This release is from July 7, 2025. The rates and terms it describes applied on that date and may have changed since. Current rates and terms are at tellusapp.com.
MOUNTAIN VIEW, Calif., July 7, 2025 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched Plaid Layer in the Tellus app. Customers who have already linked a bank with Plaid in another app, and chose to save it with Plaid, can now link that bank account to Tellus in fewer steps.
Many people have already connected their bank to other financial apps through Plaid. Until now, they had to repeat the full bank search and sign-in when they joined Tellus. Plaid Layer recognizes these customers and shows the accounts they have already saved, so linking a bank becomes a quick confirmation instead of a fresh setup.
What customers get:
- Fewer steps. Eligible customers pick from bank accounts they have already saved with Plaid instead of searching for their bank and signing in again.
- Recognized by phone number. Plaid uses the customer’s phone number to check whether they have saved details it can offer.
- Room to choose a different bank. Inside the Plaid Layer flow, customers can add a different bank if the one they want is not listed.
- No change for everyone else. Customers who are not eligible for Plaid Layer go straight to the standard Plaid bank-linking flow, with no extra steps.
- Micro-deposits still available. If a customer leaves the Plaid Layer flow without linking, they can verify their bank with micro-deposits instead.
How it works:
- At the “Link bank account” step, Tellus checks with Plaid whether the customer is eligible for Plaid Layer.
- If they are, Plaid shows the bank accounts they have saved with Plaid.
- The customer confirms the account to link and returns to Tellus, ready to deposit.
- If they are not eligible, the standard Plaid flow opens automatically.
Plaid Layer is available to eligible customers. Eligibility is set by Plaid, based on whether a customer has saved their details with Plaid before.
The Tellus app is available on the App Store and Google Play.
About Tellus
Tellus App, Inc. is a proptech company headquartered in Silicon Valley. The Tellus savings app helps people save with cash accounts powered by real estate, and gives independent landlords property management software.
Tellus is not a bank. Tellus is not FDIC-insured. The Boost Account, Reserve Account, Stacks and Vaults are not deposit accounts and are not FDIC-insured.
Rewards on Tellus’s non-deposit accounts vary and are determined by each customer’s actions and choices in the app.
See www.TellusApp.com for full terms and conditions.
Media contact: press@tellusapp.com
