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Plaid - Policy Change | PolicyWatcher

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Change impact: not assessed. The risk score describes the assessed policy and does not measure the effect of this revision.

7/10

Policy risk (AI): High

Summary

Plaid accesses your financial account data with explicit consent, sharing it with third-party apps you use, and you can withdraw consent anytime.

Plaid accesses your financial account data with explicit consent, sharing it with third-party apps you use, and you can withdraw consent anytime.

Accesses financial data (transactions, balances, personal info) from your EEA bank accounts.
Requires explicit consent to access and share your data with third-party applications.
Plaid disclaims liability for third-party app actions or data accuracy from banks.
You can withdraw consent for data access and sharing at any time.
Agreement can be changed with 2 months' notice; you can terminate if you disagree.

Extensive financial data collection.+2

Broad data sharing with third-party apps.+3

Limited liability for third-party actions.+2

No text diff available for this change.

EUMedium

Your financial data is processed under PSD2 and GDPR. Explicit consent is key, but data sharing with third-party apps requires careful review.

USLow

This policy is EEA-specific. If your data is transferred to the US, it would be subject to US privacy laws like CCPA/CPRA.

GlobalMedium

Your financial data is highly sensitive. Understand how it's shared and your rights to withdraw consent globally.