Privacy Policy

Our No-BS Data Approach

At Banknaked, we're committed to the following principles:

• Your data belongs to you - We're just borrowing it to help you find hidden fees
• We never sell your personal data - Not to advertisers, not to banks, not to anyone
• Bank-level security always - Your financial data deserves nothing less
• Transparency in everything - No small print, no hidden traps

Last Updated: March 24, 2025

This Privacy Policy describes how Banknaked ("we," "us," or "our") collects, uses, and shares your personal information when you visit or use our website, mobile application, or services (collectively, the "Services").

By using our Services, you agree to the collection and use of information in accordance with this Privacy Policy. If you disagree with any part of this policy, please do not use our Services.

1. Information We Collect

1.1 Personal Information

We collect information that you provide directly to us, including:

• Account Information: Email address, password, and name
• Bank Connection Data: Information about your bank accounts, including account numbers, balances, and transaction history accessed through open banking APIs
• Communications: Information you provide when you contact us for support or communicate with us

1.2 Automatically Collected Information

When you use our Services, we automatically collect certain information about your device and usage, including:

• Device Information: IP address, browser type, device type, operating system, and mobile network information
• Usage Data: How you interact with our Services, pages viewed, features used, and actions taken
• Cookies and Similar Technologies: Information collected through cookies and similar tracking technologies

2. How We Use Your Information

We use your information for the following purposes:

• Provide Our Services: To identify banking fees, analyze your financial data, offer insights, and deliver the core functionality of Banknaked
• Improve Our Services: To develop new features, fix bugs, and enhance user experience
• Communicate With You: To send notifications, updates, and respond to your inquiries
• Security: To protect our Services and your account from unauthorized access or fraud
• Legal Compliance: To comply with applicable laws, regulations, and legal processes

3. How We Share Your Information

We do not sell your personal information. We may share your information in the following limited circumstances:

• Service Providers: With trusted third-party service providers who help us operate our business and deliver our Services (e.g., cloud hosting, analytics)
• With Your Consent: When you explicitly give us permission to share your information
• Legal Requirements: When required by law, regulation, or legal process
• Business Transfers: In connection with a merger, acquisition, or sale of all or a portion of our assets

We will NEVER share your banking credentials or passwords—we don't even have access to these.

4. Data Security

We implement appropriate security measures to protect your personal information, including:

• 256-bit encryption for all sensitive data
• Regular security audits and penetration testing
• Strict access controls for our team members
• Compliance with industry security standards

While we strive to protect your information, no method of transmission or storage is 100% secure. We cannot guarantee absolute security.

5. Your Rights and Choices

Depending on your location, you may have certain rights regarding your personal information:

• Access: Request a copy of your personal information
• Correction: Request that we correct inaccurate information
• Deletion: Request that we delete your personal information
• Restriction: Request that we limit how we use your information
• Data Portability: Request a copy of your information in a structured, machine-readable format

To exercise these rights, please contact us at privacy@banknaked.com.

6. Children's Privacy

Our Services are not intended for children under 18 years of age. We do not knowingly collect personal information from children. If you are a parent or guardian and believe we have collected information from your child, please contact us.

7. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new policy on this page and updating the "Last Updated" date. You are advised to review this Privacy Policy periodically for any changes.