What Bank is Venmo on Plaid?

This article explores the relationship between Venmo and Plaid, a widely used service for linking bank accounts to financial apps.

Venmo and Banks: A Collaborative Effort

Venmo doesn't directly operate on any specific bank's platform. Instead, it partners with FDIC-insured banks to ensure the safety of your funds and adhere to financial regulations. 

One of its key partners is The Bancorp Bank. This partnership allows Venmo to offer account services like holding your balance.

Plaid: The Connector, Not the Link

Plaid acts as a secure bridge between your bank account and various financial apps. It facilitates a connection without you needing to share your sensitive login credentials directly with each app.

Here's the key takeaway: while Venmo works with Bancorp Bank, you cannot directly link your Venmo account to other apps through Plaid.

Why the Disconnect?

Plaid's core function is to connect individual bank accounts, not digital wallet accounts like Venmo. So, if you're looking to link your Venmo account to budgeting tools or investment apps that use Plaid, you'll need to connect your traditional bank account directly.

The Bottom Line

While Venmo leverages a partnership with a bank to hold your funds, it operates outside the scope of Plaid's functionality. To connect Venmo with other financial apps, you'll likely need to rely on the direct linking options offered by those individual apps, if available.