How bank linking works
Linking a bank is optional. It brings your balances and transactions into BetterBudget so you do not have to type them in.
Who can link a bank
Bank linking is on the Plus or Premium plan. Plus links up to 3 banks and Premium up to 10 banks. It works with US and Canadian banks.
What happens when you link
You sign in to your bank through Plaid, and BetterBudget never sees or stores your bank username or password. The link is read-only and brings in your accounts, balances and transactions.
It cannot move money
BetterBudget only reads your accounts and transactions. It cannot send, transfer or withdraw money, and it never pays a bill for you.
What is stored
BetterBudget stores the accounts, balances and transactions the link brings in. The access tokens Plaid gives us are stored encrypted (AES-256-GCM) with a key kept outside the database, and the identifier and sync position of each bank connection carry an additional layer of encryption. The privacy policy has the full list.
If your bank asks you to sign in again
Banks sometimes ask for a fresh sign-in. When one does, Connections shows a Reconnect button next to that bank, which takes you through Plaid again. Disconnecting a bank keeps your history.
Without linking
Manual accounts and CSV import work on every plan, including Free, so you can type in accounts and transactions or import your bank's own CSV export. See using BetterBudget without a bank link.
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Educational information, not financial advice.