What changed in this version. We introduced paid subscriptions (Section 7, rewritten in full) and AI Chat (new Section 5B). Account deletion no longer requires you to hand over a shared Space first (Section 10). The list of third-party providers has been updated (Section 9), and our database now resides in the United States — see the Privacy Policy.
1. Agreement to terms
These Terms of Service (“Terms”) constitute a legally binding agreement between you (“you,” “your,” or “User”) and Mrinal Wahal (sole proprietorship), operating as Recontrol (“we,” “us,” “our,” or the “Company”), governing your access to and use of the Recontrol mobile application (the “App”) and all related services, features, content, and functionality (collectively, the “Service”). By creating an account, downloading, installing, accessing, or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy, which is incorporated herein by reference. If you do not agree to these Terms, you must not access or use the Service. We reserve the right to modify these Terms at any time. We will notify you of material changes by posting the updated Terms within the App and updating the “Last Updated” date above. Your continued use of the Service after the effective date of any modifications constitutes your acceptance of the updated Terms.2. Eligibility
You must be at least eighteen (18) years of age to use the Service (India’s age of majority under the Indian Majority Act, 1875). By using the Service, you represent and warrant that:- You are at least 18 years old
- You have the legal capacity to enter into a binding agreement
- You are not barred from using the Service under any applicable law
- You will comply with these Terms and all applicable laws
3. Description of Service
Recontrol is a personal and collaborative finance management application that enables users to:- Track financial accounts: Create and manage asset, liability, income, and expense accounts
- Record transactions: Log double-entry financial transactions between accounts with amounts, descriptions, and timestamps
- Set goals: Define financial goals and link accounts to track progress
- View reports: Compute net worth, totals, and balance history, with multi-currency conversion
- Collaborate in Spaces: Create shared workspaces with role-based access control
- Manage access: Define roles with granular permissions within collaborative Spaces
- Connect institutions (optional): Link external financial institutions to import balances, transactions, and holdings automatically (see Section 5A)
- Ask AI Chat (optional, paid): Ask questions about your own recorded figures in plain language (see Section 5B)
4. Account registration and security
4.1 Account creation
To access most features of the Service, you must create an account by providing accurate, current, and complete information, including a valid email address. You may register with an email address and password, or using Sign in with Google or Sign in with Apple where available.4.2 Account responsibilities
You are solely responsible for:- Maintaining the confidentiality of your account credentials
- All activities that occur under your account, whether or not authorised by you
- Ensuring the information in your account remains accurate and up to date
- Notifying us immediately at support@recontrol.money if you become aware of any unauthorised use of your account
4.3 Account restrictions
You agree to:- Create only one account per person
- Not share your account credentials with any third party
- Not transfer your account to another person without our prior written consent
- Not use another person’s account without their permission
5. Spaces and collaborative features
5.1 Creating and managing Spaces
Users may create Spaces to organise financial data and collaborate with others. The creator of a Space is automatically assigned administrative privileges for that Space.5.2 Roles and permissions
Space administrators may create roles with specific permissions (the ability to create, read, update, or delete accounts, transactions, memberships, and roles within that Space). See Collaboration for details.5.3 Membership
Space administrators may invite other users by email or phone number. Members can view and interact with the Space’s data in accordance with the permissions granted by their role. Any member may leave a Space at any time.5.4 Responsibility for shared Spaces
You are responsible for managing access to any Space you create, including the roles and permissions you assign. We are not responsible for any actions taken by members within your Space.5.5 Sponsorship
Connected institutions within a Space operate on the subscription of a member who has chosen to put their plan behind that Space (“sponsoring”). Any member may sponsor a Space, more than one member may sponsor the same Space, and a sponsor may withdraw at any time. Sponsoring is always your own act: no role, permission, or administrator can commit another person’s subscription, and withdrawing sponsorship removes nothing and no one from the Space — it only stops that Space’s connections syncing. AI Chat is not sponsored: it runs on the subscription of whoever asks.5A. Connected accounts and financial integrations
5A.1 Optional integrations
The Service offers optional integrations that let you connect external financial institutions so that your balances, transactions, and investment holdings import and refresh automatically. As of the date of these Terms, these are:- Plaid — bank-account connections for institutions in the United States and Canada, and
- Zerodha (Kite Connect) — investment-holdings connections for accounts in India.
