Bankr AI Privacy Policy
At Bankr AI, your privacy is our top priority. This Privacy Policy explains how we collect, use, and protect your information when you use our app.
1. Information We Collect
Personal Information:
When you sign up, we may collect your name, email address, and any other contact details you provide.
Financial Data:
To provide personalized financial advice, we securely connect to your bank account via Plaid. This connection allows us to access transaction data and spending patterns solely to generate tailored insights for you.
Usage Information:
We gather information about how you use our app (e.g., features accessed, frequency of use) to help improve our service.
We may use cookies or similar technologies on our website to enhance your user experience.
2. How We Use Your Information
Personalized Advice:
We use your financial and usage data to deliver customized financial insights, budgeting tips, and recommendations—much like having your own expert advisor.
Service Improvement:
Data collected helps us enhance our app, fix issues, and better understand your needs.
Communication:
We may use your contact details to send you updates, billing information, or important notices regarding your account.
Security and Fraud Prevention:
Your data is used to protect and secure your account, ensuring that only you can access your information.
3. Data Sharing and Disclosure
Third-Party Service Providers:
We share information only with trusted partners (e.g., Plaid) who assist us in providing our service. These partners are contractually bound to protect your data and use it only as necessary.
No Sale of Personal Data:
We do not sell, rent, or trade your personal or financial information with third parties.
Legal Requirements:
We may disclose your information if required by law or to protect our rights, your safety, or that of others.
4. Data Security
We use industry-standard security measures (such as encryption) to safeguard your data both in transit and at rest.
Our systems are regularly updated to protect against unauthorized access, alteration, or destruction of your information.
5. Data Retention
Your information is retained for as long as your account is active or as needed to provide you with our services.
Once your account is closed, we will securely delete your personal data unless a longer retention period is required by law.
6. Your Rights and Choices
Access and Update:
You can review and update your personal information at any time by accessing your account settings.
Opt-Out:
If you no longer wish to receive communications from us, you can opt-out via the provided links in our emails.
Data Deletion:
You may request the deletion of your data by contacting us. Note that some information may be retained as required by legal obligations.
7. International Data Transfers
Your data may be stored or processed on servers located outside your country. We ensure that such transfers are conducted in accordance with applicable data protection laws.
8. Changes to This Privacy Policy
We may update this Privacy Policy from time to time. When changes occur, we will notify you by posting the updated policy on our website and updating the effective date.
We encourage you to review this policy periodically to stay informed about how we protect your information.
9. Contact Us
If you have any questions or concerns about this Privacy Policy or our data practices, please contact us at:
privacy@bankr.ai
By using Bankr AI, you agree to the terms of this Privacy Policy. Thank you for trusting us with your financial journey.
Last Updated: 3/31/2025
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