What Bank Does PayPal Use with Plaid?

If you’re a PayPal user, you might be wondering if Plaid works with this payments giant. More importantly, you might be curious about the bank that PayPal is affiliated with on Plaid. This information is crucial if you want to connect the two platforms. In this article, we’ll provide you with all the details you need, as well as guide you on how to connect Plaid with other favorite apps like Wise.

Does PayPal Utilize Plaid?

Absolutely! PayPal is among the approximately 11,000 financial institutions that connect to Plaid in the United States, Canada, and across Europe [^1^]. PayPal uses Plaid as an intermediary to ensure the secure sharing of your information and facilitate payment processing. PayPal is already known as a reliable and secure platform for payments and money transfers, but its integration with Plaid adds an extra layer of safety.

Save Money on International Transfers with Wise

Before you hit the “send” button on PayPal for international money transfers, take a moment to consider an alternative that might save you some money. Wise provides an excellent option for sending money worldwide, offering low fees and fair exchange rates. It’s a fantastic alternative to PayPal, which can be a little expensive for overseas transactions.

By opening a Wise Account online, you’ll gain access to remarkable benefits:

  • Bank details in 10 currencies.
  • The ability to hold, send, spend, and convert more than 40 currencies simultaneously.
  • Low and transparent fees for sending money abroad.
  • The option to order a Wise card, valid in 174 countries, for a one-time fee of just $9.
  • Mid-market exchange rates for all transactions.
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Signing up for a Wise account online is quick, easy, and free. Additionally, there’s a convenient Wise app available, allowing you to manage everything from your phone.

Connecting PayPal and Plaid: A Step-by-Step Guide

So, you might be wondering which bank PayPal uses with Plaid and how to connect the two efficiently.

To begin, you’ll need your own Plaid account, as well as a PayPal account. Signing up on the Plaid website is a simple process.

Afterward, follow these steps to link your Plaid account with PayPal:

  1. Login to your PayPal account.
  2. Navigate to the ‘Linked accounts’ section.
  3. Click on ‘Add a new account.’
  4. Select ‘Plaid’ from the provided options.

That’s it! Once you’ve successfully linked the two accounts, you can rely on Plaid to enhance the security and usability of your PayPal account.

How to Connect Plaid and Wise

If you’re using the Wise app for international transfers, you can also connect it to Plaid. By doing so, you’ll enjoy the same benefits and experience secure and seamless payments. Connecting Wise and Plaid is a breeze. When directed to Plaid, simply search for ‘Wise’ and add your Wise USD account details to get started.

The Bottom Line

After reading this article, you should now have a better understanding of how Plaid works in conjunction with PayPal and other financial apps like Wise. Once you have accounts with both Plaid and the money app you wish to link, the process of connecting them is straightforward. From there, you can focus on shopping, spending, sending money, or managing your everyday finances directly from your phone.

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Learn more about Wise or explore our guides on using Plaid with Venmo and Cash App. If you encounter any issues connecting Plaid to your bank, we have you covered.


  1. Plaid – What is Plaid?

Sources checked on 07-Jun-2023.

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