5A.2 Your authorisation
By connecting an institution, you authorise Recontrol to access, retrieve, and store the financial data made available by that institution through the relevant aggregator (Plaid or Zerodha), on your behalf, for the purpose of providing the Service. You represent that you are the account holder or are otherwise authorised to connect the account. Specifically, where you connect a bank through Plaid, you grant Recontrol and Plaid the right, power, and authority to access and transmit your personal and financial information from the relevant financial institution on your behalf, and you agree that your personal and financial information may be transferred, stored, and processed by Plaid in accordance with the Plaid End User Privacy Policy. See the Privacy Policy for details of Plaid’s data usage and how to withdraw this authorization.5A.3 Third-party terms
Your use of an integration is also governed by the terms and privacy policy of the relevant provider (Plaid or Zerodha) and of your financial institution. Recontrol does not see or store your banking or brokerage login credentials; authentication occurs directly between you and the provider.5A.4 No responsibility for third-party data
We are not responsible for the accuracy, completeness, timeliness, or availability of data provided by third-party institutions or aggregators, nor for any act or omission of those third parties. Imported data is provided “as is.”5A.5 Disconnection
You may disconnect any integration at any time from within the App. On disconnection, we revoke the access token with the provider and delete the stored token. Data already imported into your Space remains until you delete it or delete your account.5B. AI Chat
5B.1 What it is
AI Chat is an optional feature of the paid plan that lets you ask questions about your own recorded financial figures in plain language, by typing or by dictation. Answers are generated by a third-party large language model provided by Anthropic PBC, narrating figures our backend has already computed from your Space.5B.2 It is read-only
AI Chat cannot create, modify, or delete any data, and cannot move, hold, or transfer funds. It answers questions; it does not act.5B.3 Accuracy and your responsibility
The Service is designed so that every figure stated in an answer must come from figures our backend computed, rather than from the model’s own calculation, and so that incomplete or unsynced data is flagged. These are engineering safeguards, not guarantees. Language models can misinterpret a question, omit relevant context, or phrase an answer misleadingly. We do not warrant that any answer is accurate, complete, current, or fit for any purpose, and Sections 12, 13 and 14 apply in full to AI Chat output. Answers are the Service’s output and are provided “as is.” You are solely responsible for any decision you take on the basis of them.5B.4 What is sent to the model provider
When you ask a question, your question and a bounded snapshot of computed figures from the relevant Space are sent to Anthropic. Individual transactions, your name, your email address, account numbers and credentials are not sent. Full detail — including what Anthropic does with the data — is in Privacy Policy Section 4A. By using AI Chat you consent to that processing.5B.5 Not securities or investment advice
Nothing produced by AI Chat is financial, investment, tax, or accounting advice, and it must not be relied upon as such. Recontrol is not an investment adviser and provides no advisory service, whether or not you hold a subscription. Individual investment holdings are not included in the data supplied to the model; a connected brokerage account is represented to it as an account and a balance. Section 14 applies in full to any output of AI Chat.5B.6 Acceptable use of AI Chat
You agree not to use AI Chat to attempt to extract its underlying instructions, to circumvent its safeguards, to generate unlawful content, or to place automated or excessive load on it. AI Chat is subject to fair-use limits (Section 7.7). We may suspend access to AI Chat, without affecting the rest of the Service, where use breaches this Section.5B.7 Voice input
