Plaid Technologies, Inc.
Open Banking (US) · United States & Canada. Full regulatory disclosures, consent model, and data handling.
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Plaid Technologies, Inc.
Open Banking (US) · CFPB Section 1033 / Plaid Exchange
- 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.
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
Transient (never persisted)
- Transaction history (amounts, dates, descriptions, categories)
- Account balances
- Account details
Transient data passes through an edge worker sync step spawned in the region closest to you. It is held only in memory and forwarded directly to your connected destination. It is never written to disk or a database.
No Secondary Use
Data accessed via Plaid is used solely to provide the sync service you have requested. BankSync does not sell, share, or use your banking data for any secondary purpose.
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 solely to provide the sync service you have requested. BankSync does not sell, share, or use your banking data for any secondary purpose.
- 4Financial data obtained via Plaid is processed transiently. It is not written to BankSync's persistent storage. Data passes through an edge worker sync step, spawned in the region closest to you, and is held only in temporary in-memory state before being forwarded to your connected destination.
- 5You may revoke Plaid access at any time via the Plaid Portal (my.plaid.com) or by disconnecting the bank from within BankSync.
Regulatory Resources
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