Terms and Conditions for using the Kroonz Budget App

These Terms and Conditions apply to every offer from Kroonz and to every agreement and every use of the Kroonz application and website (kroonz.com) between Kroonz and the User.

• Kroonz: The provider of the application, located at [Straat + Huisnr, Postcode, Plaats].
• App / Service: The Kroonz web and/or mobile budget manager application that gives users insight into their personal income, spending and savings goals.
• User: The natural person who creates an account and uses the App for non-business (consumer) purposes.
• GoCardless: The external account information service provider (AISP) licensed under PSD2, through which the User can link a bank account to the App at their own request.

You remain fully responsible at all times for the financial decisions you make, for paying bills on time and for checking your actual bank balance in your own bank’s environment. Kroonz never acts as a financial adviser or intermediary.

To fetch and show account balances and transactions, Kroonz technically depends on external parties, including your own bank and the GoCardless PSD2 API. The following conditions apply:

• Synchronisation & delay

  How it works in Kroonz

  Transactions are fetched periodically through the GoCardless PSD2 link.

  Responsibility & risk

  Data is not always real-time. Always check your own banking app before spending.

• Automatic categorisation

  How it works in Kroonz

  Spending is placed in categories based on text recognition and rules.

  Responsibility & risk

  Categorisation may be off. You can, and should, correct wrong categories yourself in the App.

• Expiry of consent

  How it works in Kroonz

  By law, a PSD2 link expires automatically every 90 to 180 days.

  Responsibility & risk

  To keep syncing, you need to renew your consent yourself periodically.

To keep the App safe and fast for everyone, you may not:

• Use the App for unlawful purposes or link bank accounts of which you are not the rightful account holder or an authorised representative.
• Manipulate, scrape, reverse-engineer or overload (DDoS) Kroonz’s security measures, JWT session tokens or API connections.

Kroonz makes every effort to provide the App securely, encrypted and without interruptions, but provides the App on an "as is" and "as available" basis. To the extent permitted by law, the following applies:

• No liability for consequential financial loss: Kroonz is never liable for indirect damage or financial loss (such as overdrafts, bank charges, missed payments or wrong budget decisions) resulting from incorrect, delayed or incomplete transaction data or from outages at banks or GoCardless.
• Cap on liability: If, despite the above, Kroonz is found liable for direct damage, that liability is limited to the amount you paid Kroonz for using the App in the 12 months before the damage occurred (up to a maximum of € 50 if you use the App for free).

All intellectual property rights to the Kroonz name, design, source code and texts belong to Kroonz. You of course always keep full ownership of your own financial data. Kroonz may change these terms from time to time; for significant changes we will inform you at least 14 days in advance by email or in the App.