Submitting Plaid Data to Skip Microdeposits

If your platform is approved to supply data from Plaid in lieu of micro-deposits, follow the steps below.

Before beginning this process, please verify that this is supported on your Flow of Funds + CIP. 

Step 1: Verify account with Plaid

Use Plaid to connect to a user's bank account with their online banking credentials.

Step 2: Pull customer Data from Plaid.

This includes account owner, address and other account information.

Step 3: Pull Transaction Data from Plaid

Step 4: Format the data from Plaid like the example below (see attachment).

Date is in unix time. Designate negative values with "Debit" True or False (boolean).

Step 5: Send all data to us when you add the bank account with Account/Routing Numbers.

Add an ACH-US Node with Account/Routing. Include Plaid Data within the payload. See attached payload as an example.


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