If you dictate a question, transcription is performed by your device’s operating system (Apple or Google), whose terms and privacy policies apply to that processing. We receive only the resulting text. A dictated question is never submitted without your confirmation.6. Acceptable use
6.1 Permitted use
You may use the Service only for lawful purposes and in accordance with these Terms.6.2 Prohibited conduct
You agree not to:- Use the Service for any unlawful purpose, including money laundering, fraud, or tax evasion
- Provide false, misleading, or inaccurate information
- Attempt to gain unauthorised access to any part of the Service or other users’ accounts
- Reverse-engineer, decompile, or disassemble the compiled App (except where expressly permitted by applicable law or open-source licences — see Section 8.6)
- Use the Service to transmit malware, viruses, or other harmful code
- Use any automated system to access the Service, including bots or scrapers
- Circumvent any security features of the Service
- Impersonate another user, person, or entity
- Use the Service for any commercial purpose not expressly authorised by us
7. Subscriptions, fees, and billing
7.1 The free tier
The core ledger is free of charge and is not time-limited: unlimited accounts, transactions, history, Spaces, members, custom roles, multi-currency conversion, and reporting. You will never be charged for it, and it does not require a payment method.7.2 What a subscription covers
A paid subscription enables features that carry an ongoing third-party cost to us: connected financial institutions (bank and broker syncing, Section 5A) and AI Chat (Section 5B). Additional paid capabilities may be added to the subscription over time.7.3 Purchase, price, and renewal
- Subscriptions are sold only as in-app purchases through the Apple App Store or Google Play. We do not sell subscriptions through any other channel and do not accept payment directly.
- Two billing periods are offered: monthly and annual. Both grant the same features.
- The price applicable to you, the billing period, and the renewal terms are displayed in the App and in the store’s own confirmation sheet before you complete the purchase. Prices are set per store and per territory and may differ from any figure quoted elsewhere. Your store’s confirmation is authoritative.
- Payment is charged to your Apple or Google account at confirmation of purchase, and again at each renewal, unless you cancel at least 24 hours before the end of the current period.
- We never receive your payment details. See Privacy Policy Section 4B.
7.4 Introductory free period
New subscribers may be offered a free introductory month, configured as a store introductory offer. Where it applies:- The store discloses the free period and the price that follows before you confirm, and requires a payment method up front.
- Unless you cancel before the free period ends, the subscription converts automatically to a paid subscription and your store charges you at the price disclosed.
- The free period is available once per person, and eligibility is determined and enforced by Apple and Google — on Apple, once per subscription group per Apple ID; on Google Play, to customers who have never previously subscribed to the App. If you are not eligible, the plain price is offered instead.
- Any unused portion of a free period is forfeited if you purchase a subscription during that period, where the store’s rules so provide.
7.5 Cancellation and refunds
- Cancel at any time through your device’s app-store subscription settings (iOS: Settings → your name → Subscriptions; Android: Play Store → profile → Payments & subscriptions → Subscriptions). The App links to these settings from Settings → Subscription.
- Cancellation takes effect at the end of the period you have already paid for. You keep paid features until then.
- Refunds are administered solely by Apple or Google under their own policies. We cannot grant, process, or reverse a charge, because we never receive the payment. Direct refund requests to your store.
- Deleting your Recontrol account does not cancel your subscription — see Section 10.6.
