Yodlee Privacy Policy — Summary
This is a summary. Download the full document below for the complete legally binding terms.
Yodlee Privacy Policy — Summary
Effective date: April 1, 2026
Third-Party Document Summary
This is a summary of the privacy policy of Envestnet | Yodlee, one of our technical service providers for the Account Information Service (AIS). The full legally binding document can be downloaded below.
Envestnet | Yodlee is a US-based financial data aggregation company that provides technical infrastructure for connecting bank accounts to the BudgetBakers AIS service, primarily for financial institutions outside the European Economic Area.
Role of Yodlee
Yodlee acts as a technical service provider that establishes secure connections with financial institutions worldwide. When you connect a non-EEA bank account through BudgetBakers, Yodlee may be used to retrieve your financial data.
What Data Yodlee Processes
- Account credentials — Processed securely during authentication (Yodlee uses bank-level encryption)
- Account information — Account numbers, types, currencies, and holder details
- Transaction data — Payment history, balances, descriptions, and amounts
- Technical data — Device information, IP addresses, and usage logs for security and service operation
How Data Is Used
Yodlee processes your financial data solely to provide the data aggregation service to BudgetBakers. Your data is not sold to third parties or used for advertising. Yodlee may use anonymized, aggregated data for analytics and market research purposes.
Security Measures
Yodlee employs bank-level security measures including 256-bit encryption, multi-factor authentication support, regular penetration testing, and SOC 2 Type II certification. Their data centers maintain physical security controls and are subject to regular audits.
Data Storage & Transfers
Yodlee stores data primarily in the United States. For users in the EEA, data transfers are conducted under appropriate safeguards as required by GDPR (Standard Contractual Clauses). Data is retained only as long as the connection is active and as required by applicable laws.
Your Rights
You can exercise your data protection rights (access, deletion, correction) by contacting BudgetBakers support. You can disconnect your bank account at any time to stop Yodlee from accessing further data from your financial institution.