Data Privacy
Data privacy, also called "information privacy," is about the proper use, collection, retention, and deletion of your data. Click here to read an IBM article which discusses it in detail.
Data Use
Like every business we have to cover our costs. In order to attract customers, the initial service is provided free of charge. This is to ensure we will have a happy customer.
Putting your transactions into a cash flow table and then thinking about your finances is not for everyone. Some people are happy to throw their money away.
The highly secure storage and highly available services we provide are not cheap for us to purchase, so need to earn money. As we feel we have a great product, we want to earn money by subscription rather than selling your data.
If you subscribe we will not sell your data.
Data Collection
PI data, or personal information data, is any information that can be used to identify, contact, or locate an individual.
The only PI data that we collect is the email address you use to recover your account.
Bank statement data not required by the app is discarded and not collected. We only collect data that is required by the app.
Data Retention
If you wish to see how much of your data is stored you can look at the page "Steps to check your cash flow using this app". It will list out the data you have stored in this app.
Data Deletion
One of the reasons the app is so easy to use, is that we can upload your bank transactions file as provided by your bank. Using you bank transactions enables you to have a very accurate view of your finances as your source of data is very accurate.
Your transaction data can be deleted at any time by you pressing the “Remove All Transactions” button in the "Load Transactions" screen.
We have implemented this so that if you don’t feel confident leaving your data on the cloud you can easily remove it, and then reload it when you want to use the app again.
Sensitive Data
The only sensitive data that may be in your bank transaction file is your bank account number.
Account Numbers CAN be used maliciously, (click here to find out more) so most banks will replace your account number with an Account Identifier in your downloadable transaction file.
The Account Identifier will resemble your Account Number so that you can identify it. For example if your Account Number is 12345678, your bank might replace this with an Account Identifier ****5678 in your downloadable transaction file.
Within our app, all Account Identifiers are encrypted during the data transfer. This is to make sure that we don't store any vulnerable data within our app. We use SHA-256 encryption to encrypt the account identifiers. SHA-256 can not be decrypted, so even if there was a data breach your account ID’s are safe. click here to find out more
To prove this point, here is my encrypted account number e46064f49b11c2d34d04dde6fa244b14db7648bd0760ef87b19a6e062fd8d23b
As the app is built to handle multiple bank accounts, we use the account identifier to identify your different accounts. If you are still concerned, you can replace the Account Identifier in the source file before uploading it to the app, and everything will work just fine.