Privacy Policy

Effective Date: May 1, 2025

General statement

pennysave.ai ("we", "us", "our") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our website application ("Service"). Please read this Privacy Policy carefully. If you do not agree with the terms of this Privacy Policy, please do not use the Service.

Our Mission

Our mission is to help you with your finances by giving you insights and recommendations based on your financial data. Combining the both AI and finance worlds we believe we can make smart finance simple.

Information We Collect

We may collect and process the following types of information:

Personal Information: Name, Username, Email address, password, and other authentication details.
Financial Information: Bank account details, transaction history and other financial data.
Usage Data: browser type, access time and pages viewed.
Cookies and Tracking Technologies Cookies: Small data files stored on your device to enhance user experience.

How We Use Your Information

We use the information we collect for various purposes, including the following:

To create and manage your account and provide customer support.
To analyze usage patterns, improve features, and develop new services.
To send you updates, reports and other information related to your account.
To connect your depersonalized data with AI models.

Security

We take reasonable measures to protect your information from unauthorized access, use, or disclosure. However, no method of transmission over the internet or electronic storage is completely secure, and we cannot guarantee absolute security. We implement appropriate technical and organizational measures to safeguard the security of your personal data, including sensitive data that you may choose to share within the Services. These measures may include:

Encryption: We employ encryption technologies to protect your data both in transit and at rest.
Access Controls: We implement strict access controls to limit who can access your data.
Data Minimization: We collect and retain only the minimum necessary personal data required to provide the Services.

How We Share Your Information

We do not sell or share your personal data with third parties for their marketing purposes. We may share your information with third parties in the following circumstances:

Legal Requirements: We may disclose your information if required by law or in response to legal processes, such as a court order or subpoena.
Business Transfers: In the event of a merger, acquisition, or sale of assets, your information may be transferred to the new owner.

Data Retention

We store your personal data for as long as you have an account with us. You can request the deletion of your personal data at any time by emailing support@pennysave.ai

Your Rights (GDPR)

Under the GDPR, you have the following rights:

Access: You have the right to request a copy of your personal data.
Rectification: You have the right to correct inaccurate or incomplete personal data.
Erasure: You have the right to request the deletion of your personal data.
Restriction of Processing: You have the right to restrict the processing of your personal data in certain circumstances.
Data Portability: You have the right to receive your personal data in a structured, commonly used, and machine-readable format.
Object: You have the right to object to the processing of your personal data in certain circumstances. To exercise any of these rights, please contact us at support@pennysave.ai

Children’s Privacy

The Services are not intended for children under the age of 13. We do not knowingly collect personal information from children under 13.

Changes to This Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on the Services. You are advised to review this Privacy Policy periodically for any changes.