Why does Zenefits payroll ask for my banking credentials?

Zenefits Payroll verifies customer credit and banking information through a third-party vendor called Plaid , an industry leader in secure transaction and authentication services for the financial industry. To guarantee safety and privacy, Zenefits Payroll does not store banking credentials. Instead, these credentials are securely transferred to Plaid using industry-standard encryption.

For more information on Plaid's security standards and validation practices, see Plaid's Security and Authentication guides.