【2022.11 Update】Over the past few days, many users have received their $36 settlement payment via PayPal! The official website also indicates that payments are being sent out. If you haven’t received yours, you can contact them:
- Send an email to [email protected]
- Or call 1-855-645-1115
No need to worry too much—wait a few more days. If you submitted a claim, you should receive it.
This is roughly what the payment looks like:
【2022.2 Update】Plaid appears to have sent emails to many users notifying them about this class action settlement. Emails like this are often filtered directly into spam folders, so be sure to check your spam inbox. The subject line is Notice of Class Action Settlement – In re Plaid Inc. Privacy Litigation
About the Plaid Class Action
Because of historical reasons in the U.S. banking system, linking a bank account has traditionally required a slow ACH verification transaction. In recent years, many financial websites and apps have started using Plaid to link bank accounts. You simply enter your bank account credentials on Plaid’s page to connect your account. Plaid was sued in 2021, and the class plaintiffs alleged that Plaid misled users into thinking Plaid’s login interface belonged to their bank. Plaid denies wrongdoing, but it agreed to a settlement. Any user who used Plaid can submit a claim form and share in the $5,800,000 settlement fund provided by Plaid.
Am I Eligible?
If you meet the following conditions:
- You are a U.S. resident
- You used Plaid to connect any financial account between January 1, 2013 and November 19, 2021
then you may be part of this class action and settlement.
How to File a Claim
Click this link to fill out the claim form online. You will need to provide:
- The bank account you linked
- The approximate date you linked it
- Which service (website or app) you used to link it
There is also a website here where you can search a list of apps/websites that use Plaid, including common ones like Robinhood and Google Pay.
Although you can list up to 8 entries, the payment amount is the same no matter how many you submit. So there’s no need to spend too much time digging up every account.
Will all Class Members who file claims receive the same amount?
Yes.
Important Dates
There are strict deadlines for submitting a claim or taking other action:
- Deadline to submit a claim online: April 28, 2022
- Deadline to exclude yourself / object to the settlement: March 4, 2022
- Final settlement approval hearing: May 12, 2022
If you have questions about class action lawsuits or want to learn more, you can read our dedicated guides: