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This page describes what the document states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability may vary by jurisdiction. Methodology
“The Client will defend, indemnify and hold Plaid harmless from and against all third-party claims... arising from or in connection with: (i) Client breach of any laws or regulations (including with respect to privacy)”
“Before any End User engages with the Client Application in a manner that uses the Services, the Client warrants and will ensure that it provides all notices and obtains all consents required under applicable law...”
“NEITHER PLAID NOR ITS AFFILIATES... WILL BE LIABLE UNDER THESE TERMS FOR ANY: (A) INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES...”
“Client represents and warrants that it will not, and will not permit or enable any third-party to, use the Services (including Output) as a or as part of a "consumer report" as that term is defined in the FCRA”
“If Client fails any Compliance Review or fails to provide prompt and complete responses within three business days after Plaid's requests for information (even if Client has passed a previous Compliance Review or received provisional access to the Services), Plaid may suspend, revoke, or terminate Client's access to the Services, without notice or liability”
“Client will not access, use, or otherwise process such End User data, including in aggregated or anonymized form, for any purpose other than the use case reviewed and permitted by Plaid in writing”
These terms govern how businesses and developers may use Plaid's Services. Clients must get proper user consents, may only use End User data for Plaid-approved purposes, and bear full responsibility for any legal violations they commit. Plaid can terminate access immediately for compliance failures, and Plaid's liability to Clients is narrowly limited by a broad exclusion of indirect and consequential damages.
Plaid's Terms of Use establish the operational, data-use, and compliance obligations governing the relationship between Plaid and its Clients and Partners. The Client must obtain all legally required notices and consents from End Users before those users engage with Client Applications that use Plaid's Services, and may only process End User data—including aggregated or anonymized forms—for the specific written use case Plaid has approved. Plaid may suspend, revoke, or terminate the Client's access without notice or liability upon a failed Compliance Review or failure to respond fully within three business days. Plaid excludes all indirect, special, incidental, consequential, exemplary, and punitive damages, and places full indemnification responsibility on the Client for third-party claims arising from the Client's legal violations. Partners must maintain 99.9% monthly availability, implement Plaid-specified security and compliance updates within Plaid's stated deadlines, and provide Plaid's Data Access Method on non-discriminatory terms relative to any similar third party.
Individual End Users are not direct parties to these Terms; their interests are protected indirectly through the Client's obligations. Before an End User can use a Client Application in a way that involves Plaid's Services, the Client must provide all legally required notices and obtain all legally required consents. Marketing or advertising to an End User using Plaid's Bank Intelligence products or Plaid Data Partner Output is permitted only on the basis of that End User's express consent. End User data—including aggregated or anonymized versions—may only be used for the specific written use case Plaid has approved, limiting how broadly a Client may exploit that data.
Which mapped governance frameworks each document engages, tied to the specific provisions that engage them.
“The Client will defend, indemnify and hold Plaid harmless from and against all third-party claims... arising from or in connection with: (i) Client breach of any laws or regulations (including with respect to privacy)”
“Before any End User engages with the Client Application in a manner that uses the Services, the Client warrants and will ensure that it provides all notices and obtains all consents required under applicable law...”
“NEITHER PLAID NOR ITS AFFILIATES... WILL BE LIABLE UNDER THESE TERMS FOR ANY: (A) INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES...”
“If Client fails any Compliance Review or fails to provide prompt and complete responses within three business days after Plaid's requests for information (even if Client has passed a previous Compliance Review or received provisional access to the Services), Plaid …”
“Client represents and warrants that it will not, and will not permit or enable any third-party to, use the Services (including Output) as a or as part of a "consumer report" as that term is defined in the FCRA”
“Client will not access, use, or otherwise process such End User data, including in aggregated or anonymized form, for any purpose other than the use case reviewed and permitted by Plaid in writing”
“use the Services in such Client Application provided to end users (consumers or businesses) (the "End Users") solely for internal evaluation of the Services”
“Except for claims for injunctive or equitable relief or claims regarding intellectual property rights (which may be brought in any competent court), any dispute arising under these Terms will be finally settled in accordance with the Comprehensive Arbitration Rules of …”
“marketing and advertising products and services to End Users based on Plaid's data partner-facing "Bank Intelligence" products and its resultant Plaid Data Partner Output solely in accordance with the applicable End User's express consent”
“Partner must implement updates to the Specifications related to security concerns, compliance with laws, or other exigent circumstances within the period specified by Plaid and ensure continued operation of the Data Access Method”
“Availability 99.9% or higher* *Calculation: Availability = (Total minutes in a calendar month - Total number of unplanned Downtime Minutes in such calendar month) / Total minutes in such calendar month”
“Partner will provide the Data Access Method with the degree of performance, availability, integrity, reliability, and currentness that is (1) at least the same as any similar third party working with Partner (including any Plaid competitors)...”
Every distinct legal provision identified in this document. Featured provisions appear above with analysis.
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