Wondering how Better Capital's secure bank connections work? We deploy the same technology utilized by hundreds of other fintech platforms and apps. The core of what we do is anything but difficult: bank-to-bank wire transfers to transfer money, which is often a costly endeavor. One-time deposits are even cheaper. From doing the laundry to sending messages and even shopping online, Better Capital's app enables you to go about simple daily tasks in an affordable way. We're proud of our fair pricing model of $0.50 for most transfers, so you won't have any surprises with your bills when the time comes. Learn more about our fair pricing model here.

Here's How to Get Started:

Create an account at Better Capital, which you can do via a web browser or mobile app, and add funds from one of the following accounts: A personal checking account in your name at least one business day before initiating your first transfer;

Plaid & Yodlee are Industry Leader- Paid vs Yodlee

The Better Capital App has been built on the same infrastructure as the best in the business: Plaid and Yodlee. These companies are leaders in financial technology and are pioneers in creating bank-to-bank transfers between banks. They're also leaders today for this same service as Better Capital:

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Clear Data Network is a leader in data transmission

We utilize Clear Data Network, which is one of the fastest and most secure networks when it comes to transmitting funds. Clear Data's network guarantees timely delivery, with one of the quickest median times to transfer money from origin bank to destination bank (averaged over last 24 hour period). We've also built our platform on the Zelle platform, which is a protocol used for sending money between banks. Learn more about what we do

Functionally sound tech and security features

For security purposes, Better Capital is vertically integrated with a variety of security features. Including two-factor authentication (2FA) that involves receiving two text messages to complete funds transfer sign-in, an email or phone call to fully complete the sign-in process from a mobile device. Our robust platform ensures timely delivery of funds, as well as bank-to-bank transfers with a simple and secure payment process. Read more about what we do

All Connections are Read-Only

Secure banking connections made through the Stessa platform are always a one-way street. No one (including you) has the ability to create an actual transaction, move funds, or otherwise alter your banking settings through the Stessa platform. Once connected, Stessa will only import transactions, which can then be edited and changed in the Stessa transactions ledger. Stessa will also report the current account balance for reference.

Any changes or edits made in Stessa will of course not be reflected in your actual bank accounts. This is a critical safety and security feature that largely eliminates the incentive for someone to try to gain access to your banking data through Stessa.

Login Credentials Not Accessible

For enhanced safety and security, your login credentials are never stored on Stessa's servers. No one at Stessa can see your password. Instead, Yodlee and Plaid make the secure connection on your behalf and then deliver ongoing data feeds for as long as your credentials remain valid.

Sometimes the connections break, passwords, expire, and/or security questions change on the bank end of things. This can result in a broken connection and a requirement to update your login credentials in order to refresh transactions data. When this happens, we'll notify you via email and provide a link to restore your connection.

Strong Encryption

Plaid and Yodlee only allow data to be transmitted using strong TLS protocols and ciphers. Stessa communicates with these providers over encrypted tunnels and all connections require API key authentication, cryptographically hashed headers, and timestamps to verify authenticity. Both Plaid and Yodlee have extensive track records developing and maintaining industry-leading security protocols.

Third-Party Reviews & Audits

Both Plaid and Yodlee subject themselves to frequent network penetration testing and third-party code reviews by independent auditors. These regular audits are conducted by financial institutions and federal regulators and are an integral part of how both services maintain their security infrastructures with the highest integrity.

Compliance with Banking Standards

Finally, Plaid and Yodlee are in full compliance with the Bank Services Company Act and other relevant industry standards and federal regulations. This helps ensure that Stessa's bank linking process and real-time data imports keep up with best practices in data transmittal and security infrastructure.

Data Refreshes

Once you've connected your accounts, you may notice that new transactions won't always appear in your Stessa account immediately. This is because Stessa waits for transactions to officially "post" before importing them, which eliminates the need to reconcile previously imported data. This is consistent with Stessa's "one-way street" approach in which data is imported exactly once and then fully available for editing in Stessa.

You can expect your data to refresh multiple times per day and new transactions to appear within 6-12 hours once "posted" on the bank side.

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