Privacy Policy

Last updated: Jun 20, 2019

This policy was written to the best of our ability at the current stage of product development. It is subject to change at any time, and we will notify you about major changes via email.

1. What this policy covers
2. What does this policy not cover?
3. What information do you collect about me?
4. How will you use the data you collected about me?
5. Do you share my information with other organizations?
6. How long will you keep my information?
7. Who can I get in touch with if I want to access the data?
8. How do I opt out of data collection?
9. Does your website use cookies?

What this policy covers

This policy covers the data Lunch Money (“we”) collect about you (“user”), what we do with it, why we collect it, and how you can access it.

What does this policy not cover?

This policy does not cover what third party services we use do with your data. However, we can be completely transparent about these third-party services and link you to their privacy policies. We employ the services of trusted companies to handle transactions and actions that are outside the expertise of the team at Lunch Money. Examples of third-party services we use and the reasons are:

• Stripe (Privacy Policy) - collect billing information and process payments
• Sendgrid (Privacy Policy) - email communication and mailing list management
• Plaid (Privacy Policy) - connect to your banks
• Mixpanel (Privacy Policy) - user analytics
• Sentry (Privacy Policy) - error tracking and debugging

What information do you collect about me?

Information you provide us

• Account information: When you sign up, you provide us with your name, email address and your primary currency.
• Collaborators: You have the option to invite someone to be a collaborator on your budget. In this case, you provide us with their email address. In the same case, you may be invited to collaborate on an existing user’s budget and we will store your email address for reference.
• Financial details: You may provide us with details about your spending, such as merchant names, cost, and descriptions on the transaction itself.
• Billing details: You may provide us with your billing details. This information never goes through our server and we do not store it; we send this directly and securely to a trusted third-party service listed above to process the data for us.

Information collected via technology

• Financial Information: When you authorize a link to your bank via Lunch Money, we are able to pull information about your accounts, transactions and balances. We do not store your personal bank credentials anywhere on our server. We only have read-only access to your account, meaning we are not able to change anything.
• Usage Data: As you use Lunch Money, we have analytics engines running which will collect information about how you are using the site and information about your device, browser, and IP address. We do not send any personal identifiable information to these analytics engine, meaning they will not be able to connect your data to your name or email address.
• Tracking Pixels: We will periodically send you emails as you engage with our product. These emails contain a tracking pixel which will let us know if you have opened the email. We use this information to analyze how our users are responding to our communication efforts and to ultimately improve the service for you.

How will you use the data you collected about me?

In general, we collect information about you in order to operate our product and provide you the services outlined throughout the site. Most notably, the financial data we collect from you, either directly from you or from a third-party source, is used to provide you with information about your spending habits. This includes, but is not limited to:

• analyzing your transactions to figure out which ones are recurring expenses,
• analyzing your transactions to figure out which recurring expenses have or have not occurred in a given month,
• analyzing your inputted budget and transactions to figure out if you are over or under budget in a given month,
• analyzing your spending based on categories that you set,
• listing out your financial accounts and information about them including balances, limits, name, and type, and
• sending email invitations to people with whom you wish to collaborate.

We may also use your personal data to:

• debug or make improvements to the service,
• corroborate your usage details with other users in order to analyze general trends and habits of users for determining ways to continuously improve the product,
• provide customer service if you report a bug or issue,
• provide you with a report of your spending based on trends and habits,
• send you relevant information, such as confirmations, technical notices, updates, security alerts, support and administrative messages, and
• protect, investigate and deter against fraudulent, unauthorized or illegal activity.

Do you share my information with other organizations? Who else can see how I’ve been using Lunch Money?

We share selected information with the third-party services listed above, and strictly only for the necessary operations of the service. We do not share your information with other organizations for profit and we’re committed to never doing this. As such, you will never see ads on our platform.

How long will you keep my information?

We will keep your information until you explicitly tell us to remove everything we collected about you. You can do so by contacting us at [email protected].

Who can I get in touch with if I want to access the data?

You can access your financial data by using the product. If you would like an export of all the data we have on you, please contact us at [email protected].

How do I opt out of data collection?

We are committed to ensuring that all the data we collect about you is stored securely and is necessary to provide you with quality services. When you link your bank account with us, we do not collect more information than we need. Unfortunately, we cannot allow users to opt out of data collection other than the collection of financial information from your bank. To opt out of the collection of financial information, do not link your bank.

Does your website use cookies?

We use cookies to store your authorization token. This means that you can use our service without proving your username and password each time for authentication. We also use cookies to store your options for dismissing certain messages or dialog boxes.