Petal uses a 3rd party data provider, either Plaid or Quovo, to securely connect to your financial institutions. Petal never stores your login credentials and only maintains the account connection through one of the 3rd party data providers.
If you’re declined or if you don’t finish your application, Petal automatically removes our connection to your financial accounts so we can no longer access them. However, all applications and supporting materials are legally required to be kept for 25 months, so records cannot be deleted immediately.
For more info about our third-party data aggregator’s privacy policies, check out the links below: