Connection to Plaid

Plaid Account Setup

• Plaid Dashboard access

  • Sign up for a Plaid account if you don’t have one already.

    • https://dashboard.plaid.com/signup

    • Obtain Plaid API connection client ID and Secret Keys

Note: Use the Request Access button to request a production instance access. When you fill out the form, make sure you at least select “Transactions” in the “Product Selection” step.

GoldFinch Plaid Connection Setup

• In GoldFinch, navigate to Setup, then Custom Metadata Types.

  • Create a new Custom Metadata Type, and name it Bank Connect Integration Setting.

• Bank Connect Integration Setting setup detail:
  

  

  • Fields

    • Aggregator - Plaid

    • Client ID - API Client ID, obtained from your Plaid Dashboard.

    • Country - Default to US

    • Development Secret: Development API secret key obtained from your Plaid Dashboard

    • Development URL: https://development.plaid.com

    • Environment - Defines the Plaid environment from which the system should pull the transaction data.

      • Sandbox - Plaid Sandbox is a free test environment in which no real data can be used.

      • Development - You need to submit an approval form to gain access. The Plaid Development environment uses real-world data, but like in Sandbox, API calls in Development are not billed.

      • Production - You need to submit an approval form to gain access. It uses real-world data, and API calls are billed

    • Production Secret: Production API secret key obtained from your Plaid Dashboard

    • Production URL: https://production.plaid.com

    • Sandbox Secret: Sandbox API secret key obtained from your Plaid Dashboard

    • Sandbox URL: https://sandbox.plaid.com

GoldFinch Bank Connect Setup

Navigate to Bank Connect Settings.

Click New Bank Connect Setting.

Follow the screen instructions to connect to your bank accounts.

• If your instance is set to connect to the Plaid Sandbox environment

  • When prompted for bank login use the following credentials

    • Username: user_good

    • Password: pass_good

  • If prompted for a mobile verification code type: 1234

• To go live, you must:

  • Submit an approval form to Plaid to gain access. It uses real-world data, and API calls are billed

  • Obtain the Production Secret Key from your Plaid Dashboard.

  • Update Bank Connect Integration Setting in Custom Metadata Types.

• Once you connect with your banking institutions:

  • Bank Connect Setting is populated with access token and after information.

  • Bank Connect Details records are created for each of the Bank Accounts in the banking institutions.

  • Map each Bank Connect Detail record to a Bank/Credit Card GL Account.

  • Click Download Bank Transactions to download transactions.