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Instant Bank Verification - Stripe + Plaid
Instant Bank Verification - Stripe + Plaid

What is Instant Bank Verification, and is it secure?

Glade Luco avatar
Written by Glade Luco
Updated over a week ago

This payment method is provided by Stripe in partnership with Plaid, a financial technology company. You must have a U.S. bank account in order to take advantage of ACH payments. This flow was designed with security in mind, which you can learn more about here. A few examples of other successful organizations currently using Plaid’s technology include Gusto, Venmo, and Charity Water.

Once you select to pay with "Bank Transfer," a screen will pop up allowing you to choose your bank. You'll be prompted to log into you online banking account using your username and password and choose the account (checking, savings, etc.) you wish to pay with.

Your bank account is never transmitted or stored with Gigwell.  Your password is always required to use this bank account if you choose to store your information with Stripe.

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