diff --git a/ios/Podfile.lock b/ios/Podfile.lock
index 7f1ca6b3290c..bfd562963324 100644
--- a/ios/Podfile.lock
+++ b/ios/Podfile.lock
@@ -256,7 +256,7 @@ PODS:
     - Onfido (~> 28.3.0)
     - React
   - OpenSSL-Universal (1.1.1100)
-  - Plaid (4.1.0)
+  - Plaid (4.7.0)
   - PromisesObjC (2.2.0)
   - RCT-Folly (2021.07.22.00):
     - boost
@@ -589,8 +589,8 @@ PODS:
     - React-Core
   - react-native-performance (5.1.0):
     - React-Core
-  - react-native-plaid-link-sdk (10.0.0):
-    - Plaid (~> 4.1.0)
+  - react-native-plaid-link-sdk (10.8.0):
+    - Plaid (~> 4.7.0)
     - React-Core
   - react-native-quick-sqlite (8.0.0-beta.2):
     - React
@@ -1212,7 +1212,7 @@ SPEC CHECKSUMS:
   Onfido: c7d010d9793790d44a07799d9be25aa8e3814ee7
   onfido-react-native-sdk: b346a620af5669f9fecb6dc3052314a35a94ad9f
   OpenSSL-Universal: ebc357f1e6bc71fa463ccb2fe676756aff50e88c
-  Plaid: 7d340abeadb46c7aa1a91f896c5b22395a31fcf2
+  Plaid: 431ef9be5314a1345efb451bc5e6b067bfb3b4c6
   PromisesObjC: 09985d6d70fbe7878040aa746d78236e6946d2ef
   RCT-Folly: 424b8c9a7a0b9ab2886ffe9c3b041ef628fd4fb1
   RCTRequired: c0569ecc035894e4a68baecb30fe6a7ea6e399f9
@@ -1243,7 +1243,7 @@ SPEC CHECKSUMS:
   react-native-pager-view: 0ccb8bf60e2ebd38b1f3669fa3650ecce81db2df
   react-native-pdf: b4ca3d37a9a86d9165287741c8b2ef4d8940c00e
   react-native-performance: cef2b618d47b277fb5c3280b81a3aad1e72f2886
-  react-native-plaid-link-sdk: 9eb0f71dad94b3bdde649c7a384cba93024af46c
+  react-native-plaid-link-sdk: df1618a85a615d62ff34e34b76abb7a56497fbc1
   react-native-quick-sqlite: bcc7a7a250a40222f18913a97cd356bf82d0a6c4
   react-native-render-html: 96c979fe7452a0a41559685d2f83b12b93edac8c
   react-native-safe-area-context: 99b24a0c5acd0d5dcac2b1a7f18c49ea317be99a
diff --git a/package-lock.json b/package-lock.json
index d532c0d3e9b2..32271f8dc743 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -98,7 +98,7 @@
         "react-native-performance": "^5.1.0",
         "react-native-permissions": "^3.9.3",
         "react-native-picker-select": "git+https://github.com/Expensify/react-native-picker-select.git#eae05855286dc699954415cc1d629bfd8e8e47e2",
-        "react-native-plaid-link-sdk": "^10.0.0",
+        "react-native-plaid-link-sdk": "10.8.0",
         "react-native-qrcode-svg": "^6.2.0",
         "react-native-quick-sqlite": "^8.0.0-beta.2",
         "react-native-reanimated": "3.5.4",
@@ -44535,8 +44535,12 @@
       }
     },
     "node_modules/react-native-plaid-link-sdk": {
-      "version": "10.0.0",
-      "license": "MIT",
+      "version": "10.8.0",
+      "resolved": "https://registry.npmjs.org/react-native-plaid-link-sdk/-/react-native-plaid-link-sdk-10.8.0.tgz",
+      "integrity": "sha512-rhyI19SZdwKCsHtkJ0ZOCD/r0vNLS1vqUAS3HPPa97IIN6nS2ln9krLA7lFfMKtWxY5Z5d73SqTmqhd1qqdNuA==",
+      "dependencies": {
+        "react-native-plaid-link-sdk": "^10.4.0"
+      },
       "peerDependencies": {
         "react": "*",
         "react-native": ">=0.66.0"
@@ -84873,8 +84877,12 @@
       }
     },
     "react-native-plaid-link-sdk": {
-      "version": "10.0.0",
-      "requires": {}
+      "version": "10.8.0",
+      "resolved": "https://registry.npmjs.org/react-native-plaid-link-sdk/-/react-native-plaid-link-sdk-10.8.0.tgz",
+      "integrity": "sha512-rhyI19SZdwKCsHtkJ0ZOCD/r0vNLS1vqUAS3HPPa97IIN6nS2ln9krLA7lFfMKtWxY5Z5d73SqTmqhd1qqdNuA==",
+      "requires": {
+        "react-native-plaid-link-sdk": "^10.4.0"
+      }
     },
     "react-native-qrcode-svg": {
       "version": "6.2.0",
diff --git a/package.json b/package.json
index 204784c14db1..7da3658e67b6 100644
--- a/package.json
+++ b/package.json
@@ -145,7 +145,7 @@
     "react-native-performance": "^5.1.0",
     "react-native-permissions": "^3.9.3",
     "react-native-picker-select": "git+https://github.com/Expensify/react-native-picker-select.git#eae05855286dc699954415cc1d629bfd8e8e47e2",
-    "react-native-plaid-link-sdk": "^10.0.0",
+    "react-native-plaid-link-sdk": "10.8.0",
     "react-native-qrcode-svg": "^6.2.0",
     "react-native-quick-sqlite": "^8.0.0-beta.2",
     "react-native-reanimated": "3.5.4",
diff --git a/src/components/PlaidLink/index.native.tsx b/src/components/PlaidLink/index.native.tsx
index 02d4669bc861..c46a9df2076e 100644
--- a/src/components/PlaidLink/index.native.tsx
+++ b/src/components/PlaidLink/index.native.tsx
@@ -1,11 +1,10 @@
 import {useEffect} from 'react';
-import {dismissLink, LinkEvent, openLink, useDeepLinkRedirector, usePlaidEmitter} from 'react-native-plaid-link-sdk';
+import {dismissLink, LinkEvent, openLink, usePlaidEmitter} from 'react-native-plaid-link-sdk';
 import Log from '@libs/Log';
 import CONST from '@src/CONST';
 import PlaidLinkProps from './types';
 
 function PlaidLink({token, onSuccess = () => {}, onExit = () => {}, onEvent}: PlaidLinkProps) {
-    useDeepLinkRedirector();
     usePlaidEmitter((event: LinkEvent) => {
         Log.info('[PlaidLink] Handled Plaid Event: ', false, {...event});
         onEvent(event.eventName, event.metadata);