Removal of Manual External Linked Account | Tangerine Bank | Discussion forum

Change the password of your external account after linking, same goes for FLinks when linking with manulife bank.

Dean said
What Markus said ⬆️

I've used Plaid (via Tangerine) and Flinks (via Oaken) quite a few times now, and so far they've been 'Bullet Proof'.

I've Never heard any reports to the contrary. Has anyone else ?
Dean  

I haven't heard boo and have been using both for years.

I am pretty disappointed with Tangerine taking away the manual linking option. Is the bank thinking of saving 2 micro deposits? Guess what, I am willing to pay a fee like $2 for doing manual linking to an external FI. So Tangerine doesn't lose but gain money for that matter. Do you guys agree?

You can change password as much as you want before and after Plaiding. But at the moment of linking, they have your valid credentials, and login to your external FI as YOU. They have full access just like you. They can see, for example, your list of accounts owned including registered, non-registered, savings, chequing, trading, joint, account balances, your investments etc. You heard of various organizations with data breach. Sooner or later, it will happen to this company too. Someone would want to buy these information for sure.

It is what it is. I heard the government is pushing open banking. I wonder if this Plaid thing is one of the steps for that goal. End of privacy.

Dean said
I've Never heard any reports to the contrary. Has anyone else ?
Dean  

Plaid settled a class action lawsuit for scraping more data than they disclosed they were taking. So there's that.

Search "Plaid lawsuit settlement" and you'll find plenty of reports.

Oh wow … Plaid is an American company

… as is Google … who runs Maps and label the same lake with 3 set of rules! Elbows up Eh!

Bibliophile said You can call in to have them set up the new link, which will include the usual micro deposits.  

According to this post on RFD, this client tried to set up the manual link by calling them.

yes, I call them today, and I gave up on them. Not going to do it
Call #1: Hold for about 35min, told me I can't do it on my computer but I will be able to do it if I use Tangerine App. I hang up , download the app, Nop, only option is use Plaid.
Call #2: Hold for a bit over 1hr. Told me Only way to do manually is do 2 small deposit. No online/auto process option. The whole manually process will be:
1). I send them bank statement from the bank I want to link , they need to match my name and address is same.
2). After they verify, I have to call in, at that time they will deposit first small amount, which will take 3-5 days to show up on the account I try to link. Once I see it, I have to CALL in to verify that amount.
3). Must wait for 5 business days, Then Call in to ask them do the 2nd small deposit. When I see the small 2nd small deposit, call in again to verify the 2nd small deposit.
So that will be at least another 5 call.

If this is indeed the case, it sounds like Tangerine (owned by a Big 5) is playing a 3rd-rate fintech game where they must allow a method because they're legally obliged to but will make sure by making it so insane, very few will do it!

Nice to hear that it is secretly offering the legacy method. EQ Bank also secretly offers alternative methods. I can see FI’s now secretly offering alternative methods by adopting risk management (I’m assuming one reason for insisting on screen scraping is anti-fraud, especially with how insisting the tone is) instead of steadfastly refusing everyone. If so I can be less angry at these.