Privacy Policy

Privacy Policy for Fund Wise

Effective Date: July 5, 2025
Last Updated: July 5, 2025

Introduction

Fund Wise ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how our expense tracking mobile application ("App") collects, uses, and protects your information when you use our services.

Information We Collect

Data Stored Locally on Your Device

Fund Wise is designed with privacy in mind. All your expense data is stored locally on your device using secure local storage mechanisms. We collect and store the following information locally on your device:

  • Expense Records:
    • Expense titles and descriptions
    • Expense amounts
    • Expense categories (Food, Transportation, Entertainment, Shopping, Bills, Healthcare, Education, Other)
    • Date and time of expense entries

Data We Do NOT Collect

Fund Wise does NOT collect, transmit, or store any of your personal information on external servers. Specifically, we do not collect:

  • Personal identification information (name, email, phone number)
  • Financial account information (bank accounts, credit cards)
  • Location data
  • Device identifiers beyond what's necessary for local storage
  • Usage analytics or tracking data
  • Any data that could personally identify you

How We Use Your Information

The expense data you enter into Fund Wise is used solely for the following purposes:

  1. Expense Tracking: To display your expense history and calculate totals
  2. Local Storage: To save your data on your device for future app sessions
  3. App Functionality: To provide categorization, filtering, and expense management features

Data Storage and Security

Local Storage Only

  • All your expense data is stored exclusively on your device using Flutter's SharedPreferences
  • No data is transmitted to external servers or third-party services
  • Your data remains under your complete control

Security Measures

  • Data is stored using secure local storage mechanisms provided by your device's operating system
  • The app follows industry-standard security practices for local data protection
  • No network connections are made for data storage or retrieval

Data Sharing and Disclosure

Fund Wise does NOT share, sell, trade, or otherwise transfer your personal information to third parties. Since all data is stored locally on your device:

  • We have no access to your expense data
  • No data is transmitted over the internet
  • No third-party services have access to your information
  • No advertising networks receive your data

Your Data Rights

You have complete control over your data:

Access and Control

  • You can view all your expense data within the app at any time
  • You can add, edit, or delete expense entries as needed
  • You can uninstall the app to remove all stored data

Data Portability

  • Your data is stored in a standard format on your device
  • Currently, the app stores data locally without export functionality
  • Future versions may include data export features

Data Deletion

  • You can delete individual expense entries through the app interface
  • Uninstalling the app will remove all stored expense data from your device
  • There is no server-side data to delete since we don't store data externally

Third-Party Services

Fund Wise operates independently and does not integrate with third-party services for data collection or analytics. The app uses:

  • Flutter Framework: For app development (Google's open-source UI toolkit)
  • SharedPreferences: For local data storage on your device
  • Standard Android/iOS APIs: For basic app functionality

None of these components transmit your expense data to external servers.

Children's Privacy

Fund Wise does not knowingly collect personal information from children under the age of 13. Since the app stores all data locally and doesn't collect personal information, it can be safely used by users of all ages under parental supervision.

Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. When we make changes:

  • We will update the "Last Updated" date at the top of this policy
  • For significant changes, we may provide additional notice through the app
  • Continued use of the app after changes constitutes acceptance of the updated policy

Contact Information

If you have any questions, concerns, or feedback about this Privacy Policy or our privacy practices, please contact us:

App Developer: Fund Wise Team
Contact Method: Through app store reviews or support channels
Response Time: We aim to respond to privacy inquiries within 48 hours

Regulatory Compliance

This Privacy Policy is designed to comply with:

  • Google Play Store privacy requirements
  • Apple App Store privacy guidelines
  • General Data Protection Regulation (GDPR) principles
  • California Consumer Privacy Act (CCPA) requirements
  • Children's Online Privacy Protection Act (COPPA)

Data Protection Principles

Fund Wise follows these data protection principles:

  • Data Minimization: We only process data necessary for app functionality
  • Purpose Limitation: Data is used only for expense tracking purposes
  • Accuracy: Users control the accuracy of their own data
  • Storage Limitation: Data is stored only as long as the app remains installed
  • Security: Appropriate technical measures protect data integrity
  • Accountability: We are responsible for demonstrating compliance

Technical Details

Data Format

  • Expense data is stored in JSON format using Flutter's SharedPreferences
  • No encryption is applied beyond the device's standard security measures
  • Data structure includes: title, amount, category, and date fields

App Permissions

Fund Wise requests minimal permissions:

  • Storage: To save expense data locally on your device
  • No network permissions are requested or used
  • No location, camera, or other sensitive permissions are required

Transparency Report

As of the last update of this policy:

  • Total user data stored externally: 0 records
  • Data breaches reported: 0 incidents
  • Third-party data sharing agreements: 0 partnerships
  • Government data requests: 0 requests (none possible due to local-only storage)

By using Fund Wise, you acknowledge that you have read and understood this Privacy Policy and agree to its terms.

This privacy policy is effective as of July 5, 2025, and applies to all users of the Fund Wise mobile application.