Connecting your bank
Why to connect your business bank account, what Cyphr AI can and can't do with it, and how to manage the connection.
Connecting your business bank account lets Cyphr AI measure your finances with real transaction data instead of estimates. Lenders also put more weight on verified figures.
Cyphr AI connects to your bank through Plaid, a widely used, secure bank-connection service. You sign in to your bank through Plaid's screen. Cyphr AI never sees or stores your bank password.
Common questions
Can Cyphr AI move money? No. The connection is read-only. Cyphr AI can't make payments or start transfers.
What does Cyphr AI read? Your transactions and balances. Cyphr AI uses them to build a profit and loss statement that you can review.
Can I connect more than one account? Yes. Connect every account your business uses.
How long does it take? Your accounts appear right away. Your transaction history loads in the background, and a long history can take a little longer.
Will the connection expire? Sometimes your bank will ask you to sign in again. Cyphr AI will let you know when a connection needs attention.
Can I disconnect? Yes. You can manage every connection, and the data stored from it, in your bank data settings.
Can I type in my figures instead? No. Cyphr AI organizes what your bank reports. It doesn't accept manual bookkeeping entries.
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