Summary
Nance collects your transaction data and basic account details to help you track, analyze, and understand your finances.
How This Works in Nance
Nance only collects the data required to provide financial insights and features—nothing beyond that.
1. Transaction Data
- Date and time
- Amount (debit/credit)
- Merchant or source
- Bank narration/description
This forms the core of:
- Insights
- Budgets
- AI responses
2. Basic Account Information
- Bank name
- Account type (savings, credit card)
- Masked account identifiers
Used to:
- Organize your accounts
- Show source of transactions
3. Derived Data (Processed by Nance)
- Categories and subcategories
- Payment channels (UPI, card, ATM, cash)
- Contact/merchant recognition
This helps in:
- Better classification
- Smarter insights
4. Optional Data (If Enabled)
- SMS-based transaction data (Android only, permission-based)
- Used for faster, near real-time transaction detection
What Nance Does NOT Collect
- ❌ Bank usernames or passwords
- ❌ Full account numbers
- ❌ Ability to perform transactions
Important to Know
- Data is collected only after your consent
- Used strictly for:
- Tracking
- Analysis
- Personalization
- You can remove access by disconnecting accounts
Only what’s needed.
Nothing you didn’t allow.