[mbm]

Just to share -- Most of the largest banks/FIs actually work directly with Plaid.

Here's a quick list of some of the major ones:

JPMorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC, Capital One, Truist, TD Bank, Charles Schwab, Vanguard, Marcus by Goldman Sachs, Goldman Sachs Private Wealth, Morgan Stanley, E*TRADE, USAA, M&T, RBC, American Express, Fifth Third, Citizens, KeyBank, Huntington, Ally, Discover, BMO

[wrs]

Yes, Plaid clearly has different levels of integration with different banks.

When I connect something to Chase with Plaid it is clearly a cooperative system with an OAuth-like permission dialog, and the Chase side even mentions they're tokenizing the account numbers so Plaid can't see them.

When I connect to the little bank down the street I just get a username/password dialog. Their web banking system is so primitive I'm pretty sure Plaid is just scraping it. When they introduced 2FA, Plaid became quite flaky.

[mbm]

Correct. They’re incentivized to try to make it as seamless and secure as possible for the 95%, but it’s challenging to build custom integrations for thousands of institutions. Wouldn’t open standards be nice?

[cantrevealname]

> TD Bank

Quite the opposite in the case of TD Bank. They sued Plaid in 2020. “The bank said in the court filings that the Plaid interface dupes consumers into believing they are entering personal information into TD Bank’s trusted platform.” (They settled in 2021 without explaining the terms of settlement.)

https://financialpost.com/news/fp-street/td-bank-files-lawsu...

[Bjartr]

And as of 2023 TD now has API integration with plaid so you don't need to give credentials to connect your account anymore

https://www.prnewswire.com/news-releases/td-bank-group-and-p...