Effective Date: January 26, 2025
1. Introduction
WealthSpark AI ("WealthSpark," "we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our mobile application and related services.
By using WealthSpark, you agree to the collection and use of information in accordance with this policy.
2. Information We Collect
2.1 Information You Provide
- Account Information: Email address, name, and password when you create an account
- Profile Information: Financial goals, income range, risk tolerance, and other preferences you share during onboarding
- Communications: Messages you send to our AI financial coach (Spark)
2.2 Financial Information via Plaid
When you choose to link your bank accounts, we use Plaid Inc. ("Plaid") to securely connect to your financial institutions. Through Plaid, we may access:
- Account information (account name, type, and balance)
- Transaction history
- Account and routing numbers (for verification purposes only)
Important: We never receive or store your bank login credentials. Plaid handles all authentication directly with your financial institution. For more information, see Plaid's Privacy Policy.
2.3 Automatically Collected Information
- Device information (device type, operating system)
- Usage data (features used, time spent in app)
- Log data (error reports, performance data)
3. How We Use Your Information
We use your information to:
- Provide personalized financial coaching and insights
- Display your account balances and transactions
- Generate spending analysis and budgeting recommendations
- Deliver educational content tailored to your financial situation
- Calculate wealth projections and goal tracking
- Improve our services and develop new features
- Communicate with you about your account and updates
- Ensure security and prevent fraud
4. How We Protect Your Information
- Encryption: All data is encrypted in transit (TLS 1.2+) and at rest (AES-256)
- Secure Infrastructure: We use enterprise-grade cloud providers (Supabase) with SOC 2 Type II certification
- Access Controls: Strict access controls limit who can access your data
- No Credential Storage: We never store your bank login credentials
5. Information Sharing
We do not sell your personal information. We may share your information with:
- Plaid: To connect your bank accounts (see Plaid's Privacy Policy)
- Service Providers: Third parties that help us operate our services (cloud hosting, analytics)
- Legal Requirements: When required by law or to protect our rights
6. Your Rights and Choices
You have the right to:
- Access: Request a copy of your personal data
- Correction: Update or correct your information
- Deletion: Request deletion of your account and data
- Disconnect: Unlink your bank accounts at any time
- Opt-out: Unsubscribe from marketing communications
To exercise these rights, contact us at privacy@wealthsparkapp.com.
7. Data Retention
We retain your information for as long as your account is active. If you delete your account:
- Your personal data will be deleted within 30 days
- Bank account connections will be immediately revoked
- Some data may be retained as required by law
8. Children's Privacy
WealthSpark is not intended for users under 18 years of age. We do not knowingly collect information from children under 18.
9. Changes to This Policy
We may update this Privacy Policy from time to time. We will notify you of significant changes through the app or via email. Your continued use of WealthSpark after changes indicates acceptance of the updated policy.
10. Contact Us
If you have questions about this Privacy Policy, contact us at:
Email: privacy@wealthsparkapp.com
Website: https://wealthsparkapp.com