Is Yodlee safe? Largely, yes. Founded in 1999 and long known as Envestnet | Yodlee, it's one of the oldest and most established account aggregators. It encrypts data in transit and at rest and uses OAuth or token-based connections at supporting institutions, so the engineering holds up well. Like many aggregators it provides de-identified, aggregated data for research with your identity removed, and it says it never sells data that identifies you. Yodlee sits behind many personal-finance apps, and Truthifi connects through it too, so here's how it works, how it protects your data, and how you stay in control.

What is Yodlee?

At its core, Yodlee is a secure intermediary. It connects the apps you use to your bank or brokerage, so they can read your balances and transactions with your permission. It's similar plumbing to Plaid and Finicity, widely used behind banking and wealth-management apps, and it powers many personal-finance apps through its FastLink connection flow. Envestnet owned it for years and sold it to the private-equity firm STG in September 2025, according to Envestnet's announcement, so Yodlee now operates under STG ownership rather than as part of Envestnet.

Because it sits between your bank and your apps, Yodlee security deserves a close look. So the answer has two halves: the engineering, which is strong, and what the company does with your data, which the rest of this page covers reassuringly. Our parent guide to connecting your accounts compares the other major aggregators. Get started with Truthifi

How does Yodlee protect data? (is Yodlee secure?)

Yodlee encrypts data in transit and at rest and describes its security controls in its own published disclosures. At supporting institutions it uses OAuth or token-based connections, so you sign in on your bank's own site rather than typing credentials into the app, and the app gets a token instead of your password. How it uses data is covered next, and the short version is reassuring.

Yodlee's privacy disclosures describe its controls in its own words.

Where Truthifi fits: Truthifi's access to your bank and brokerage accounts is read-only. Your AI assistant can't move money, place trades or change anything in those accounts. A few Truthifi tools do change data inside Truthifi: adding or deleting assets you track by hand, and refreshing your data on demand. You sign in to your bank or broker through Truthifi's connection partner (Plaid, Yodlee or ByAllAccounts), not through Truthifi, and Truthifi never sees or stores your bank username or password. Learn how Truthifi keeps your accounts secure

Does Yodlee sell my data?

No. Yodlee states that it does not sell any data that identifies you. Like many aggregators, it has described providing de-identified, aggregated transaction data for research, with personal identifiers removed. Questions raised about that practice years ago were examined in federal court. A court granted Yodlee summary judgment on most claims in February 2025; one remaining privacy claim was resolved by settlement, and the case was closed in 2025 with no finding of liability against Yodlee.

That case (Clark v. Yodlee, filed as Wesch v. Yodlee, N.D. Cal.) centered on de-identified data and on how bank-login credentials were stored, not on any sale of data that identifies you.

The outcome was favorable to Yodlee: a federal court denied class certification in 2024 and granted summary judgment on most claims in February 2025. The one remaining claim was resolved by agreement, and the case was closed in 2025 with no court finding of liability (Inside Class Actions, 2025).

As with any aggregator, it's always worth reading Yodlee's disclosures and the connecting app's privacy policy before you link. Yodlee's record since 1999 and its FastLink flow are real strengths; its data practices were examined in a class action that ended with no finding of liability. Truthifi doesn't sell your personal information.

How to stay in control (revoke / delete)

Wondering how to remove Yodlee? Revoke access in the app you connected through and in your bank's connected-apps settings, since Yodlee usually has no consumer-wide portal. Revoking stops future access but doesn't delete data already collected, so also ask the app, and Yodlee through its privacy channel, to erase it.

The same control matters if you want to connect accounts to AI safely through Truthifi. Unless you narrow it, your AI assistant can see all the accounts you've linked in Truthifi. To limit which accounts an assistant sees, select it under Settings → Sharing, and revoke it any time under Connections → Agents → ⋯ → Revoke.

See your own Yodlee-linked accounts in one view: Start a free Truthifi checkup → (limits apply).

What Truthifi adds on top of Yodlee

Yodlee carries your account data between your bank or broker and the apps you use. Once you connect through Yodlee, Truthifi is the layer on top that cleans up and organizes what each institution sends. Say Yodlee sends the same holding from two different institutions, each labeled a little differently. Truthifi matches them as one security and labels reinvested dividends correctly, so you and your AI assistant work from consistent numbers.

Truthifi monitors $6B+ in assets across connected accounts, including those linked through Plaid, Yodlee and ByAllAccounts. It's a useful scale check: Yodlee moves the data, but Truthifi is what turns that volume into one reconciled, checkable picture.

Yodlee is one of three networks behind Truthifi; together with Plaid and ByAllAccounts, it reaches 18,000+ financial institutions. Before you link through Yodlee, check your bank or broker's status at truthifi.com/connections. If you'd like to compare options, remember that switching aggregators changes the connection, not what the app on the other end does with your data. That app's privacy policy is the part to compare.

Ask your own AI assistant about your accounts

Every current consumer plan, free ones included, includes Truthifi's MCP server. MCP (Model Context Protocol) is an open standard that allows AI assistants to connect to outside tools and data. From the assistant's own connector menu, connect something like Claude (step-by-step guide), then sign in to Truthifi and choose Authorize. There's no API key to enter, even with Yodlee-sourced data, and you don't need spreadsheets or code.

Then ask: "Which of my accounts costs me the most in fees?" You see the fees on each account, by type. Getting that answer in your own AI assistant requires Connect Max, Monitoring or Monitoring Plus+. Questions about your returns next to a benchmark, or your exposure to single stocks including what you hold through funds, need the same plans in your own AI assistant. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

Curious what your own Yodlee-linked numbers show? Connect free and run your checkup → (Free Checkup is free, limits apply.)

