Updated
July 10, 2026
A $58 million settlement resolved privacy claims over how Plaid accessed users' bank data; class members were paid about $35.97 each. The claim window has closed.
Update on the Plaid Settlement - Second Chance Payment
Consumers that qualified for the original $35.97 payment for the Plaid Class Action Lawsuit are reporting that they are receiving notifications by email and mail that they have a second chance offering to receive funds they are entitled to in the form of:• Venmo
• PayPal
• Direct Deposit
If you have any additional questions, visit the official settlement website, PlaidSettlement.com.
Status
Paid Out
Payments issued; claim window closed
Claim Deadline
April 28, 2022 (Passed)
Estimated Payout
~$35.97
Pro rata cash from the $58M fund
Proof Required
No
What's This Settlement About?
A $58 Million Settlement has been paid out to users and customers of Plaid Inc. (“Plaid”). Consumers are reporting $35.97 payments in their inboxes, PayPal accounts and Venmo statements. The original Plaid class action litigation was against the defendant, Plaid, which integrates with approximately 5,000 mobile and web-based financial apps (“apps”).The financial apps use Plaid to enable users to connect the app to the users' bank account(s). Some of the top bank accounts in the United States use Plaid to allow banking customers to connect between different financial services. The Plaid Class Action Lawsuit alleged that Plaid took certain improper actions in connection with this process. Plaid agreed to pay out $58 Million to settle the claim out of Court, without admitting to any wrongdoing.
The allegations behind the Plaid Settlement and lawsuit include that Plaid:
• Obtained more financial data than was needed by a user's app, and
• Obtained login credentials (username and password) through its user interface, known as “Plaid Link,” which had the look and feel of the user's own bank account login screen, when users were actually providing their login credentials directly to Plaid.
Final Approval and Payout Date of November 17, 2022
The Plaid Settlement is closed and has paid out.. Judge Donna Ryi, a judge for the US District Court in Northern California granted final approval for the $58 Million Class Action agreed upon with Plaid, Inc. More than a million consumers filed claims in the Plaid Class Action (see website below) to receive compensation from the $58 Million settlement fund.What Happens Next with Plaid?
While the Plaid Settlement has already been approved and is paying out to class action members that filed timely and valid claims.Free settlement alerts
Get notified when new class actions open to claims
Join thousands of readers who get the latest class action settlements you may qualify for — delivered straight to your inbox.
