Linked Bank Accounts vs. Payment Method Accounts

🔗 What is a Linked Bank Account?

A linked bank account is the account you connect to SaverLife through Plaid. This allows us to:

Track your savings progress for SaverLife challenges
Help you earn rewards
Provide personalized financial tips

We can see your balances and transactions but cannot move money in or out of this account.

✅ Used for tracking your savings
🔒 Read-only access via Plaid

💵 What is a Payment Method Account (ACH Account)?

Your payment method account is where SaverLife sends your reward payouts. This is set up using ACH (Automated Clearing House), which means:

You provide your bank routing number and account number
This account is only used to deposit money from SaverLife (no withdrawals)

✅ Used for receiving reward payments
🏦 Set up by entering your account and routing numbers directly