BudgetIQ ("BudgetIQ", "we", "us", or "our") is a budgeting and financial-literacy app built for students. This Privacy Policy explains what information we collect, how we use it, and the choices you have. By using BudgetIQ or joining our waitlist, you agree to the practices described here.
1. Information We Collect
- Account information — such as your name, email address, and password when you create an account or join the waitlist.
- Financial data — when you connect a bank account through our Open Banking provider, we receive transaction history, balances, and account details to power budgeting features.
- Usage data — budgets you create, lessons you complete, streaks, and other activity within the app.
- Device & technical data — device type, operating system, app version, and basic diagnostics.
2. How We Use Your Information
- Provide, maintain, and improve the BudgetIQ app and its features.
- Generate budgeting insights, lessons, and personalized summaries.
- Communicate with you about updates, security, and support.
- Detect, prevent, and address fraud, abuse, or technical issues.
3. Open Banking & Financial Data
We use regulated third-party Open Banking providers to securely connect to your bank. We access financial data only with your explicit consent and use it solely to deliver the features you request. We never sell your financial data, and you can disconnect a linked account at any time.
4. How We Share Information
We do not sell your personal information. We share it only with service providers who help us operate the app (such as hosting, analytics, and Open Banking partners), and only as needed to provide the service. We may also disclose information if required by law or to protect the rights and safety of our users.
5. Data Security
We use industry-standard safeguards, including encryption in transit and at rest, to protect your information. No method of transmission or storage is completely secure, but we work to protect your data and continually review our practices.
6. Data Retention
We retain your information for as long as your account is active or as needed to provide the service. You may request deletion of your account and associated data at any time.
7. Your Rights
Depending on your location, you may have the right to access, correct, export, or delete your personal information, and to withdraw consent. To exercise these rights, contact us at the email below.
8. Children's Privacy
BudgetIQ is intended for students aged 13 and older. We do not knowingly collect personal information from children under 13. If you believe a child has provided us information, please contact us so we can remove it.
9. Changes to This Policy
We may update this Privacy Policy from time to time. We will post the updated version here and revise the "Last updated" date above.
10. Contact Us
Questions about this policy? Email us at info@budgetiq.org.