7.6 Effect of lapse or cancellation
When a subscription ends, connected institutions stop syncing and AI Chat stops responding. No data is deleted, hidden, or altered. Your accounts, transactions, balances, history and goals remain fully readable and editable indefinitely, on the free tier. Resubscribing restores the paid features; nothing is lost in the interim.7.7 Fair-use limits
Paid features are subject to reasonable limits designed to prevent abuse and unbounded third-party cost — for example, a ceiling on AI Chat volume in a calendar month and short-term rate limits. These limits are set well above ordinary use. If you reach one, the App will tell you when it resets. We may adjust these limits at any time to protect the Service, and we will not use them to deny a materially reduced service to a subscriber acting in good faith.7.8 Changes to prices and plans
We may change subscription prices. Any price change applies to new purchases and, for existing subscribers, only after the notice your store requires — Apple and Google each require advance notice and, in most cases, your affirmative consent before charging an increased price, and will otherwise cancel the subscription rather than charge you. In addition, where required by applicable law, we will give you at least thirty (30) days’ advance notice of a price change by email or in-app notification. We may also change what a subscription includes; where a change is material and adverse, we will give notice by the same means.7.9 Consumer protection
Where the law of your place of residence grants you rights in respect of automatically renewing subscriptions — including advance renewal reminders, a straightforward means of cancelling online, or a statutory cooling-off or withdrawal period — those rights apply and nothing in these Terms limits them. This includes, without limitation, California’s Automatic Renewal Law and comparable state and provincial legislation.7.10 Taxes
Prices displayed by the store may include or exclude applicable taxes depending on your territory, as determined and collected by Apple or Google.8. Intellectual property
8.1 Our intellectual property
The Service, including its software, design, text, graphics, logos, and icons, is the property of Recontrol or its licensors and is protected by applicable intellectual property laws.8.2 Licence to use the Service
Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable licence to download, install, and use the App on a device you own or control, solely for your personal use (such as household finance management or personal budget tracking).8.3 Restrictions
Except as permitted under any applicable open-source licence (see Section 8.6), you may not:- Copy, modify, or distribute the compiled App or any proprietary content
- Sell, resell, rent, or sublicense access to the hosted Service
- Use the Service’s name, logos, or trademarks without our prior written consent
- Remove any copyright, trademark, or other proprietary notices from the Service
8.4 User data
You retain all rights to the financial data and other content you input into the Service (“User Data”). By using the Service, you grant us a limited, non-exclusive licence to use, store, process, and transmit your User Data solely to provide and improve the Service.8.5 Feedback
If you provide suggestions, feedback, or recommendations regarding the Service, you grant us an unrestricted, perpetual, irrevocable right to use and incorporate such feedback without obligation or compensation to you.8.6 Open-source software
Portions of the Service’s source code are made available under the BSD 3-Clause Licence and other open-source licences. Nothing in these Terms restricts your rights under any applicable open-source licence. A list of open-source components and their licences is available at https://recontrol.money/legal/licenses.9. Third-party services
The Service uses third-party services for authentication, cloud infrastructure, and database hosting (Nhost and Amazon Web Services), application/API hosting (Railway), transactional email (Resend), push-notification delivery (Expo, Apple, Google), product analytics and error tracking (PostHog), infrastructure monitoring (Grafana Labs), foreign-exchange rates (exchangerate-api.com), subscription management (RevenueCat) and in-app purchase processing (Apple, Google), AI Chat answer generation (Anthropic), speech-to-text where you dictate (Apple, Google), and — where you choose to connect an external financial account — financial-data aggregation (Plaid and Zerodha). Your use of the Service is also subject to the terms and privacy policies of these third-party providers. See our Privacy Policy for the data each provider processes.9.1 App Store and platform terms
The App is distributed through the Apple App Store and Google Play Store. The following apply: (a) These Terms are an agreement between you and Recontrol only — not with Apple Inc. or Google LLC. Recontrol is solely responsible for the App and its content. (b) The licence granted under Section 8.2 is limited to use on devices you own or control, in accordance with the applicable platform’s usage rules. (c) Recontrol is solely responsible for maintenance and support. Apple and Google have no obligation to provide any maintenance or support. (d) Recontrol is responsible for addressing any product claims or warranty failures relating to the App. (e) Apple and Google are third-party beneficiaries of these Terms as they relate to your use of the App and may enforce these Terms against you as third-party beneficiaries.10. Account deletion and data erasure
10.1 Your right to delete your account
You may delete your account at any time:- In-app: Settings → Delete Account
- Web form: https://recontrol.money/data/delete
- Email: support@recontrol.money
10.2 Effect of account deletion
Upon account deletion, the following is permanently and irreversibly deleted:- Your account and profile information
- All financial accounts, transactions, goals, and settings
- All data imported from connected institutions (bank accounts, transactions, investment holdings)
- All stored integration access tokens (which are also revoked with the provider)
- All AI Chat questions attributed to you (answers were never stored)
- Our record of your subscription, your usage counters, and any Space sponsorships
- All Space memberships and role assignments
- Session tokens and authentication data
10.3 Effect on shared Spaces
Deletion is never blocked, and you are not required to transfer or delete a Space first.- A Space in which you are the only member is deleted with your account, together with everything in it.
