What Is “PLAID INC” on My Bank Statement?

Short answer: it's Plaid (Bank Linking) charging you $0–$5.

⚡ Quick Answer
Charge:PLAID INC
Service:Plaid (Bank Linking)
Amount:$0–$5/mo
Category:finance
Legitimate:✅ Yes (if you signed up)

Also Appears As

PLAID*TRANSFERPLAID INC.PLAID TECHNOLOGIES

Why Am I Being Charged?

Plaid is a bank connection service used by many apps (Venmo, Cash App, Robinhood, Coinbase, etc.). Plaid charges are usually micro-deposits to verify your bank account. They should be temporary and reversed within 1-3 days.

Common Reasons for This Charge:

How to Cancel Plaid (Bank Linking)

Plaid doesn't charge you directly — the app that uses Plaid does. Identify which app initiated the connection at my.plaid.com/connections.

Don't Recognize This Charge?

If micro-deposits aren't reversed within 5 business days, contact the app that initiated the bank link. You can revoke Plaid access at my.plaid.com.

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