Statement OCR vs Plaid

Bank Account Linking

Overview

Plaid connects applications to users' bank accounts for real-time financial data access.

Our Advantages

✓No bank login required — works even when users will not connect accounts
✓Users control what they share
✓Works with historical documents
✓No ongoing connection management

Plaid Advantages

✓Real-time balance and transaction data
✓Ongoing account monitoring
✓Direct data from source (no document needed)
✓Established fintech infrastructure

Pricing Comparison

Statement OCR

$0.20 - $0.58 per document

No minimums, no contracts

Plaid

Per-connection pricing (varies by product)

When to Choose Us

→Users won't connect bank accounts
→One-time income verification
→Need historical documents (W-2s, tax returns)
→Maximizing conversion is priority

When to Choose Plaid

→Real-time balance verification needed
→Ongoing account monitoring required
→Users are fintech-comfortable
→Direct data access preferred

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