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What is Plaid and is it Safe?

Bumped users link their credit and debit cards so that Bumped can automatically reward them when they spend with their Loyalty Brands. To safely and securely link those cards, Bumped uses a tech company called Plaid. So, what is Plaid?

Plaid helps bridge digital platforms with users’ bank accounts, creating a secure connection between a financial institution and the applications that use necessary information from it. While protecting sensitive information, Plaid retrieves important data from users’ bank accounts that applications may need, such as account balance, or account numbers of deposit or withdrawal.

App Integration

More than 3,000 apps and 10,000 financial institutions use Plaid, which ultimately accounts to 25% of U.S. adults. Many apps rely on Plaid to easily secure financial access with their users.

Bumped partners with Plaid to ensure that transactions are safely and accurately tracked, in order to reward our users with free fractional shares of stock. Plaid simplifies this process while effectively protecting sensitive information.

Security Measures

Plaid uses encrypted, protected tokens to protect actual account information. Their security protocols include:

  • Advanced Encryption Standard (AES) that shields any stored data, and Transport Layer Security (TLS) to protect data in transit between applications.
  • Cloud infrastructure built to provide flexible and responsive protection.
  • Multi-factor authentication (MFA) to protect identities and login credentials.
  • 24/7 monitoring for immediate support.
  • Independent security testing to ensure the platform cannot be breached.

Data Protection

Additionally, users can control exactly what data Plaid can have access to, including:

  • Account and routing information
  • Balances
  • Transactions
  • Investment holdings
  • Account profile information

Plaid’s privacy policy states they will never sell or rent users’ personal information, and that they only share data with the organizations that individuals have granted permission to.

Learn more about how Bumped safeguards our users’ data on our Security page.

Have any questions about this? Visit our Support Center or reach out to our team at


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Are you a financial institution or brand interested in working with Bumped to make your customers owners? Get in touch below!

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© 2021 Bumped Inc. All rights reserved. Use the following links to access Bumped Financial LLC's Privacy Policy, Terms of Use, Customer Agreement, and other Legal Disclosures.

The Bumped app and website are operated by Bumped, Inc. Brokerage services are provided by Bumped Financial LLC, member FINRA ↗/SIPC ↗. More about Bumped Financial LLC on FINRA’s FINRA BrokerCheck website ↗

Investing in securities involves risk, including possible loss of principal: Not FDIC Insured • No Bank Guarantee • May Lose Value. Past performance is not a guarantee of future results. Nothing on this site should be construed as an offer to purchase or sell securities.

Any market, economic and / or performance data shown is for hypothetical and illustrative purposes only. Data does not represent actual results.  Participation is only for investors who understand and agree to the risks inherent in their Bumped Accounts. Only qualifying purchases made according to the terms and conditions are eligible for stock rewards. Bumped does not charge brokerage fees. Bumped reserves the right to restrict or revoke any and all offers at any time.

Brands and brand logos shown are for illustrative purposes only and do not indicate specific offers from, or guarantees to participate with, any of the merchants shown. Offers and participating brands are subject to change without notice.

Investors receive shares of ETFs as rewards. Investors should consider their investment objectives, risks, carefully before investing. This and other information are found in the fund prospectus. Please read the prospectus carefully before you choose to invest.

Rewards are accrued for investment after qualifying purchases, but may be reversed if the qualifying transaction is later reversed. Bumped does not assume the risk of market movements for returned items or disqualified transactions. 

Bumped Inc., its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.

A few notes on fractional shares: they’re typically not transferable between brokerage firms. If you want to transfer your Bumped account, you may have to sell your fractional shares first. Fractional shares can’t be put into certificate form or physically mailed, nor do they have voting rights.