Statement2Budget
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Privacy Policy

Last Updated: November 12, 2025

1. Introduction

Statement to Budget ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we handle your financial data when you use our AI-powered bank statement analysis service.

2. Data We Process

When you upload bank statements to our service, we temporarily process:

  • Bank statement files (CSV, PDF, Excel, OFX)

  • Transaction data (dates, amounts, descriptions, merchants)

  • Session identifiers for processing your requests

3. How We Use Your Data

Your data is used exclusively to:

  • Extract and analyze transactions from your statements

  • Categorize spending using AI

  • Generate budget reports and visualizations

  • Create downloadable Excel and PDF reports

4. Data Retention and Deletion

We do NOT permanently store your financial data. All uploaded files and processed data are:

  • Stored temporarily in secure cloud storage during your session

  • Automatically deleted after your session ends

  • Removed from our systems within 24 hours maximum

  • Not used to train AI models or for any other purposes

5. Data Security

We implement industry-standard security measures:

  • Encrypted data transmission (HTTPS/TLS)

  • Secure cloud storage with Firebase

  • Isolated processing sessions

  • No permanent storage of financial information

6. Third-Party Services

We use the following third-party services to provide our functionality:

  • Firebase (Google): For temporary file storage and data processing

  • Groq AI: For AI-powered transaction categorization

These services process your data only as necessary to provide the service and do not have access to permanently store your financial information.

7. Cookies and Tracking

We use minimal cookies and local storage only for:

  • Maintaining your session during analysis

  • Storing user preferences (e.g., theme)

We do not use cookies for advertising or tracking purposes.

8. Your Rights

You have the right to:

  • Access the data we process during your session

  • Request immediate deletion of your session data

  • Not provide any personal information (no registration required)

9. Children's Privacy

Our service is not intended for users under 18 years of age. We do not knowingly collect data from children.

10. Changes to This Policy

We may update this Privacy Policy from time to time. We will notify users of any material changes by updating the "Last Updated" date at the top of this policy.

11. Contact Us

If you have questions about this Privacy Policy or how we handle your data, please contact us through our Contact page.