People that have used apps like Robinhood, Acorns, Venmo, American Express, Coinbase, Credit Karma and more could be entitled to a financial settlement due to a lawsuit that found a third-party service was taking more personal information than required.

Plaid is a fintech service used by many apps that directs users to a “sign-in page” for their bank account, to easily connect their bank information to an app. But, when “signing in” users were actually putting their information directly into Plaid, according to a report by Fast Company on Friday.

A class-action lawsuit against Plaid alleged that the company was collecting “more financial data than was needed” and was being deceptive to people who thought they were just signing into their normal bank accounts.

If you were a user of one of these apps and signed into your bank account, you could be entitled to a settlement.

“You are a Class Member if you own or owned one or more “Financial Accounts” that Plaid accessed using your login credentials and connected to a mobile or web-based app that enables payments or other money transfers; or for which you provided Financial Account login credentials to Plaid through Plaid Link; between January 1, 2013 and November 19, 2021,” the class action website states.

Plaid will pay $58 million to around 98 million people who have used over 5,500 client apps. A settlement advisor has already reached out to some of the affected users via email to explain the lawsuit.

Claims Forms must be submitted by April 28, 2022, and can be submitted at or can be printed from the website and mailed in.

The settlement allows Plaid to continue its service but as of Tuesday a “Plaid Privacy Portal” has been launched that will allow users to see which apps their bank account is connected to through Plaid.

“The claims raised in the lawsuit do not reflect our practices," a Plaid spokesperson told CNET.

"We help consumers safely connect their financial accounts to the apps and services they rely on. As Plaid has evolved from backend infrastructure for developers to also providing front-end solutions, we have become an industry leader in consumer privacy practices. We do not, nor have we ever, sold data."