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Bank connections

Connect eligible institutions through Plaid to bring supported account, balance, and transaction data into OwnCents.

Bank connections · supported data flowSample company

Authorized source

  • Eligible account identity and type
  • Available and current balance fields where supplied
  • Pending and finalized transaction activity
  • Supported recurring-stream context

OwnCents records

Common financial context, with the source retained.

Workspace-scoped

A connection is not a promise of every record

Authorization establishes provider access. What OwnCents can actually ingest depends on the configured connector, provider fields and the supported normalization path.

Supported scopeNot included
Normalize supported financial dataInitiate or schedule bank payments
Show account and cash contextGuarantee institution coverage or refresh timing
Sync pending and finalized activityTreat provider labels as posted accounting

Institution support, fields, and refresh timing vary. Bank data is operating evidence and must be mapped and posted through separate accounting controls when accounting authority is required.

From authorization to a useful view

  1. Choose to connect a bank.
  2. Complete the institution flow in Plaid Link.
  3. Select eligible accounts.
  4. Review normalized data after the first sync.

Access stays explicit

A user starts Plaid Link and authenticates directly with the eligible financial institution. OwnCents receives provider tokens server-side, encrypts them, and never receives the user's online banking password.

Provider data is not accounting authority

Connections use server-side token handling, workspace-scoped authorization, step-up controls for sensitive connection actions, and verified webhook processing.

A successful sync does not approve a journal or establish an accounting treatment. Review source timing, coverage and the applicable workflow before relying on a result.

Questions about Bank connections

Does OwnCents store bank passwords?
No. Institution authentication occurs in Plaid Link; OwnCents does not receive online banking passwords.
Can OwnCents move money?
No. Bank connections are for supported financial data and do not initiate, authorize, transmit, or distribute payments.
Why can balances differ from the bank portal?
Provider refresh timing and institution fields vary. Confirm time-sensitive balances with the financial institution.

Where the information becomes useful

Connect only what the decision needs.

Explore a read-only sample company, or start with your own supported data.