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What is Plaid and how does Grow Credit use it? What should I do if my bank account isn’t compatible with Plaid?
What is Plaid and how does Grow Credit use it? What should I do if my bank account isn’t compatible with Plaid?
Grow Credit Team avatar
Written by Grow Credit Team
Updated over a week ago

Plaid is a secure way to authenticate and securely share your financial data. Over 4,500 companies use Plaid to connect users to financial applications, including American Express, Venmo, Acorns, and Betterment. You can learn more about the measures that Plaid takes to ensure your security here.

Grow Credit uses Plaid as a component of the underwriting process to determine if you’re eligible for a Grow MasterCard. When you apply for a Grow MasterCard, we analyze your data to determine that your linked account is active and to determine which account type you are eligible for. We also use Plaid to process your pre-authorized withdrawal to pay your Grow account for your subscriptions every month. You may also make your payments with a debit card or PayPal. Please be aware that PayPal is only an option after your due date.

Plaid connects to over 11,000 banks and financial institutions worldwide, and their network is growing every day. However, some smaller banks and credit unions are still not supported by Plaid. If you can’t connect to your bank account, please reach out to customer support by clicking on the icon on the bottom right-hand corner of the page or by emailing behappy@growcredit.com.

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