Privacy Policy

Who we are

PocketMoney ("we", "us", "our") provides an AI assistant you message to manage money, on your own or between people. This policy explains what we collect, how we use it, how we protect it, and the choices you have.

What we collect

• Account and early-access details you give us: your name, email, and, if you join the text-message program, your phone number.
• Messages and entries: the messages you send to PocketMoney and the things you create, such as budgets, goals, and shared expenses.
• Financial data, only if you connect an account: your financial data is accessed through Plaid, a regulated third-party provider. We receive read-only access to the information needed to power the features you ask for, such as your balance to answer an affordability question. We cannot move money. We never see or store your bank login credentials; those stay with Plaid and your bank. This data is private to you and is never shown to anyone you share costs with.
• Usage and analytics data: basic technical information such as device type, app version, and in-app events, for example that the app was opened. We track events, not the content of your financial conversations or your bank data. We do not record your screen and we do not capture what you type.

How your messages are processed

PocketMoney is an AI assistant, so the messages you send are processed by a third-party AI provider (OpenAI) in order to generate a reply. That means the content of your messages, including any financial details you mention, is sent to that provider to produce the response. We do not use your financial conversations, balances, or personal data to train AI models, and our providers are contractually restricted from doing so on our behalf. All of the money math, splits, balances, and limits, is calculated by our own code, not generated by the AI.

How we use it

• To provide the service: answer your messages, check affordability, split shared costs, track goals, send reminders, and keep your records.
• To contact you about early access and important updates.
• To improve the product: understand which features are used and where people run into problems, using event analytics.

We use your information only for the purposes above. We do not use it for advertising.

The privacy wall

PocketMoney is designed so each person only sees what is meant for them. When you coordinate a shared cost, the others involved see the status of that shared cost, not your income, your balances, or your individual spending. Your private conversations and amounts stay in your own thread and are never shown to anyone you share money with.

What we do not do

• We do not sell your personal data.
• We do not show your private finances to the people you share money with.
• We do not use your data for advertising.
• We do not use your financial conversations to train AI models.
• Mobile information and SMS opt-in consent are never shared with third parties or used for their marketing.

Sharing with providers

We rely on a small number of providers to run PocketMoney. They process data only on our instructions and under appropriate safeguards:

• Plaid — bank connectivity, only if you choose to connect an account.
• OpenAI — generating the assistant's replies from your messages, as described above.
• Stripe — subscription payments. Payments are completed on our website and card details go to Stripe, never to us.
• Render and Turso — hosting and database.
• Resend — sending login codes and notification emails.
• PostHog — product analytics, limited to events such as app opens.

We do not sell or rent your data to anyone.

How we protect your data

• Data is encrypted in transit and at rest.
• Access to personal and financial data is limited to what is needed to run the service.
• We never receive or store your bank login credentials.

No system is perfectly secure, but we protect your information using industry-standard practices.

How long we keep your data

We keep your information for as long as your account is active. If you delete your account or ask us to delete your data, we will delete it within a reasonable period, except where we are required to keep certain records to comply with the law.

Your choices and rights

You can delete your account at any time from inside the app, under Settings. Deleting your account removes your profile, groups, expenses, balances, and chat history, and disconnects any linked bank. You can also email us to access, correct, or delete your data and we will help.

Depending on where you live, you may have additional rights:

• California residents (CCPA): you have the right to know what personal information we collect, to request its deletion, and to not be discriminated against for exercising these rights. We do not sell personal information.
• Other US states: where your state's law gives you additional rights over your data, we honor them.

To disconnect a bank account, remove the connection in Settings at any time; you can also revoke access through Plaid directly.

Children

PocketMoney is not intended for anyone under 18, and we do not knowingly collect data from children. If you believe a minor has provided us information, contact us and we will delete it.

Changes to this policy

We may update this policy as PocketMoney grows. If we make material changes, we will let you know through the app or by email, and we will update the date at the top.

Contact

Questions about privacy, or want to exercise your rights? Reach us at seratmahmudsaad@gmail.com or subhamostafiz@gmail.com.