Plaid vs Revolut: Privacy & Security for Fintech Users
Explore how US-based Plaid and UK's Revolut differ in protecting your data. Discover which fintech solution prioritizes your privacy needs today.
Should You Switch to Revolut?
Gain multi-currency accounts, instant transfers, and budgeting tools.
May lose advanced financial insights and payment initiation features.
Switch if privacy and multi-currency needs outweigh advanced features.
At a Glance
US data laws
GDPR protected
Plaid
freemium
Revolut
freemium
Privacy & Compliance Comparison
Critical data sovereignty factors at a glance
| Criteria | Plaid | Revolut |
|---|---|---|
Server Location | US (AWS), EU (optional) | EU |
GDPR Compliance | Partial (SCCs) | Full |
Open Source | ||
E2E Encryption | Optional | |
Data Portability | Partial | Full export |
CLOUD Act Notice
Plaid is a US company and must comply with CLOUD Act data requests, even for data stored in EU data centers. Revolut is not subject to US jurisdiction.
Plaid
🇺🇸Plaid Inc.
Revolut
🌍Revolut Ltd
US Data Storage
Data subject to US CLOUD Act and may be accessed by US authorities
EU Data Protection
Data protected under GDPR with EU-only data residency
Certifications & Compliance
No certifications listed
Reasons to Switch
- ✓Revolut offers multi-currency accounts with 30+ currencies available.
- ✓Instant transfers between Revolut users are free and immediate.
- ✓Revolut provides crypto trading for 5 cryptocurrencies, including Bitcoin.
- ✓Budgeting tools in Revolut allow tracking spending by category in real-time.
Things to Consider
- !Migration may require manual data transfer, causing potential data loss.
- !Revolut lacks direct bank connection APIs like Plaid's account verification.
- !Learning curve for new budgeting tools may delay initial usage.
Migration Overview
Depends on data size and complexity
Quick Steps
Create Revolut account and configure settings
Export and prepare data from Plaid
Import data, test integrations, and migrate users
Note: Revolut offers multi-currency accounts and instant transfers, but its focus on consumer banking may not align perfectly with Plaid's use case.
Other alternatives to Plaid
Ready to make the switch?
Start using Revolut today and take control of your data privacy.