Plaid

Founded by Zachary Perret & William Hockey in 2013

Connect user bank accounts to your applications to verify balances and process payments

Pricing model

Free Tier, Paid

Rating

★ People love it

Time to value

Quick Setup (< 1 hour)

You can use Plaid to connect your users' bank accounts to your web or mobile applications. It lets you verify account details and balances in real time, authenticate identities, and process bank transfers directly. Developers use it to access financial transaction histories, calculate risk for loan underwriting, and detect fraudulent behavior during onboarding. The service connects with thousands of banks, credit unions, and financial institutions, making it easy to build finance tools, personal budgeting apps, and digital wallets without dealing with complex banking infrastructure directly.

What Plaid does

Retrieve bank account routing and account numbersFetch real-time available and current account balancesDownload categorized customer transaction historyVerify customer identities against trusted databasesInitiate bank account payouts and fund transfersAssess user creditworthiness using cash flow insightsConnect to over 12,000 financial institutions worldwideVerify bank account numbers and routing details instantlyCheck real-time account balances before initiating ACH transfersRetrieve clean, categorized historical transaction dataVerify customer identities with automated KYC document checksAnalyze borrower cash flow and income history for underwritingEvaluate transaction risk scores to detect fraud before moving funds