However, if you are not ready to switch from a service like Plaid, Yodlee or Quovo you can still pass their data to us to skip micro-deposits.
Before beginning this process, please verify that this is supported on your Flow of Funds + CIP.
Step 1: Verify account with Plaid/Yodlee/Quovo
Use Plaid to connect to a user's bank account with their online banking credentials.
Step 2: Pull customer Data from Plaid/Yodlee/Quovo
This includes account owner, address and other account information.
Step 3: Pull Transaction Data from Plaid/Yodlee/Quovo
Step 4: Format the data from Plaid/Yodlee/Quovo 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/Yodlee/Quovo Data within the payload. See attached payload as an example. Micro-deposits will not send if this data is supplied.