Bank Linking Glossary

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Terms

• Account — Your Meld account, which represents your company.
• Customer — A customer you create with Meld. A single customer usually represents one person or business and can have multiple bank connections. Track customers using customerId (a Meld-generated unique ID), or pass your own ID in as externalCustomerId.
• Service Provider — The entity responsible for completing a connection between a user and a bank account. Plaid, Finicity, MX, Yodlee, Salt Edge, Salt Edge Partners, and Akoya are all service providers.
• Connection — A link between a service provider and a login to a bank. A connection can have several financial accounts associated with it (for example, a checking account and a savings account). A connection is tied to a particular institution.
• Institution — A financial entity where money is stored. A bank is the most common type of institution; credit unions are another.
• Financial Account — Includes checking accounts, savings accounts, 401(k)s, IRAs, credit card accounts, and so on. A single connection can have multiple financial accounts, and individual accounts may support different sets of products. For example, credit card accounts don’t support identifiers (i.e. routing and account numbers).

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Relationship diagram