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Terms of Use

Version: v1.0
Effective date: 2026-02-13 Last updated: 2026-02-13

These Terms of Use ("Terms") govern your access to and use of the ARKAD Wallet mobile application and related services (the "Service"). By creating an account or using the Service, you agree to be bound by these Terms.

1. Operator Information

ARKAD Wallet is operated by:

  • Maksim Pegov, residing in Poland, and
  • Artur Szczypta, residing in Poland

(collectively referred to as "we", "us", or "our").

The Service is currently not operated through a registered legal entity. Until a separate company is incorporated, the above-listed individuals act as the service providers and data controllers for ARKAD Wallet.

For legal notices and inquiries, contact: legal@arkadwallet.com

2. Description of the Service

ARKAD Wallet is a personal finance tracking application that allows users to:

  • Manually record income and expenses
  • Input transactions via voice, converted to text
  • Automatically categorize transactions using AI tools
  • Create budgets and savings goals
  • View informational dashboards and financial summaries

The Service does not connect to banks, does not import external financial data, and does not hold, transfer, or manage user funds. All financial data stored in the Service is manually provided by users.

3. Informational Purpose Only

The Service provides organizational and informational tools only.

ARKAD Wallet does not provide:

  • Financial advice
  • Investment advice
  • Tax advice
  • Legal advice

AI-generated categorizations and outputs are automated suggestions based solely on user-provided input. They may contain errors and should not be relied upon as professional advice.

You are solely responsible for your financial decisions.

4. Eligibility

You must be at least 13 years old to use the Service.

If you are under 18, you confirm that you have the consent of a parent or legal guardian where required by applicable law.

5. User Accounts

You are responsible for maintaining the confidentiality of your account credentials.

You can create multiple accounts.

You can delete your account at any time. Upon deletion, your data will be handled in accordance with our Privacy Policy.

We reserve the right to suspend or terminate accounts that violate these Terms.

6. Fees and Payments

The Service operates on a freemium model, offering a free tier and a paid subscription tier.

Subscriptions are processed through third-party platforms such as Apple App Store and Google Play. Payments, billing, renewals, and refunds are governed by the respective platform’s terms and policies.

Where required under EU consumer law, users may have a statutory right of withdrawal. By activating a paid subscription and accessing digital features immediately, you acknowledge that you may lose your right of withdrawal once full performance of the service begins.

7. Acceptable Use

You agree not to:

  • Reverse engineer or attempt to extract source code
  • Use automated systems or bots to access the Service
  • Scrape or systematically collect data
  • Resell or commercially exploit the Service without authorization
  • Use the Service for unlawful purposes

8. Intellectual Property

All rights, title, and interest in and to the Service, including software, branding, and design, remain the exclusive property of the operators of ARKAD Wallet.

You are granted a limited, non-exclusive, non-transferable license to use the Service for personal purposes.

9. Limitation of Liability

The Service is provided "as is" and "as available" without warranties of any kind.

To the maximum extent permitted by law:

  • We are not liable for financial losses resulting from user decisions.
  • We are not liable for inaccuracies in AI-generated categorizations.
  • We are not liable for indirect, incidental, or consequential damages.

Where liability cannot be excluded under applicable law, our total liability shall be limited to the amount paid by you for the Service in the twelve (12) months preceding the claim.

10. Indemnification

You agree to indemnify and hold harmless the operators of ARKAD Wallet from claims arising out of your misuse of the Service or violation of these Terms.

11. Modifications to the Service

We reserve the right to:

  • Modify or discontinue features
  • Change subscription pricing
  • Temporarily or permanently shut down the Service

We may update these Terms from time to time. Continued use of the Service after updates constitutes acceptance of the revised Terms.

12. Privacy

Your use of the Service is also governed by our Privacy Policy, which forms an integral part of these Terms.

13. Governing Law

These Terms are governed by the laws of Poland and applicable European Union law.

Nothing in these Terms limits mandatory consumer rights under the laws of your country of residence.

14. Contact Information

For legal inquiries, contact: legal@arkadwallet.com

For previous versions, see the Terms Archive.

Changelog

  • v1.0 - Initial version