Manage Plaid Bank Accounts

Use this screen to set up the integration between Plaid-supported banks and Costpoint.

Note: This functionality is available only on Costpoint Cloud, excluding GCCM clients.

Note: For Costpoint Cloud, you can choose to opt in to this feature for the Costpoint 8.2.15 release. The ability to opt in is temporary and will be removed when the feature becomes automatically enabled for all users as part of a future Costpoint release. See the Manage Opt-In Features topic for more information.

This screen utilizes the Plaid platform, a data transfer network that enables applications to connect with users' bank accounts. Plaid Link, the client-side component that you will interact with, acts as an intermediary between your bank and Costpoint to facilitate communication between the two systems. It handles credential validation, multi-factor authentication, and error handling for banks that Plaid supports.

Note: View the Link Overview article or the Plaid Link Demo to learn more about Plaid Link.

When you add banks on this screen, you will be able to retrieve available account types per bank and link them to Costpoint company bank accounts, which then provides you the ability to download transactions from your Plaid-supported bank and import them into Costpoint.

After you have added Plaid-supported banks on this screen:

• Use the Transfer Plaid Bank Transactions screen to download transactions from your Plaid-supported bank and import them into Costpoint.
• Use the Manage Company Bank Accounts (US Banks) or the Manage Company Bank Accounts (Non-US Banks) screens to link your Costpoint company bank accounts to the Plaid-supported bank accounts added on this screen.