Cake Budget
feature

Secure Bank Integration

Automatically sync transactions from 10,000+ banks with read-only, encrypted connections

Last updated: October 10, 2025

Connect your bank accounts once, and Cake Budget handles the rest. Automatic transaction syncing, real-time balance updates, and intelligent automation—all powered by secure, read-only access to your financial data.

What Bank Integration Enables

Automatic Transaction Syncing

No more manual entry:

  • Transactions sync automatically multiple times per day
  • Purchases appear within minutes to hours of posting
  • 90 days of history imported on first connection
  • Ongoing updates as transactions occur

What syncs:

  • Every purchase, deposit, transfer, and fee
  • Merchant names
  • Transaction amounts and dates
  • Pending and posted status
  • Account balances (current and available)

Real-Time Balance Updates

Always know your true financial position:

  • Account balances update with every sync
  • Safe-to-Spend recalculates automatically
  • On Track status updates for slice goals
  • No manual balance tracking needed

Intelligent Automation

Bank integration powers:

  • Funding Schedules: Auto-detect paychecks and allocate to slices
  • Automation Rules: Auto-categorize transactions by merchant
  • AI Insights: Analyze spending patterns for recommendations
  • Recurring Detection: Identify subscriptions and recurring bills

Without bank integration: None of these features work. Manual budgeting only.

Powered by Plaid

The same technology trusted by:

  • Venmo
  • Acorns
  • Betterment
  • Robinhood
  • 8,000+ other financial apps

Why Plaid:

  • Connects to 10,000+ US banks
  • Bank-level security (256-bit encryption)
  • SOC 2 Type II certified
  • Industry-standard compliance
  • Direct bank API integrations (not screen scraping)

Security Features

1. Read-Only Access

Cake Budget can NEVER:

  • ❌ Transfer money between accounts
  • ❌ Initiate payments or withdrawals
  • ❌ Change account settings
  • ❌ Access account documents

Cake Budget can ONLY:

  • ✅ View transactions
  • ✅ View account balances
  • ✅ View account names and types

Result: Even if systems were compromised, your money is safe.

2. No Credential Storage

Your bank passwords stay secure:

  • You enter credentials directly into Plaid (not Cake Budget)
  • Plaid authenticates with your bank
  • Plaid gives Cake Budget an access token
  • Your passwords never touch our servers

3. Bank-Level Encryption

All data encrypted:

  • HTTPS/TLS for all connections
  • 256-bit encryption in transit
  • Encrypted database storage
  • Secure access token handling

4. Multi-Factor Authentication Support

Your bank’s security stays active:

  • SMS codes
  • Email verification
  • Push notifications
  • Security questions
  • Authenticator apps

Plaid supports all MFA methods your bank requires.

Supported Institutions

Coverage

10,000+ US banks and credit unions:

  • All major national banks
  • Regional banks
  • Credit unions
  • Credit card issuers
  • Some investment platforms

Major banks supported:

  • Chase
  • Bank of America
  • Wells Fargo
  • Citi
  • Capital One
  • US Bank
  • PNC
  • Discover
  • American Express
  • And thousands more

Check compatibility: Search for your bank during connection setup.

What You Can Connect

Account types supported:

  • ✅ Checking accounts
  • ✅ Savings accounts
  • ✅ Credit cards
  • ✅ Money market accounts
  • ✅ CDs (certificates of deposit)
  • ✅ Some investment accounts

Connection limits by tier:

  • Budget Pro: 2 institutions, 5 accounts
  • Family: 5 institutions, 12 accounts

Connection Lifecycle

Initial Connection (30-90 seconds)

What happens:

  1. Click “Connect Bank Account”
  2. Plaid window opens
  3. Search for and select your bank
  4. Enter online banking credentials
  5. Complete MFA if required
  6. Select which accounts to connect
  7. Authorize the connection
  8. Initial sync begins (up to 180 days of history)
  9. Transactions appear in your app

First sync includes:

  • Up to 180 days of transaction history
  • Current account balances
  • Account names and types

Ongoing Syncing (Automatic)

Multiple syncs per day:

  • Bank syncs with Plaid (3-5 times daily)
  • Plaid notifies Cake Budget via webhook
  • Cake Budget immediately syncs your data
  • New transactions appear
  • Balances update
  • Automation executes

Plus daily backup sync at 3 AM (safety net for missed webhooks)

Connection Maintenance

Connections expire when:

  • You change your bank password
  • Bank requires periodic re-authentication (every 90-180 days)
  • MFA settings change
  • Bank system upgrades

Reconnecting is easy:

  1. Receive email notification
  2. Click “Reconnect” in Settings
  3. Enter current credentials
  4. Complete MFA
  5. Connection restored immediately

No data loss, no duplicates.

Managing Connections

View Connected Banks

Settings → Accounts & Institutions shows:

  • Institution name and logo
  • Connection status (healthy, needs reconnection, error)
  • Number of accounts connected
  • Last sync timestamp
  • Action buttons

Add More Accounts

Connect additional banks anytime:

  • Click “Connect Bank Account”
  • Follow Plaid flow
  • Up to your tier limits (2 or 5 institutions)

Remove Connections

Disconnect a bank:

  • Click “Remove” next to institution
  • Confirm action
  • Future syncing stops
  • Historical transactions preserved

Use cases:

  • Closed the account
  • Switched banks
  • Reached connection limit
  • No longer want automatic syncing

Key Benefits

1. Time Savings

Manual budgeting:

  • 50 transactions/month × 30 seconds each = 25 minutes/month
  • 300 minutes/year wasted on data entry

Automatic syncing:

  • 0 minutes on data entry
  • 300 minutes/year saved for actual budgeting

2. Accuracy

Manual entry errors:

  • Typos in amounts
  • Wrong categories
  • Forgotten transactions
  • Delayed entries

Automatic syncing:

  • Exact amounts from bank
  • Auto-categorized by rules
  • Never miss a transaction
  • Immediate updates

3. Complete Picture

Manual tracking:

  • Easy to forget cash transactions
  • Miss small purchases
  • Incomplete financial picture

Automatic syncing:

  • Every transaction captured
  • Including forgotten purchases
  • True spending visibility

4. Enables Automation

Bank integration unlocks:

  • Funding schedules (paycheck auto-allocation)
  • Automation rules (smart categorization)
  • AI insights (spending pattern analysis)
  • Recurring detection (subscription tracking)

Result: “Set it and forget it” budgeting.

Common Questions

Q: Is it safe to connect my bank? A: Yes. Plaid is used by thousands of apps and uses bank-level encryption. Your credentials never reach Cake Budget servers.

Q: Can Cake Budget move my money? A: No. Strictly read-only access. We can only view data, never transfer funds.

Q: Which banks are supported? A: 10,000+ US banks including all major institutions. Search during connection to verify yours.

Q: How often do transactions sync? A: Multiple times per day when your bank syncs with Plaid, plus a daily backup sync at 3 AM.

Q: What if my bank isn’t supported? A: Plaid supports almost all US banks. If yours isn’t available, contact support@trycakebudget.com.

Q: Can I connect investment accounts? A: Some investment platforms are supported, but Cake Budget is optimized for checking, savings, and credit card accounts.

Q: Does connecting affect my credit score? A: No. Viewing transactions doesn’t impact credit scores. No credit checks are performed.

Q: Can I temporarily pause syncing? A: You can disconnect and reconnect later. Historical data is preserved.

Connect your bank securely: Start your free 30-day trial at trycakebudget.com

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