- A Space with other members is not deleted. Your membership and role are removed; the Space’s records remain, as they are also other members’ data. If you were the Space’s only administrator, the longest-standing remaining member is automatically granted an administrator role.
- A Space you sponsored stops syncing its connected institutions; nothing in it is deleted, and any other member may sponsor it.
10.4 Processing time
In-app deletions are processed immediately. Email requests are processed within thirty (30) days of receipt.10.5 Data retention exceptions
We may retain minimal data only where required by applicable law (for example, records required by law enforcement or tax authorities). No user data is retained beyond what is legally mandated.10.6 Your subscription is not cancelled by account deletion
10.7 Written confirmation
You may request written confirmation that your data has been deleted by emailing support@recontrol.money.11. Privacy
Our Privacy Policy governs the collection, use, and disclosure of your personal information and is available at https://recontrol.money/legal/privacy. The Privacy Policy is incorporated into and forms part of these Terms.12. Disclaimers
THE SERVICE IS PROVIDED ON AN “AS-IS” AND “AS-AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE INDIAN LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. We do not warrant that the Service will be available at all times, uninterrupted, error-free, or free from viruses or harmful components. We do not warrant the accuracy, completeness, or reliability of any financial data, calculations, or information generated by the Service, including any output of AI Chat (Section 5B), which is generated by a third-party language model and may be incomplete or incorrect. Some jurisdictions do not allow the exclusion of certain warranties or implied terms; to that extent, the exclusions above may not apply to you, and you may have additional rights under the law of your place of residence.13. Limitation of liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE INDIAN LAW, IN NO EVENT SHALL RECONTROL, ITS OWNER, EMPLOYEES, AGENTS, OR SERVICE PROVIDERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING LOSS OF PROFITS, REVENUE, DATA, OR GOODWILL, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SERVICE. OUR TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE SERVICE SHALL NOT EXCEED THE GREATER OF: (A) THE AMOUNT YOU HAVE PAID US IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE THOUSAND INDIAN RUPEES (₹1,000). Some jurisdictions do not allow the exclusion or limitation of certain damages; to that extent, the limitations above may not apply to you. Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law.14. Financial disclaimers
THE SERVICE IS A PERSONAL FINANCIAL MANAGEMENT TOOL ONLY. NOTHING IN THE SERVICE — INCLUDING ANY OUTPUT OF AI CHAT — CONSTITUTES FINANCIAL ADVICE, INVESTMENT ADVICE, TAX ADVICE, ACCOUNTING ADVICE, OR ANY OTHER PROFESSIONAL ADVICE. THE SERVICE IS NOT A SUBSTITUTE FOR PROFESSIONAL FINANCIAL COUNSEL. Recontrol is not a financial institution, bank, credit union, brokerage, investment adviser, tax adviser, or financial planner. You are solely responsible for all financial decisions you make based on data in the Service. No securities recommendations. The Service does not evaluate, rank, compare, forecast, or recommend any security, fund, or other investment, and must not be used or relied upon as if it did. Investment holdings imported from a connected broker are presented as records only — balances, quantities, and cost basis — and never as an assessment of them. Paying for a subscription does not create any advisory relationship between you and Recontrol. Recontrol is not a “consumer reporting agency” and does not provide “consumer reports” within the meaning of the US Fair Credit Reporting Act (FCRA) or any similar law. The Service must not be used to make decisions about a person’s eligibility for credit, insurance, employment, housing, or any other benefit. Recontrol is not a money transmitter, payment processor, or money-services business; it does not hold, move, or transfer funds. These disclaimers apply in every jurisdiction in which the Service is offered, including the United States and Canada.15. Indemnification
