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What is Plaid? Why does Chexy need to verify my identity?

Updated over 2 months ago

Due to Federal KYC (Know Your Customer) requirements, Chexy is legally required to verify each user's identity.

We do this using Plaid, a secure third-party application that, in most cases, can verify your identity in less than 30 seconds using only your mobile phone number.

🔹 Fast & Secure: Plaid ensures your information is protected and verifies your identity quickly.


🔹 Minimal Effort Required: Most users only need to enter their mobile phone number.


🔹 Additional Verification (If Needed): In some cases, you may need to provide a selfie and a valid piece of Canadian ID for further verification.

This process helps keep your account safe and ensures compliance with federal regulations while allowing you to use Chexy with confidence. 🚀

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