What WealthSense does with your data

Time: ~4 min. Need: thirty seconds and one honest question — where does this app keep my financial data, and what can it actually see?

By the end of four minutes you will be able to name three concrete commitments WealthSense makes about your data — and the exact page in your account where each one is yours to exercise.

WealthSense is hosted in the European Union. Your account data — accounts, transactions, recurring rules, categories, tags, budgets, goals — is written to an EU-region database, served from EU infrastructure, and backed up to EU storage. There is no cross-region replication to the United States or elsewhere.

Data is encrypted in transit (TLS on every request) and at rest (database-level encryption on the disk holding your records). Backups inherit the same protection. The encryption is operational hygiene, not a marketing line — it is the default state, applied without you opting in.

The boundary that matters most is the one we draw at your bank: WealthSense does not hold a bank login for you, ever. No OAuth handshake, no Plaid, no read-only token sitting in our database that we could use to pull your statements. The cost is real — you import the file yourself, on your schedule — and the benefit is that there is no credential to leak, no consent to renew, no permission to forget you granted.

What we do read is what you give us:

• The transactions you import from a CSV or Excel export.
• The accounts, categories, tags, recurring rules, goals, and budgets you create.
• The currency exchange rates pulled from the European Central Bank (a public source — no link to you).
• The optional AI category suggestions, which receive the transaction description, amount, currency, and your category tree so they can suggest the right category. They never receive your name, account number, or full account balance, and they are processed by our AI provider under a data-processing agreement that bars training on your data.

If something is not on that list, WealthSense does not see it. We do not pull your bank statements. We do not see your salary unless you import or record it. We do not know who you pay rent to unless the description in your CSV says so.

Under GDPR you have a right to your data, a right to take it elsewhere, and a right to have it erased. WealthSense surfaces all three as in-app actions you control, not requests you file with support.

• Export everything you have given us. Open Settings → Data Export. The export is a complete dump of your accounts, transactions, categories, tags, recurring rules, goals, budgets, and reconciliations — in a format you can re-import into another app or hold in your own archive. Run it whenever you want; nothing about your account changes.
• Delete your account and your data. Open Settings → Delete Account. You confirm the action and WealthSense removes your records — accounts, transactions, recurring rules, categories, tags, budgets, goals — from the live database.
• Update what is on file. Open Settings → Profile. Name, email, base currency, and security settings (password, two-factor authentication) are yours to change without contacting anyone.

You do not need our permission to use any of these. The settings menu is the right of access, the right of portability, and the right to be forgotten — wired into the product as buttons.

You can name the three commitments (EU hosting, no third-party bank credentials, GDPR export and deletion on demand) and you know exactly where to click for each one — Settings → Data Export, Settings → Delete Account, Settings → Profile.

• Coming from an app that uses Plaid? — Switching from a spreadsheet to WealthSense
• The mental model behind WealthSense — The CFO model of personal finance: bookkeeper vs strategist
• Export your data anytime — Export your data, anytime