To the fullest extent permitted by applicable law, you agree to indemnify and hold harmless Recontrol, its owner, employees, agents, and service providers from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of your use of the Service, your violation of these Terms, or your violation of any rights of any third party.16. Dispute resolution
16.1 Informal resolution
Before initiating any formal dispute resolution proceeding, you agree to contact us at support@recontrol.money and attempt to resolve the dispute informally for at least thirty (30) days.16.2 Arbitration
If the dispute cannot be resolved informally, any dispute, controversy, or claim arising out of or relating to these Terms or the Service (including its formation, performance, or breach) shall, at either party’s election, be referred to and finally settled by arbitration in accordance with the Arbitration and Conciliation Act, 1996 (India). The place of arbitration shall be Ghaziabad, Uttar Pradesh, India. The language of arbitration shall be English.16.3 Courts
For matters not referred to arbitration, each party irrevocably submits to the exclusive jurisdiction of the courts of Ghaziabad, Uttar Pradesh, India.17. Governing law and jurisdiction
These Terms shall be governed by and construed in accordance with the laws of India, including the Indian Contract Act, 1872, the Information Technology Act, 2000, and the Digital Personal Data Protection Act, 2023, without regard to conflict of laws provisions. Any legal action or proceeding arising out of or relating to these Terms shall be brought exclusively in the courts located in Ghaziabad, Uttar Pradesh, India, and you consent to the personal jurisdiction and venue of such courts. Consumers outside India. If you are a consumer residing outside India, you may be entitled to the protection of mandatory provisions of the law of your country, state, or province of residence. Nothing in Sections 13, 16, or 17 deprives you of any non-waivable statutory right or remedy, of the right to bring proceedings (including in a small-claims court) in your place of residence where the law so allows, or of the right to lodge a complaint with a competent regulator or data-protection authority.18. Termination
18.1 Termination by you
You may terminate your account and cease using the Service at any time by following the account deletion procedures in Section 10 or by contacting us at support@recontrol.money.18.2 Termination by us
We may suspend or terminate your access to the Service at any time for violation of these Terms or conduct harmful to other users or the Service. Where practicable, we will provide notice before termination.18.3 Effect of termination
Upon termination, your right to access and use the Service ceases immediately. Sections 5B.3, 7 (in respect of fees already accrued and of your obligation to cancel a store subscription yourself), 8, 12, 13, 14, 15, 16, 17, and this Section 18 survive termination.19. General provisions
19.1 Entire agreement
These Terms, together with the Privacy Policy, constitute the entire agreement between you and Recontrol with respect to the Service.19.2 Severability
If any provision of these Terms is found to be unenforceable, that provision shall be limited or eliminated to the minimum extent necessary so that the remaining provisions remain in full force and effect.19.3 Waiver
Failure to exercise any right or provision of these Terms shall not constitute a waiver of such right or provision.19.4 Assignment
You may not assign or transfer these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition, or sale of assets.19.5 Force majeure
We shall not be liable for any failure or delay in performing our obligations due to circumstances beyond our reasonable control, including acts of God, natural disasters, war, government actions, power outages, or internet disruptions.19.6 Notices
We may provide notices via email to the address associated with your account or via in-app notifications. Notices to us should be sent to support@recontrol.money.19.7 Electronic communications
By using the Service and providing your email address, you consent to receive electronic communications from us related to the Service, your account, and updates to these Terms or our Privacy Policy.20. Contact us
If you have questions, concerns, or complaints about these Terms or the Service:- Email: support@recontrol.money
- Website: https://recontrol.money
- Mailing Address: 2005, Yucca, Paramount Symphony, Crossing Republik, Ghaziabad, Uttar Pradesh, India 201016
By using Recontrol, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.