I have a Robinhood Investment account. When I signed up to Robinhood I provided them with state issued photo ID, bank account number and everything that was requested by Robinhood to open my account. I was contented to use Robinhood because of the "ease" of doing all my transactions directly through the Robinhood portal. I was not informed of a change in the portal requirements for transferring funds to and from my bank account prior to discovering that the change had taken place, and that it is "implied" that I have "privacy rights" yet I have been communicating these "rights" to Robinhood, and my desire to "opt-out" of the Plaid Service. I informed Robinhood that I did not choose to opt-in to the Plaid service, because I have no business in the UK, therefore the UK has no need for any of my personal information, or to be actively incorporated into any of my transactions w/Robinhood. After reading the Plaid terms I recognized, and informed Robinhood, that if it was a ligitimate service, Robinhood could just give them what they require since I had already given the exact same credentials to them when I opened my account. The Plaid popup still persists, and the support have not given me any method to circumvent this account access requirement despite several attempts at doing so. My point here is that you definitely need to read "Plaids terms & privacy statement"; I believe that you will find it very disturbing considering that says that you "will be shared" ambiguously with undisclosed other parties! It's been two weeks now, and I'm still trying to transfer money from my Robinhood account w/o using Plaid! I don't trust it!
Claim your business profile now and gain access to all features and respond to customer reviews.
Plaid is a technology platform and data network that enables applications to connect with users’ financial accounts. We lower the barriers to entry in financial services by making it easier and safer to use financial data. Today, we support developers in North America and Europe.