Monify AI Privacy Policy

Last Updated: January 28, 2026

1. Introduction

Welcome to Monify AI ("we," "our," or "us"). We are committed to protecting your privacy and personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our mobile application.

2. Information We Collect

2.1 Information You Provide

Account Information: Email address and password when you create an account
Financial Data: Transaction records, budgets, goals, and other financial information you enter
Profile Information: Name, profile picture, and preferences
Investment Data: Portfolio holdings and watchlist items you add

2.2 Information Collected Automatically

Device Information: Device type, operating system version
Usage Data: Features used, time spent in app (only if analytics opted-in)
Crash Reports: Technical data when the app experiences errors

2.3 Information NOT Collected

We do NOT access your bank accounts or financial institutions directly
We do NOT sell your personal data to third parties
We do NOT use your financial data for advertising purposes

3. How We Use Your Information

We use the information we collect to:

Provide and maintain the Monify AI service
Sync your data across devices (if you create an account)
Generate AI-powered insights about your finances
Send you notifications about budgets, bills, and goals (if enabled)
Improve our app and develop new features
Process in-app purchases and subscriptions

4. Data Storage and Security

Your financial data is stored securely using industry-standard encryption:

Local Storage: Data is protected by iOS system-level security on your device. Biometric authentication data is stored in iOS Secure Enclave.
Cloud Sync: If you create an account, data is synced to secure Firebase servers
Encryption: All data transmission uses TLS/SSL encryption
Authentication: Face ID/Touch ID available for additional security

5. Data Sharing

We may share your information in the following situations:

Shared Groups: When you create or join shared expense groups, group members can see shared transactions
Service Providers: We use Firebase (Google) for authentication and data storage, and Qonversion for subscription management
Legal Requirements: If required by law or to protect our rights

We do NOT sell your personal information to third parties.

6. Your Rights and Choices

You have the right to:

Access: View all your data within the app
Export: Generate financial reports in PDF format
Delete: Delete your account and all associated data at any time (Settings → Account → Delete Account)
Opt-out: Disable analytics in Settings

7. Children's Privacy

Monify AI is not intended for children under 13 years of age. We do not knowingly collect personal information from children under 13.

8. Third-Party Services

Our app integrates with:

Firebase: Authentication and cloud storage (Privacy Policy)
Apple Sign-In: Authentication (Privacy Policy)
Google Sign-In: Authentication (Privacy Policy)
Qonversion: Subscription management (Privacy Policy)
OpenAI (ChatGPT API): AI-powered financial insights and chat assistance. We share transaction descriptions, amounts, and your financial questions to provide AI responses. Your data is not used to train AI models. (Privacy Policy)
Yahoo Finance: Real-time stock quotes and market data. We share stock symbols from your investment portfolios. (Privacy Policy)

9. 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 this page and updating the "Last Updated" date.

10. Contact Us

If you have questions about this Privacy Policy, please contact us at:

Email: privacy@monify.ai