No. of Recommendations: 7
People are doing this now with Plaid, a company that I was requested to use to auto link my bank account for monthly payments to a third company. I very strongly declined and set up autopay myself, though the place I was setting up the payments to was just as strong in their insistence I use Plaid. Plaid wanted my password along with my account and routing number, which I declined to give as it would probably violate the rules under which I had fraud protection on the account. One does not give out their password.
Cybersecurity is so tenuous and changing for the worse with advances in hacking that outstrip dated risk control, that the fewer entities that have my information the better. My personal information is already on the dark web, thanks to multiple hacks like TRW's. I for sure am not volunteering passwords.
IP