mobile banking network. business people using mobile phone with icon application online payment. Concept: PLAID
Betsy Wise
By: betsy_wise
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How To Link PLAID with Your Bank Account

Since you’re reading this post, maybe you’re thinking about applying for a business loan or you’re already in the process of doing so. Most likely, one of your main concerns may be whether it’s safe to provide sensitive banking information via a third-party app like PLAID.

We’re here to tell you that PLAID safely and conveniently speeds up the loan process whether you’re accessing financial data in checking, savings, brokerage, or credit card accounts. 

This easy-to-understand, guide answers questions you may have about PLAID, how it works and its security features. You can also review step-by-step instructions on how to link PLAID to your bank account. 

What Is PLAID?

PLAID logoCo-founded in May 2013 by William Hockney and Zach Perrit, PLAID is a technology platform that allows borrowers and lenders to connect digitally. 


According to CNBC, PLAID reported that its customer base doubled from 2017 to 2018 averaging roughly 20 million consumer accounts. That’s how big and important PLAID is.


  • Financial institutions can view bank accounts, balances, and retrieve up to 24 months of transactions, if necessary. 
  • Lenders can view snapshots of real-time and historical bank balances. 
  • Financial services are simplified resulting in improved customer experiences when using this intelligent online tool. 

This technology allows you to save time because there’s no need to gather financial data, fax documents, or call your bank representative to authorize them to share your private financial information. 

You can rest assured that at Camino Financial we only use safe online tools when processing loans. PLAID has built-in features to benefit both lenders and borrowers. We’re especially comfortable with the safety measures they use when handling private information.

What Makes PLAID Bank Verification Safe?

Just like Camino Financial, PLAID takes your security seriously. 

PLAID’s infrastructure requires multi-level authorizations and they monitor application and user-access logs.

To remain security compliant, PLAID hires third-party code reviewers and independent auditors. 

API key authorization is required to verify the authenticity of financial institutions. Cryptology is embedded in headers and timestamps to further validate authenticity. 

Additionally, PLAID adheres to strict protocols and uses encrypted tunnel technology to ensure privacy and safety. A bug bounty program is in place to follow up and solve any security issues that may arise.  Routine tests are conducted on PLAID’s internal and external networks to make sure their operations remain effective.

If you ever have concerns about how PLAID keeps your information safe, you can email them at [email protected] or [email protected] to ask any questions. 

6 Simple Steps To Link PLAID To Your Bank Account

1. Click the orange “Continue” button.

How To Link PLAID with Your Bank Account

2. Closely review your terms. Please note that we do charge a closing fee of $750 for the first loan you start with us. This charge covers the processing of your loan. Once done, please select the orange button named “ VERIFY MY BANK ACCOUNT” 

How To Link PLAID with Your Bank Account

3. Select the bank in which your primary BUSINESS accounts are held. If you cannot see your bank in the list, TYPE your Bank Name in the “Search” field and your Bank should appear in the results.

How To Link PLAID with Your Bank Account

4. Enter your ONLINE BANKING credentials. Please ensure you are using a personal computer/mobile for your own safety. 

How To Link PLAID with Your Bank Account

If you are asked to input a token, this is initiated by YOUR bank and sent to you in an SMS directly to the phone number you have provided at your bank. This will USUALLY occur if you have two-factor authentication set up with your bank

How To Link PLAID with Your Bank Account

Click the blue “SUBMIT” button. 

Note: Camino Financial DOES NOT have access to your credentials nor do we store them.

5. Once your account is linked, you will receive the below confirmation. You MUST click the blue “Continue” button. DO NOT click the “x” in the top right and/or close the window. 

How To Link PLAID with Your Bank Account

6. To confirm your account has been correctly linked, you will be redirected to the below “Complete” page. Please CONFIRM you have reached this page before you close your window.

How To Link PLAID with Your Bank Account



Your file is now in Underwriting. We will have a final decision within 24 hours. It is possible that a credit agent will call you to have a 5-minute conversation about your business. Feel free to call us should you have any questions. Otherwise, you’ll receive a call once we have an update. 

Frequently Asked Questions

  • What do I do if I can’t find my bank? 

PLAID works with over 10,000 banking institutions such as Wells Fargo, Chase, and Citi, amongst many others. If you’re having trouble locating your bank, contact us or your bank directly. We can troubleshoot any problems you may encounter and assist you if necessary.

  • What types of information can PLAID provide lenders? 

Since we need to verify your identity, PLAID confirms your name, phone number, email, and physical address. 

By gaining digital access to bank transactions, we can verify your income, assets, balances, and a history of transactions. 

Furthermore, we can review information about credit and loan accounts, balances owed, transaction history and interest rates. Should you have investment accounts such as retirement and brokerage, we can identify asset details, quantity, and cost basis. 

  • Does PLAID need an account and routing numbers? 

PLAID doesn’t process transactions. Instead, its authorization process uses ACH authentication to protect a customer’s account and routing numbers. 

This eliminates the need to make micro deposits which involve waiting for small trial deposits to post. That way money can be transferred immediately. 

PLAID and Camino Financial Work 24/7 To Ensure Your Data Stays Safe

Our company motto “No Business Left Behind” is far-reaching. 

Along with helping your business prosper by gaining access to needed funds, we can guarantee that your personal and business information is never compromised. 

By using PLAID as part of our loan process, we are confident that your data stays secure and confidential. 

By accessing and analyzing your financial information quickly, we can offer competitive loan terms and rates. We can examine your business’s cash flows to help determine your best course of action to achieve financial health.

Throughout the loan process, we use other bank technology to keep your information secure. We protect you from identity fraud whether you’re signing documents electronically or we’re communicating with you about the status of your application. That’s because you are our top priority from beginning to end. 

We take extreme measures in order to access sensitive information securely and privately. For that reason, we can confidently recommend using PLAID, without hesitation.   

So don’t wait any more time, now that you know how secure our process is, you can apply for a small business loan knowing that we have your best interests at heart. 

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