Wealthfront · Wealthfront Privacy Policy · View original document ↗

Bank Login Credential Sharing with Yodlee and Plaid

High severity Unique · 0 of 325 platforms
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This analysis describes what Wealthfront's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

The provision establishes the operational mechanism by which Wealthfront obtains and maintains current financial data from external accounts. By delegating credential handling to third-party service providers and limiting credential storage to encrypted login names only, the clause defines the infrastructure and data handling scope for the account aggregation service.

Consumer impact (what this means for users)

Users who elect to use the account aggregation service grant standing authorization for repeated access to their linked accounts via their login credentials, with that access continuing automatically as long as the ACH link remains active. The terms specify that actual login credentials are transmitted to and stored by third-party service providers rather than retained by Wealthfront itself.

Cross-platform context

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▸ View Original Clause Language DOCUMENT RECORD
"
By choosing to use our Services to aggregate and analyze your Outside Account Information, you expressly authorize and direct Wealthfront, on your behalf, to access all Outside Account Information available via the login credentials you provide. You also authorize and direct Wealthfront periodically to refresh your retrieved Outside Account Information by re-accessing your linked third-party accounts using your login credentials for so long as the ACH link remains active. Wealthfront uses third-party service providers for the collection, use, storage, and handling of data in connection with our account aggregation services and for purposes of verifying the outside accounts. Wealthfront does not store the login credentials for your linked third-party accounts after the credentials have been transmitted to the applicable service provider, but we may store your login names in encrypted form for purposes of fraud detection and prevention.

— Excerpt from Wealthfront's Wealthfront Privacy Policy

Provision details

Document information
Document
Wealthfront Privacy Policy
Entity
Wealthfront
Document last updated
May 5, 2026
Tracking information
First tracked
May 7, 2026
Last verified
May 10, 2026
Record ID
CA-P-005301
Document ID
CA-D-00367
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
a7e92975f9b366d4378057fc4997a1a095db6bf1f930f056258c02e72e54e742
Analysis generated
May 7, 2026 18:18 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Wealthfront
Document: Wealthfront Privacy Policy
Record ID: CA-P-005301
Captured: 2026-05-07 18:18:48 UTC
SHA-256: a7e92975f9b366d4…
URL: https://conductatlas.com/platform/wealthfront/wealthfront-privacy-policy/bank-login-credential-sharing-with-yodlee-and-plaid/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Frequently Asked Questions

What does Wealthfront's Bank Login Credential Sharing with Yodlee and Plaid clause do?

The provision establishes the operational mechanism by which Wealthfront obtains and maintains current financial data from external accounts. By delegating credential handling to third-party service providers and limiting credential storage to encrypted login names only, the clause defines the infrastructure and data handling scope for the account aggregation service.

How does this clause affect you?

Users who elect to use the account aggregation service grant standing authorization for repeated access to their linked accounts via their login credentials, with that access continuing automatically as long as the ACH link remains active. The terms specify that actual login credentials are transmitted to and stored by third-party service providers rather than retained by Wealthfront itself.

Is ConductAtlas affiliated with Wealthfront?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Wealthfront.