SoFi gives you (the Relay user) the ability to “connect” or “link” accounts held at external financial institutions. SoFi enables this by allowing you to use the service of Plaid, Inc.
If you elect to connect an account, SoFi brings you to the Plaid service. If you agree to Plaid’s terms, Plaid allows you to log-in with your credentials for the account you are linking. Please note: accounts previously connected to Plaid will auto-populate.
Once in the Plaid platform, your data is transmitted exclusively to the websites and/or mobile applications where you have permitted access.
All transmissions between SoFi and Plaid are encrypted using strong algorithms and protocols based on industry best practices. For more information about Plaid’s information security, please visit https://plaid.com/security/.