Enrich and categorize bank transactions using Plaid Enrich to add merchant metadata and PFC v2 taxonomy

domain: plaid.com/docs · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. POST /transactions/enrich with a client_transaction_id list and the raw transaction fields: description, amount, iso_currency_code, and optionally account_type (depository, credit, etc.)
  2. Receive enriched transactions each containing a merchant object (name, website, logo), a personal_finance_category object with primary, detailed, and confidence_level fields, and a payment_channel field
  3. Map the personal_finance_category.detailed value to your internal chart of accounts using the PFC v2 taxonomy CSV published by Plaid; build a lookup table indexed on the detailed code
  4. Store the enriched merchant_name and category alongside your raw transaction data; use the confidence_level field to route low-confidence categorizations to a manual review queue
  5. For recurring transaction detection, group by merchant_name and look for regular intervals in the transaction dates; flag subscription candidates for further review
  6. Re-enrich older transactions when Plaid releases taxonomy updates by batching them through POST /transactions/enrich again — the endpoint accepts up to 100 transactions per call

Known gotchas

Related routes

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