Native Integration with Plaid: Bank Transaction Sync for Payment Reconciliation

Monk's native Plaid integration securely connects your bank accounts and syncs transactions for automated payment reconciliation. Match incoming payments to invoices without downloading CSV statements or manual data entry.

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How the Mercury + Monk Integration Powers AR and Cash Application For Fast Growing Companies

Direct API Connection: Connect your Mercury account with an API token—no third-party aggregators, no delayed syncs. Transactions flow directly from Mercury to Monk.

Automatic Transaction Sync: Transactions sync automatically. New incoming payments appear in Monk ready for reconciliation—no manual exports required.

AI-Powered Payment Matching: Monk's AI automatically matches incoming bank transactions to open invoices. Our agents identify the right invoice even when memo fields are messy.

Reconciliation Workflow: Review AI-suggested matches, create your own rulesets, and maintain audit-ready records linking payments to invoices.

What Makes Monk Different

Built for Startups Using Mercury: Mercury is the banking choice for modern startups—and Monk is built for the same audience. Native integration means your banking and AR workflows are unified from day one.

Intelligent Matching using Your Rules: Monk's AI handles the messy reality of B2B payments: misspelled company names, generic memo fields, and partial payments. Fuzzy matching finds the right invoice when rule-based systems fail.

Collections That Know Your Cash Position: When Mercury transactions match to invoices, collections automatically updates. Our agent stops chasing customers who've already paid, keeping your outreach professional and your team efficient.

Unified Payment View: Mercury transactions appear alongside Stripe payments, Plaid-synced accounts, and manual entries. One view of all incoming payments regardless of source.

Common Use Cases We Support

Startups using Mercury as their primary business bank
Finance teams reconciling ACH and wire payments to AR
High-growth companies automating payment matching as volume scales
Founders needing visibility into cash flow and AR status
B2B SaaS receiving payments directly to Mercury accounts

Answers to Questions You May Have

How do I connect Mercury to Monk?
Generate an API token in your Mercury dashboard, enter it in Monk's integration settings, and select which account to sync. Setup takes under 5 minutes.

How often do transactions sync?

Automatically multiple times per day. The reconciliation scheduler can also trigger historical syncs on request.

How does payment matching work?
Monk's AI analyzes transaction details and suggests invoice matches. You can review suggestions or enable auto-reconciliation.

Can I use Mercury alongside other banks?

Yes. Connect Mercury and Plaid-linked accounts together if you use multiple banks.

Is my Mercury data secure?
API tokens are encrypted at rest. Monk uses purpose-specific encryption for all banking credentials.