Data Privacy
Our Business Model
Just like every business we have to cover our costs. The highly secure storage and highly available services we provide are not cheap, so need to earn money. We earn money by selling subscription rather than selling your data.
PI (Personal Information) Data
PI (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.
Data in your bank transaction file that is not required by the app is discarded and not collected. We only collect data that is required by the app.
Sensitive Data
The 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.
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.
How to Delete Your Transaction Data
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 your bank transactions enables you to have a very accurate view of your finances as your source of data is very accurate.
You can delete your transaction data 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. This will not affect the functionality of the app.
