[eaplant]

That last part really blows my mind. You would think that recurring outbound transfers would be totally common right now.

I totally agree that Plaid makes sense, but it frightens me a bit that you have to give your username and password to Plaid.

[phoenixy1]

I know, right? I tried Venmo, PayPal, my own bank...none of them offer it. Even though my bank is one of the biggest banks in the country that has a great online banking portal and my boyfriend and I bank at the same place.

Not everybody is going to be comfortable providing credentials to a third party, I totally understand...but that is what's generally required in the US banking system for API access to bank accounts at multiple institutions, for better or for worse. If it makes you feel any better, we do have info on our security practices (https://plaid.com/safety/) on our site as well as a portal (my.plaid.com) to manage preferences and delete information. We're also committed to moving 75% of our traffic to bank APIs by the end of 2021 and launching OAuth-based authentication for a few big banks in the US soon (so that you don't have to give us access to your credentials at all) -- maybe yours will be one of them! :-)