You can use the Plaid Portal (https://my.plaid.com) to view what types of data are being shared, to revoke access (to both the apps and Plaid) and delete data stored in Plaid’s systems. You can also put a data deletion request through support.
I have tried to login to this site, registered my phone number, and it says it can't find any accounts of mine. yet I know YNAB uses plaid as its backend, and has links to my banks, credit card companies, and even my mortgage.
Is this a bug, or are those of use that use certain 3rd parties not able to see our data?
Would love to help with this. YNAB hasn't always been a Plaid customer, so it might have been a historical connection -- either way, please contact our support team to help you figure this out ASAP https://my.plaid.com/help
I did this recently (well not all my data, but one bank account). I had to go through customer support, and they had some trouble with it but eventually figured it out.
I'm not a fan of Plaid. The core concept is great, but training users to enter credentials (much less banking credentials) into third-party sites is nuts. Nowadays, it would be easy for someone to pivot from a compromise of a random company's web server to impersonating Plaid and pwning most of their customers' bank accounts.
This would be trivial to fix by deprecating their current UI and switching to a small popup or redirecting to a different URL.
If you change your bank credentials, at least your current data is safe. You mean how to delete the data they scraped?
The conversation revolves around Plaid, a financial services company that provides a platform for users to link their bank accounts to various applications. The users express concerns about data security, the ability to delete their information from Plaid's systems, and the safety of their financial data.
Plaid's CTO addressed queries about data deletion and access control, providing a link to the Plaid Portal for users to manage their shared data and initiate deletion requests. The CTO also clarified that Plaid doesn't sell user data and suggested contacting support for specific issues.
There's a mention of a user's experience trying to access the Plaid Portal without success and concerns about their data linked to third-party applications like YNAB (You Need a Budget). The CTO encouraged reaching out to support for assistance, hinting that historical connections might affect data visibility.
One commenter questioned the accessibility of consumer data by Plaid's customers for free, implying the potential value of such data. Another user compared Plaid's settlement in a lawsuit to Yodlee's practices of allegedly selling customer data, hinting at the differences in visibility and customer base between the two companies.
Additionally, there's criticism about Plaid's security practices, with suggestions to revamp the authentication process to mitigate risks associated with entering sensitive information on third-party sites.
The conversation threads involve concerns about data security, access control, data deletion processes, historical data connections with third-party services, comparisons between different financial service providers' practices, and suggestions for enhancing security measures in handling sensitive financial information.
As for the article's concepts covered:
Plaid: A financial services company enabling users to link bank accounts to various applications.
Data deletion and access control: Users inquire about removing their data from Plaid's systems and controlling access to shared data.
Third-party data access: Concerns arise about visibility and access to user data linked through third-party applications.
Data selling and legal issues: Questions about Plaid's practices regarding selling user data and comparisons to other companies like Yodlee in legal matters.
Security concerns: Critiques regarding Plaid's authentication process and suggestions for enhancing security measures.
Understanding these concepts allows for a comprehensive grasp of the concerns raised regarding data privacy, security practices, and user control within the context of financial data handling by companies like Plaid.
You can delete financial accounts you've connected using Plaid
Plaid
When you connect your financial data to an app or service, they pay Plaid. For example, when you add a bank account to Square Cash, they pay us a fee. Plaid is free for everyone who uses a Plaid-powered app, allowing you to securely connect your bank account to the apps you want in just a few seconds.
through Plaid Portal at any time. This will delete this data from Plaid's systems and prevent any connected apps from accessing any additional data via Plaid for these accounts going forward.
Create a Plaid Portal account to view and delete your saved data from Plaid's systems. Submit a request via our Privacy Request Form, which can be used to submit a request to exercise your data protection rights, regardless of where you live.
Plaid uses the highest levels of security possible to keep your information safe. When you link your checking account with a financial application through Plaid, the company instantly encrypts sensitive data and shares it with the application using a secure connection.
To reset your password, log in to the Plaid Dashboard, then access the Personal Security page, which contains a password reset screen. If you ever forget your password to your Plaid Dashboard account, use the Password reset button on the login page to reset your password.
How do I unlink a Wells Fargo account? Note: Wells Fargo enables managing a single Plaid connection for all Plaid integrations so removing Plaid authorization at https://www.wellsfargo.com/ will remove it for all apps you've connected with Plaid.
When on the Banking page, look for the bank account you are trying to disconnect and click the three dots on the right of the line item. Select Disconnect Bank.
We collect the data to power the services you've chosen and, when requested, securely share it with the app you're using and establish a secure connection that you control. We only share personal financial information with a consumer's permission.
Because of the Plaid connection, Privacy does not obtain or store your bank login information anywhere on our systems, and you can change your bank login credentials at any time without interrupting your use of Privacy Virtual Cards.
In most circ*mstances you will be redirected to your payment account provider's website or mobile app to authenticate yourself before we access your account information. In those situations, Plaid does not have access to your credentials.
Widely used banks that use our instant bank linking system (Plaid) Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, PNC, Capital One, TD Bank, SunTrust, Navy Federal, BB&T, etc.
In cases where Plaid has previously supported an integration with a financial institution, but can no longer reliably connect or access data, we may remove an institution from our search flow for a period of time or indefinitely.
To contact Plaid Inc., please visit the Plaid Inc.Consumer Help Center. Please provide the name of the bank or financial institution for the account that you connected to Plaid Check. My financial institution(s) are not included in search results.
Plaid software operates between your financial information and financial sites that you want to receive your data. Using a service like Plaid prevents financial sites from having access to all of your banking and other data. Instead, you only share the specific information that you indicate.
You can use your deposit account and routing number, to connect to your external bank account via micro deposits. Each financial institution's process is different. Please visit their website to understand how to process micro deposits and connect your account.
You can view and manage the app connections you've made using Plaid through Plaid Portal. With Plaid Portal you can see the types of data shared with each app, disconnect apps from your financial accounts any time you want, and delete data stored in Plaid's systems.
If you no longer wish for a particular app to be able to access your data via Plaid, you can disconnect your financial accounts from the app at any time.
You may revoke your authorizations by emailing [email protected]. You must notify EarnIn at least three business days before the scheduled debit date in order to cancel the authorizations for that debit.
To cancel a previously created transfer, call the /transfer/cancel endpoint with the appropriate transfer_id . Note that once Plaid has sent the transfer to the payment network, it cannot be cancelled.
The easiest might be to Google the name of the service, followed by "delete account". Countless how-tos will pop up that you can follow. Sites like JustDelete.me contain a cache of deletion instructions for various accounts, and contacting customer support – via chat or even phone – is always an option.
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