Privacy Policy
Last Updated: January 15, 2025
At Invenchak CBC, we take your privacy seriously. This policy explains how we collect, use, and protect your personal information when you use our budget monitoring services. We're based in Romania and comply with both Romanian data protection laws and the General Data Protection Regulation (GDPR).
Look, nobody enjoys reading legal documents. But understanding how your financial data gets handled matters. We've tried to keep this straightforward and honest.
Information We Collect
Account Information
When you sign up for Invenchak CBC, we need some basic details to set up your account and provide our services.
- Your full name and email address
- Phone number (optional, but helpful for account recovery)
- Password (encrypted and never stored in plain text)
- Location data to provide region-specific features
Financial Data
Since we're a budget monitoring platform, we collect financial information you choose to share with us. This includes transaction records, spending categories, income sources, and budget goals you set. We don't have direct access to your bank accounts unless you explicitly connect them through our secure integration partners.
Usage Information
We track how you interact with our platform. This helps us improve the service and fix issues quickly. We collect device information, IP addresses, browser types, and feature usage patterns. Nothing invasive, just the technical stuff that helps us keep things running smoothly.
How We Use Your Information
| Purpose | Data Used | Legal Basis |
|---|---|---|
| Provide budget monitoring services | Account info, financial data, usage patterns | Contract performance |
| Send important account notifications | Email address, notification preferences | Contract performance |
| Improve platform features | Usage data, feedback, interaction patterns | Legitimate interest |
| Prevent fraud and ensure security | IP addresses, device info, login attempts | Legitimate interest |
| Comply with legal obligations | All data as required by law | Legal compliance |
A Note on Marketing
We might send you occasional updates about new features or tips for better budget management. But you can opt out anytime. We won't sell your email to third parties or spam you with irrelevant offers.
Data Sharing and Third Parties
We don't sell your personal information. Period. However, we do share data with specific partners who help us deliver our services:
Service Providers
We work with cloud hosting providers for data storage, payment processors for transactions, and analytics tools to understand platform performance. These partners can only access data necessary for their specific functions and are bound by strict confidentiality agreements.
Banking Integration Partners
If you connect your bank accounts, we use secure third-party services that specialize in financial data connections. They follow banking-grade security standards and only retrieve the transaction information you authorize.
Legal Requirements
Sometimes we're legally required to share information with government authorities or law enforcement. This only happens when we receive valid legal requests or need to protect our rights and the safety of our users.
Your Rights Under GDPR
Romanian and EU data protection laws give you substantial control over your personal information. Here's what you can do:
Access Your Data
Request a copy of all personal information we hold about you. We'll provide it in a readable format within 30 days.
Correct Inaccuracies
Found something wrong? You can update most information directly in your account settings or ask us to correct it.
Delete Your Data
Request complete deletion of your account and associated data. Some information may be retained for legal compliance.
Restrict Processing
Ask us to limit how we use your data while you're verifying its accuracy or contesting our processing.
Data Portability
Get your data in a machine-readable format to transfer to another service provider.
Object to Processing
Oppose our use of your data for specific purposes, including marketing communications.
How to Exercise Your Rights
Send an email to contact@invenchakcbc.online with your request. We'll verify your identity and respond within the timeframes required by Romanian law (typically 30 days, though complex requests might take up to 60 days).
You also have the right to lodge a complaint with Romania's National Supervisory Authority for Personal Data Processing (ANSPDCP) if you're unhappy with how we handle your information.
Data Security Measures
We use industry-standard security practices to protect your financial information. But let's be realistic – no system is completely bulletproof. Here's what we do:
- All data transmitted between your device and our servers uses TLS encryption
- Financial data is encrypted at rest using AES-256 encryption
- We conduct regular security audits and penetration testing
- Access to user data is restricted to authorized personnel only
- We maintain detailed access logs and monitor for suspicious activity
- Two-factor authentication is available (and we strongly recommend using it)
- Regular backups ensure data recovery in case of system failures
What You Can Do
Security is a shared responsibility. Use a strong, unique password for your Invenchak CBC account. Don't reuse passwords from other services. Enable two-factor authentication. Be cautious about phishing emails pretending to be from us (we'll never ask for your password via email). Log out from shared devices.
Data Retention
We keep your information only as long as necessary to provide our services and comply with legal obligations.
Active Accounts
While your account is active, we retain all your financial data and transaction history so you can access your complete budget records whenever needed.
Closed Accounts
After you close your account, we delete most personal information within 90 days. However, Romanian financial regulations require us to maintain certain transaction records for up to seven years for tax and audit purposes. These records are stored securely and accessed only when legally required.
Anonymized Data
We may retain anonymized usage statistics indefinitely for research and platform improvement. This data cannot be linked back to individual users.
International Data Transfers
Your data is primarily stored on servers located within the European Union. Some of our service providers operate globally, which means your information might be processed in countries outside the EU.
When we transfer data internationally, we ensure appropriate safeguards are in place. This includes using standard contractual clauses approved by the European Commission and working only with providers certified under recognized data protection frameworks.
Romanian Users
For users in Romania, we prioritize keeping data within EU borders wherever possible. Your primary account data remains on EU-based servers at all times.
Cookies and Tracking Technologies
Like most websites, we use cookies and similar technologies. These small files help us remember your preferences and understand how you use our platform.
Essential Cookies
These are necessary for the platform to function. They handle things like keeping you logged in and remembering your security settings. You can't disable these without breaking core functionality.
Performance Cookies
These help us understand which features get used most and where users encounter problems. The data is aggregated and anonymous.
Preference Cookies
These remember your choices like currency display format or dashboard layout preferences.
You can manage cookie preferences through your browser settings, though disabling certain cookies may affect platform functionality.
Children's Privacy
Invenchak CBC is designed for adults managing their finances. We don't knowingly collect information from anyone under 16 years old. If you're a parent and believe your child has provided us with personal information, contact us immediately and we'll delete it.
Changes to This Policy
We update this privacy policy occasionally to reflect changes in our practices or legal requirements. When we make significant changes, we'll notify you via email and display a prominent notice on the platform.
The "Last Updated" date at the top shows when the most recent changes took effect. We encourage you to review this policy periodically, especially before providing any new personal information.
Material Changes
If we ever make changes that significantly affect how we handle your data, we'll ask for your explicit consent before applying those changes to existing users. You'll always have the option to close your account if you disagree with new terms.
Questions About Privacy?
We're here to help clarify anything about how we handle your data. Reach out to our privacy team and we'll respond within a few business days.
Email: contact@invenchakcbc.online
Phone: +40 238 705 479
Address: Strada Petru Rareș 19, Baia Mare, Romania