One picture for investors, advisors and firms

That same cleaned-up view breaks your money down by asset class, sector, industry and country. We refresh your data automatically once a day, when the connection to your bank or broker is working.

An investor sees fees, performance and the Truthifi Score in one place. Working with an advisor or firm? You choose which accounts to share; your advisor sees exactly what you've chosen, and you can stop sharing at any time. Learn how Truthifi keeps your accounts secure

There are no commissions, no ads and no advice. Monitoring is $79.99 a year. Monitoring and Monitoring Plus+ also include the built-in Truthifi AI agent. → How Truthifi Connect works

Start free at app.truthifi.com/register (limits apply) and run a Free Checkup of your Yodlee-linked accounts.

Truthifi for financial advisors

Clients can also be sponsored by their advisors and firms. When a client is sponsored, their Truthifi plan is free, covered by the advisor or firm. Everything a client chooses to share is visible to you, and they can stop sharing whenever they like. A short demo walks through how advisor sponsorship and client data sharing work in Truthifi.

→ Truthifi for Advisors · Request a demo

Frequently asked questions

Is Yodlee legit?

Yes. Yodlee (formerly Envestnet | Yodlee), founded in 1999, is an established, enterprise-grade data aggregator used behind many regulated banking and wealth apps. It encrypts data in transit and at rest and uses OAuth or token-based connections at supporting institutions, so you sign in on your bank's own site. Its de-identified data practices were examined in court and resolved in its favor in 2025, with no finding of liability, though one claim about credential storage was separately settled.

Does Yodlee sell my data?

No. Yodlee says it does not sell data that identifies you. Like many aggregators it provides de-identified, aggregated data for research, with personal identifiers removed. Questions raised about that practice were examined in federal court, where Yodlee won summary judgment on most claims in 2025 and the matter was resolved and closed that year with no finding of liability. Yodlee's privacy disclosures and the connecting app's privacy policy are the places to confirm the current details before you link.

Is Yodlee secure from hacking?

Yodlee's engineering is strong here: it encrypts data in transit and at rest, describes its security controls in its published disclosures, and supports OAuth or token-based connections at many banks. Check its current disclosures before you link, as you would with any aggregator.

Is Yodlee safe to use with my bank login?

At supporting institutions Yodlee uses OAuth/token-based connections, so you authenticate on your bank's own site and the app receives a token rather than your raw password. No court has found Yodlee liable, and its connection practices have not been the subject of an adverse finding.

How do I remove or delete Yodlee?

To remove or delete Yodlee, revoke access through the app you connected with and through your bank's connected-apps settings, since Yodlee usually has no consumer-wide portal of its own. Revoking stops future access, but disconnecting isn't deletion. Ask the connecting app, and Yodlee through its privacy channel, to erase data already collected.

1. Revoke in the app you connected through. Revoke Yodlee access in the app or service where you authorized the connection; Yodlee usually has no consumer-wide portal of its own.

2. Revoke in your bank's settings. Also revoke third-party access in your bank's connected-apps settings.

3. Request deletion. Revoking stops future access but is not deletion; ask the connecting app, and Yodlee through its privacy channel, to erase data already collected.

Why use Truthifi and Yodlee together?

Because they do different jobs. Yodlee securely connects your accounts and moves the data, while Truthifi cleans and reconciles that data into one household-level picture, refreshes it automatically once a day when the connection is working, and lets you connect your own AI assistant to it. You aren't choosing between them: Truthifi connects through Plaid, Yodlee and ByAllAccounts, so Yodlee is part of how Truthifi already works. Our guide to how Truthifi Connect works covers the connection side in more detail.

Does Truthifi reach accounts Yodlee doesn't?

Truthifi isn't limited to Yodlee. It also connects through Plaid and ByAllAccounts, and together they let it reach 18,000+ financial institutions. Once linked, your accounts sit in one Truthifi view that's checked for fees, concentration and other issues. Check your institution's status at truthifi.com/connections before you link it. As a good habit with any app, it's worth skimming its privacy policy before you link, so you know what it does with your data. As more banks adopt token-based connections, the connection itself is increasingly a solved problem, and the connecting app's own data policy is the useful thing to read.

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About the author

Truthifi Bot drafts these guides from Truthifi's data and public sources. Every page is reviewed by the Truthifi Team before publishing.

Reviewed by the Truthifi Team

Read next from the Truthifi blog

• How Truthifi Connect works: the read-only, credential-free way to put your accounts to work

• Connect Truthifi to your AI agent: read-only and revocable

• Is it safe to connect your bank accounts?: the parent guide (Plaid, Yodlee, Finicity, MX, ByAllAccounts)

• Is Plaid safe? · Is Finicity safe?: the other major aggregators

• Check your institution's connection status · Truthifi for Advisors

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Sources on Yodlee: Yodlee privacy disclosures (yodlee.com); the consumer privacy case (Clark v. Yodlee, filed as Wesch v. Yodlee, N.D. Cal., 3:20-cv-05991), in which Yodlee won summary judgment on most claims (2025) and the remaining claim was resolved by agreement, closing the case in 2025 with no finding of liability; Envestnet's September 2025 announcement completing the sale of Yodlee to STG. This is general information, not legal or financial advice. Verify against Yodlee's current policies before deciding. Questions: support@truthifi.com.

Yodlee and Envestnet | Yodlee are trademarks of their respective owners. This is independent editorial content, not endorsed or sponsored by Yodlee or Envestnet. Truthifi does connect through Yodlee as one of its data connection partners, as described above, but that integration gives Yodlee no editorial role in this page; the names are used nominatively for identification and commentary only.

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