Even in the event you’ve by no means heard of an organization known as Plaid, they might owe you a part of a multi-million greenback lawsuit settlement, Fast Company has reported. Plaid, which connects client financial institution accounts to providers like Venmo, Robinhood, Coinbase and different apps, was accused of accumulating extreme monetary knowledge from shoppers. While denying any wrongdoing, it agreed to pay $58 million to all shoppers with a linked checking account to any of its roughly 5,000 shopper apps.

The lawsuit accused Plaid of accumulating “more financial data than was needed from users.” It additionally claimed that the corporate obtained customers’ financial institution login data through its personal “Plaid Link” interface, “which had the look and feel of the user’s own bank account login screen,” in line with the settlement web site. On high of the $58 million payout, the corporate was compelled to alter a few of its enterprise practices. 

Millions of individuals use apps linked to Plaid, so any payout is perhaps fairly slim. Still, in the event you’re a US resident who had a checking account linked to the app between January 1st, 2013 and November nineteenth, 2021, it’s possible you’ll qualify to obtain a declare. For extra, see the settlement website’s FAQ. 

You might have already obtained an electronic mail concerning the lawsuit, or you’ll be able to verify the settlement’s search part to see in the event you’ve used an app that qualifies. In any case, you may have till April twenty eighth, 2022 to submit your claim.