iBear Privacy Policy

Effective Date: March 4, 2025 (View Previous Version)


1. Scope of Policy

This Privacy Policy applies to all users of our websites, mobile applications, and digital platforms (collectively, “Services”):

  • Money Pro: Personal Finance AR (Apple App and Google Play Stores)
  • Money Pro (Microsoft Store)
  • Money Pro: Personal Finance (Mac App Store)
  • www.money.pro
  • www.ibearsoft.com

BY USING ANY OF OUR SERVICES, YOU ACKNOWLEDGE OUR PRIVACY PRACTICES DESCRIBED IN THIS PRIVACY POLICY. YOUR USE OF OUR SERVICES IS CONSENT FOR THE PROCESSING ACTIVITIES DESCRIBED BELOW.


2. Information We Collect

A. Provided Information – The specific information we collect depends on what you provide, but could include:

  • Identifiers: Name, email, username, account number, postal address, phone number, IP/device identifiers (e.g., MAC address), profile picture, and free-text content (e.g., transaction description)

  • Financial Data: Income, bank account and routing number, transaction history, budget, and app subscription details

B. Automated Collection – The information we automatically collect from your interactions with us or our Services:

  • Device/Usage Data: Device type, hardware model, browser type, IP address, activity logs, crash/analytics data, and interactions with our Services
  • Location: Generalized or precise geolocation (with consent) via device permissions and IP address
  • Cookies/Tracking: Functionality and analytics cookies to collect Services interactions from our website.

C. Third-Party Sources – The information we collect from other sources with your permission:

  • Financial Institutions: Bank account data via Plaid, Salt Edge, or similar services

  • Platforms: Apple, Google, and Windows app stores

3. How We Use Your Information

A. Analytics – We collect analytics to manage, protect, and improve our Services. This includes understanding user interaction patterns, session lengths, aggregated, non-specific use data, and crash reports. We may combine usage data in an anonymized, aggregated form for analytical research, performance tracking, and benchmarking. Depending on your jurisdiction, we rely on legitimate interest for some analytics, and consent for others, particularly bug reports.

Data Collected:

  • Session duration.
  • Aggregated, non-identifiable geographic data.
  • Crash data.
  • Optional bug reports (including email and description, with user consent).
  • Technical information auto generated for bug reports.

B. Communications - We use provided personal information to send Services updates, service information, and marketing/educational emails. All email communications include an unsubscribe link. We will also honor opt-out requests for push notifications via device settings.

  • Types of Communications:

  • Educational emails upon account creation.

  • Updates and service information.

  • Marketing and educational content.

C. Services - Your use of our Services is explicit acknowledgement and consent for us to collect and process your personal information to provide our Services. Our service providers access, collect, use, process, adapt, store, transfer and delete your information (including without limitation your financial institution account data) in accordance with their own privacy policies. Please note that our online banking providers have their own privacy policies that describe their data processing and sharing relationships necessary to provide their services.

  • Online Banking Sync – Our Services will automatically register you with iBear’s service provider (Plaid or Salt Edge) that is compatible with your financial institution. You will be prompted to enter your financial institution username and password, which will be transmitted over an encrypted connection. We have no access to your authentication credentials as this service is provided and managed by the provider. 
  • Sync via iCloud/Google Drive – If you choose to store your data and/or backups in iCloud or Google Drive (for Android users), please note that your account is with Apple or Google, respectively, not with iBear. Their sync services allow you to sync your data between several devices that use the same account. Information stored in their services is treated in accordance with their privacy policies. iBear is not responsible for and cannot control how third parties, including Apple or Google, handle or protect your data.

D. We never sell your personal information

4. Legal Bases for Data Collection and Processing

We use your data to provide, develop and maintain our Services. We also use your data to operate our business and secure our rights (including defending our rights). We use your data to provide our services via the apps and sites (Section 1), but we also use your data to enable you to better develop your relationships with other providers (e.g., your bank), improve our Services, investigate problems, and comply with legal obligations.

5. Who are Our Service Providers 

Please review the privacy policy of each data sharing partner as they govern their own practices. These third-parties may change their privacy practices at any time.

A. Sub-Processors

  • Apple
  • AWS (hosting)
  • Google Cloud Platform
  • Google Firebase

B. Analytics

  • AWS Pinpoint
  • Google Analytics

C. Banking Information Services

  • Plaid
  • Salt Edge

D. Support

  • AWS WorkMail
  • Third-parties for support communications and technical administration

E. Affiliates - We have established relationships with other companies (“Affiliates”) for them to offer their products or other information through links presented in our Services. If you click on one of those links, we may share some of your information with that Affiliate (as described in their Privacy Policy). The privacy practices of the company that provided the link will then apply since we do not control how they process or protect your data.

6. International Data Transfers

We may transfer information your personal information across borders and from your country or jurisdiction to other countries or jurisdictions around the world. Please note that your data may be transferred to countries other than where you physically reside, or your banking relationships exist. Use of our Services is your consent to this cross-border transfer. The data protection laws of your residency or physical location may differ from the laws of the country of transfer. Jurisdictions may not provide data protection laws that are equivalent to those of your home jurisdiction.

7. Your Privacy Rights

Specific rights may vary by jurisdiction, but include the:

  • Right to access your personal information
  • Right to correct or update your personal information
  • Right to restrict processing of your personal information
  • Right to portability
  • Right to withdraw consent if you have previously given it
  • Right to file a complaint with a data protection authority or other regulatory body.

8. Data Retention

We retain your personal information for as long as necessary to fulfill one of our legitimate business purposes or comply with a legal request, and within the restrictions placed on us by law. We may also choose to anonymize certain information you have provided to us, so that it can no longer be attributed to you, if we retain it for longer periods of time.

Data maintained and updated in the app, included any backups, is controlled by you. Our activities to delete your data from our Services does not extend to data locally stored on your device or in your user-controlled backups.

9. How We Protect Information

We use commercially reasonable efforts to protect the confidentiality of your personal information and ensure the security of our systems.

10. Children’s Data

Our Services are not intended for users under 16, and we do not knowingly collect any personal information from children under 16. If we become aware that a person submitting information is under 16, we will attempt to delete the information as soon as possible.

11. Questions.

The Privacy Officer at iBear is responsible for all data protection and privacy matters. You can contact our Privacy Officer at:

privacy@ibearsoft.com

iBear, LLC
ATTN: Privacy Officer
PO Box 507, Crystal Bay, NV 89402
United States of America

To process any requests, we will need to have information from you that is sufficient for us to identify you. We may need to contact you for more information or perform this validation.

For all other questions contact us at support@ibearsoft.com.

12. Changes to this Privacy Policy.

iBear reserves the right to modify this Privacy Policy at any time without notice, and at our sole and final discretion. The Policy posted at any time is the Policy then in effect. The current version will always be located at http://ibearsoft.com/privacy with its effective date posted at the top. We strongly suggest that you review frequently for any updates. Your access or use of our Services after any changes become effective is your acknowledgement and acceptance of the policy in effect at that time.