Can anyone point to a list of apps/services that use this?
For privacy reasons, I'd prefer to avoid anything of the sort.
For privacy reasons, I'd prefer to avoid anything of the sort.
The apps I know who use Plaid are Drop and Venmo. Some banks use it to instantly link external accounts without having to do trial deposits.
You're still sharing your bank account information with someone else. Even if it's your bank's API or whatever, "something my bank created" could be "something my bank had hired an external company to create," or even "a front end my bank created that uses third party software to do all the data processing on the back end." I'm not sure of a meaningful distinction between each case. If you want to minimize sharing bank account information "for privacy" then you don't give your bank account information to anyone.
That's the whole point. You don't know you're giving your account information to anyone. I use Venmo and had no idea they relied on this technique until reading your comment.
I never claimed my list was inclusive, only those are the ones I know use Plaid off the top of my head.