Terms of Service

Effective Date: September 27, 2025

Last Updated: September 27, 2025

1. Acceptance of Terms

Welcome to AI Budget Coach! These Terms of Service ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and AI Budget Coach ("we," "us," or "our") regarding your use of our mobile application, website, and related services (collectively, the "Service").

By accessing or using our Service, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, please do not use our Service.

2. Description of Service

AI Budget Coach is a financial technology application that provides:

  • AI-powered budget coaching and financial guidance
  • Secure bank account integration through Plaid
  • Automated transaction tracking and categorization
  • Personalized spending insights and recommendations
  • Goal setting and progress tracking
  • Smart notifications and alerts

3. Eligibility

To use our Service, you must:

  • Be at least 18 years of age
  • Have the legal capacity to enter into binding agreements
  • Reside in a jurisdiction where our Service is available
  • Provide accurate and complete information during registration
  • Maintain the security of your account credentials

4. Account Registration and Security

4.1 Account Creation

You agree to provide accurate, current, and complete information during registration and to update such information to keep it accurate, current, and complete.

4.2 Account Security

You are responsible for:

  • Maintaining the confidentiality of your account credentials
  • All activities that occur under your account
  • Immediately notifying us of any unauthorized use of your account
  • Ensuring your device security and using supported operating systems

5. Financial Data and Bank Connections

5.1 Plaid Integration

Our Service uses Plaid Inc. to securely connect to your financial institutions. By connecting your accounts, you:

  • Authorize us to access your financial data through Plaid
  • Agree to Plaid's End User Privacy Policy and Terms
  • Understand that we have read-only access to your accounts
  • Acknowledge that we cannot move or withdraw funds from your accounts

5.2 Data Usage

We use your financial data solely to provide our budgeting services, including:

  • Analyzing spending patterns and providing insights
  • Generating personalized budget recommendations
  • Tracking progress toward financial goals
  • Providing AI-powered coaching and guidance

6. AI Coaching Services

6.1 Nature of AI Coaching

Our AI budget coach provides automated financial guidance based on your data. You understand that:

  • AI coaching is for informational purposes only
  • It does not constitute professional financial advice
  • You should consult qualified professionals for complex financial decisions
  • AI responses may not be suitable for all situations

6.2 OpenAI Integration

Our AI coaching features are powered by OpenAI's technology. Your chat conversations may be processed by OpenAI in accordance with their usage policies.

7. Prohibited Uses

You agree not to:

  • Use the Service for any illegal or unauthorized purpose
  • Violate any applicable laws or regulations
  • Share your account credentials with others
  • Attempt to gain unauthorized access to our systems
  • Reverse engineer, decompile, or disassemble our software
  • Use automated tools to access our Service
  • Interfere with the proper functioning of our Service
  • Transmit viruses, malware, or other harmful code

8. Subscription and Billing

8.1 Subscription Plans

Our Service may offer various subscription plans with different features and pricing. Current pricing and plan details are available in the app and on our website.

8.2 Billing and Payments

By subscribing to a paid plan, you agree that:

  • Subscription fees are billed in advance on a recurring basis
  • Payment will be charged automatically unless cancelled
  • All fees are non-refundable except as required by law
  • We may change pricing with 30 days' notice

8.3 Cancellation

You may cancel your subscription at any time through the app or by contacting us. Cancellation takes effect at the end of your current billing period.

9. Intellectual Property

9.1 Our Intellectual Property

The Service and its original content, features, and functionality are owned by AI Budget Coach and are protected by international copyright, trademark, patent, trade secret, and other intellectual property laws.

9.2 Your Data

You retain ownership of your personal and financial data. By using our Service, you grant us a limited license to use your data solely to provide our services as described in our Privacy Policy.

10. Disclaimers and Limitations

10.1 Service Availability

While we strive to provide continuous access to our Service, we do not guarantee that the Service will be available at all times. We may experience:

  • Scheduled maintenance and updates
  • Unexpected technical issues
  • Third-party service interruptions (Plaid, OpenAI, etc.)
  • Force majeure events

10.2 Financial Advice Disclaimer

IMPORTANT: AI Budget Coach is not a financial advisor, and our Service does not provide professional financial, investment, or tax advice. Our AI coaching and recommendations are for informational purposes only. You should consult with qualified professionals before making significant financial decisions.

10.3 Data Accuracy

While we strive to provide accurate financial data through our Plaid integration, we cannot guarantee the accuracy, completeness, or timeliness of financial information. You should verify important financial information with your financial institutions.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

AI Budget Coach shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, resulting from your use of the Service.

Our total liability to you for all claims arising from or relating to the Service shall not exceed the amount you paid us in the twelve (12) months preceding the claim.

12. Indemnification

You agree to defend, indemnify, and hold harmless AI Budget Coach and its officers, directors, employees, and agents from and against any claims, damages, obligations, losses, liabilities, costs, or debt arising from:

  • Your use of the Service
  • Your violation of these Terms
  • Your violation of any third-party rights
  • Any false or misleading information you provide

13. Privacy and Data Protection

Your privacy is important to us. Our collection, use, and disclosure of your information is governed by our Privacy Policy, which is incorporated into these Terms by reference.

14. Third-Party Services

Our Service integrates with third-party services including:

  • Plaid Inc.: For secure bank account connectivity
  • OpenAI: For AI coaching functionality
  • App Stores: Apple App Store and Google Play Store

Your use of these third-party services is subject to their respective terms and conditions.

15. Termination

15.1 Termination by You

You may terminate your account at any time by:

  • Deleting your account through the app
  • Contacting our support team
  • Cancelling your subscription

15.2 Termination by Us

We may terminate or suspend your account immediately if you:

  • Violate these Terms
  • Engage in fraudulent or illegal activities
  • Pose a security risk to our Service
  • Fail to pay subscription fees

15.3 Effect of Termination

Upon termination:

  • Your access to the Service will cease immediately
  • Your data will be deleted according to our Privacy Policy
  • Provisions that should survive termination will remain in effect

16. Changes to Terms

We may modify these Terms at any time. We will notify you of material changes by:

  • Posting updated Terms on our website
  • Sending email notifications
  • Providing in-app notifications

Your continued use of the Service after changes become effective indicates your acceptance of the updated Terms.

17. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United States and the state in which AI Budget Coach is incorporated, without regard to conflict of law principles.

18. Dispute Resolution

18.1 Informal Resolution

Before initiating formal proceedings, you agree to attempt to resolve disputes informally by contacting us at [email protected].

18.2 Arbitration

Any disputes that cannot be resolved informally shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.

19. Severability

If any provision of these Terms is found to be unenforceable or invalid, the remaining provisions will remain in full force and effect.

20. Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and AI Budget Coach regarding the Service and supersede all prior agreements.

21. Contact Information

If you have questions about these Terms, please contact us:

General Support: [email protected]
Legal Questions: [email protected]
Security Issues: [email protected]

These Terms of Service were last updated on September 27, 2025. By using AI Budget Coach, you acknowledge that you have read, understood, and agree to be bound by these Terms.