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In this video, David explains how Otter's free basic plan used to allow transcription of longer files, but they have changed the limits. The free plan now includes recording and Zoom sync up to 600 minutes per month, with each transcription limited to 40 minutes. Importing is only available to premium and team plans, but basic plan users can get three trial imports. To transcribe more and longer files on Otter, users must upgrade to premium or teams, or refer people to Otter to receive a one-month premium pass with unlimited imports up to 600 minutes per month.