Privacy Policy

With MagniFee, the users' information is safe, secure and private.

When linking users' investment accounts, we work with a trusted third-party service provider named Plaid to facilitate instant account verification and investment statement transaction details to calculate the investment fees and costs.

Most users are familiar with the Plaid verification process if they ever verified a bank account on PayPal, Venmo, or similar services.

MagniFee | Data Security & Privacy

Data Security: We securely connect with Plaid to get the user's data using encrypted API calls.

Data Retention: MagniFee does not hold user data any longer than it needs to. We remove it from our servers as soon as the calculation is complete.

We sever the connection to Plaid once the calculation is complete to ensure that no one, including MagniFee can access user data.

Data Sharing Policy: MagniFee does not share any of your data with Plaid. Plaid does not have access to your MagniFee activity. MagniFee will not sell, share or rent your data or financial information to outside companies.

Read more about MagniFee's Security Policy.

Plaid | Data Security & Privacy

Data Security: Plaid takes the security of your data seriously. You can learn more about Plaid’s security measures by visiting Plaid’s safety information page.

Bank Account Credentials: The user's banking credentials are never sent to MagniFee. Instead, they are securely shared with Plaid for instant account verification.

Plaid’s Privacy Policy: Plaid collects, uses, and protects user information according to their privacy policy.

Data Handling: MagniFee does not share any user data with Plaid. Plaid does not have access to the user's MagniFee activity.