Plaid
$1,000 in credits
Save up to $1,000
Finance & LegalConnect your app to users' bank accounts with the financial data API powering Venmo, Coinbase, and thousands of fintech products.
What you get
- $1,000 in Plaid API credits
- Bank account linking and verification
- Transaction data and categorization
- Identity verification
- Balance checks and income verification
Who can claim it
Fintech startup building with financial data
Questions
What does Plaid do?
Plaid connects your application to users' bank accounts through a secure API. Users authenticate with their bank through Plaid's Link UI, and your application receives access to account data — transactions, balances, identity, and account numbers — without handling bank credentials directly.
Is Plaid secure?
Yes. Plaid is SOC 2 Type II compliant, encrypts all data in transit and at rest, and never stores bank credentials. Users authenticate directly with their bank through Plaid's secure Link interface. Plaid undergoes regular security audits.
How much does Plaid cost?
Plaid charges per connected account and per API call. Production pricing starts at $0.50–$3.00 per connection depending on product. The $1,000 credit covers 330–2,000 account connections depending on product mix.
Can I use Plaid for payment initiation?
Yes. Plaid Auth retrieves account and routing numbers for ACH payment initiation. Plaid Transfer provides a complete ACH payment rail. For startups building payment features, Plaid provides the bank connection layer.
Does Plaid work with all US banks?
Plaid supports 12,000+ US financial institutions covering approximately 99% of US bank accounts. International coverage includes Canada, UK, and EU banks with growing support.
Is Plaid only for fintech companies?
Primarily, yes. Plaid is designed for applications that need bank account data — fintech, lending, personal finance, payments, and accounting. Non-fintech startups rarely need Plaid unless they process payments or verify financial data.