revoke Plaid access at any time via the Plaid Portal (my.plaid.com) or by disconnecting the bank from within BankSync.