Introducing Plaid Deposit Switch: Automating account funding

Plaid has introduced a new product called Deposit Switch, currently in beta, which aims to make it faster and easier for users to establish or change the destination of their paychecks. By automating direct deposit account funding, banks can optimize their account funding flows and increase customer lifetime value. The product offers both instant and fallback methods for users setting up recurring account funding. Plaid Deposit Switch has received positive feedback from beta partners such as Lili and Yotta.