diff --git a/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_connector.py b/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_connector.py
index 66d0e5f77d..5f990cdd03 100644
--- a/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_connector.py
+++ b/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_connector.py
@@ -20,7 +20,7 @@ class PlaidConnector():
 			client_id=self.settings.plaid_client_id,
 			secret=self.settings.get_password("plaid_secret"),
 			environment=self.settings.plaid_env,
-			api_version="2019-05-29"
+			api_version="2020-09-14"
 		)
 
 	def get_access_token(self, public_token):
@@ -29,7 +29,7 @@ class PlaidConnector():
 		response = self.client.Item.public_token.exchange(public_token)
 		access_token = response["access_token"]
 		return access_token
-	
+
 	def get_token_request(self, update_mode=False):
 		country_codes = ["US", "CA", "FR", "IE", "NL", "ES", "GB"] if self.settings.enable_european_access else ["US", "CA"]
 		args = {
diff --git a/requirements.txt b/requirements.txt
index 4511aa54d8..5a352364b6 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -3,7 +3,7 @@ frappe
 gocardless-pro==1.11.0
 googlemaps==3.1.1
 pandas>=1.0.5
-plaid-python==6.0.0
+plaid-python>=7.0.0
 pycountry==19.8.18
 PyGithub==1.44.1
 python-stdnum==1.12
@@ -12,4 +12,4 @@ taxjar==1.9.0
 tweepy==3.8.0
 Unidecode==1.1.1
 WooCommerce==2.1.1
-pycryptodome==3.9.8
\ No newline at end of file
+pycryptodome==3.9.8