What data does ARKAD Wallet collect?

It collects data you enter (transactions, accounts, budgets, goals), account information (email and login details), voice input audio for transcription (not stored after processing), anonymous usage analytics (no names, emails, or financial content), and technical data like crash reports and error logs. It does not collect bank credentials, payment card details, or external financial data.

Does ARKAD Wallet connect to my bank, and are my bank credentials safe?

ARKAD Wallet can sync accounts via licensed, EU-regulated open-banking providers (PSD2 compliant). You authenticate directly with your bank; ARKAD Wallet does not store or see your bank/card credentials. It receives read-only tokens and stores the balances and transaction history/details needed to show your financial overview.

How does ARKAD Wallet protect my data?

ARKAD Wallet uses EU-based infrastructure and is GDPR-compliant. Data is protected with TLS (HTTPS) encryption in transit. It also states that your financial data, voice recordings, and receipts are never retained or used to train machine-learning models.

Can I use ARKAD Wallet for free?

Yes. The Free plan includes access to all features with no ads, and it includes 30 voice inputs.

What do I get with Premium, and how much does it cost?

Premium costs about €2.49/month (listed as 9.99 zł). It includes unlimited voice inputs, priority support, bank connections, and encrypted backups.

Can I delete my data?

Yes. You can request deletion at any time and ARKAD Wallet will remove your data from its systems and providers. The company also aims to make deletion a self-serve action in the app.

ARKAD Wallet - Budget & Tracking

Q: How does voice input work, and is my voice recording stored?

You can log purchases by speaking naturally and ARKAD converts them into transactions. Voice audio is sent for transcription and is not stored after processing. Voice recordings and financial data are not retained or used to train AI models.

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ARKAD Wallet is a simple budgeting and expense-tracking app that lets you create category budgets fast, log purchases with voice input, track goals and net worth, and optionally sync accounts via secure EU open-banking—built with GDPR-focused privacy and security.

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Updated:Jul 10, 2026

What is ARKAD Wallet - Budget & Tracking

ARKAD Wallet - Budget & Tracking is a “no-bullsh*t” personal finance app designed to make everyday money management quick, clear, and realistic. It focuses on the essentials—budgets, categories, goals, and a net-worth overview—while reducing the friction that makes many people quit finance apps. ARKAD Wallet supports fast manual tracking (including voice-based expense entry) and offers optional bank connections for automated updates, with EU-based, GDPR-compliant infrastructure and clear privacy commitments.

Key Features of ARKAD Wallet - Budget & Tracking

ARKAD Wallet is a simple budgeting and expense-tracking app designed to reduce friction in daily money management. It combines quick budget setup, category-based tracking, goal and net-worth monitoring, and fast logging via voice input, with optional secure bank connections (via EU-regulated PSD2 providers). The product emphasizes a clean, jargon-free workflow plus privacy-focused practices such as EU-based GDPR-compliant infrastructure, TLS in transit, and voice audio used for transcription but not stored after processing.

Voice expense logging: Log purchases by speaking naturally; ARKAD converts speech into structured transactions to minimize manual entry friction (Premium offers unlimited voice inputs; Free includes 30).

Fast, category-based budgeting: Create budgets quickly, set spending limits by category, and track progress in a straightforward flow designed to avoid “spreadsheet guilt” and complexity.

Goal tracking + net worth overview: Track financial goals and view a net-worth snapshot to see progress over time in one clean dashboard-style experience.

Secure bank connections (optional): Sync balances and transaction history via licensed EU-regulated open-banking providers (PSD2 compliant) using read-only tokens; ARKAD states it never stores or sees bank credentials.

Privacy & security-first design: EU-based infrastructure with GDPR compliance, TLS encryption in transit, and a stated policy that financial data/voice recordings are not retained for training AI models.

Simple plans with no ads: Free plan includes core features and no ads; Premium adds unlimited voice, priority support, bank connections, and encrypted backups.

Use Cases of ARKAD Wallet - Budget & Tracking

Personal daily spending control: Individuals can quickly log expenses (especially on the go via voice), keep category budgets, and monitor month-to-month progress without complex setup.

Busy professionals minimizing admin time: People with limited time can use voice input and (optionally) bank sync to reduce manual entry and keep an up-to-date view of spending and balances.

Students or first-time budgeters: New budgeters can adopt a simple framework with clear categories and goals, avoiding finance jargon while building consistent habits.

Household financial planning: Families can track shared spending categories (groceries, utilities, subscriptions) and align on goals by maintaining a clear budget structure and net-worth view.

Privacy-conscious users in regulated regions: Users who care about data handling can benefit from EU-hosted, GDPR-aligned infrastructure, plus policies around not storing bank credentials and not retaining voice audio after transcription.

Pros

Low-friction tracking via voice input, reducing the main barrier of manual expense entry

Optional bank syncing through PSD2-compliant providers while stating bank credentials aren’t stored

Clear, minimal workflow focused on essentials (budgets, categories, goals, net worth) rather than feature overload

Strong privacy/security positioning: EU-based GDPR-compliant infrastructure and TLS in transit

Cons

Free plan limits voice inputs (30); unlimited voice requires Premium subscription

Bank connections and encrypted backups are positioned as Premium features, potentially limiting full automation for free users

Requires trust in third-party transcription processing for voice input (even if audio is not stored after processing)

How to Use ARKAD Wallet - Budget & Tracking

1) Install ARKAD Wallet: Download ARKAD Wallet from the App Store or Google Play and install it on your device.

2) Create an account and sign in: Sign up and log in using your email and login details (the app stores account info like email/login, plus what you enter such as transactions, accounts, budgets, and goals).

3) Choose how you’ll track money (manual vs bank sync): Decide whether you want to track finances manually (no bank sync required) or enable bank connections for automatic syncing.

4) (Optional) Connect your bank accounts for automatic updates: Use the in-app bank connection flow to authenticate directly with your bank via EU-regulated open-banking providers (PSD2 compliant). ARKAD Wallet does not store or see your bank credentials; it receives read-only tokens and then syncs balances and transaction history needed for your overview.

5) Create your budget categories: Set up budget categories that match your real spending (e.g., groceries, rent, transport). Keep it simple so it’s easy to maintain daily.

6) Set budgets by category: Assign spending limits/targets per category so ARKAD can track progress against your plan.

7) Add goals: Create financial goals you want to track (e.g., saving targets) so the app can show progress over time.

8) Log expenses quickly using voice input: Tap voice input and speak your purchase naturally; ARKAD transcribes it into a clean transaction. Voice audio is sent for transcription and is not stored after processing. Free plan includes 30 voice inputs; Premium includes unlimited voice inputs.

9) Log expenses manually when needed: Add transactions by typing if you prefer or when voice input isn’t convenient; keep transactions organized under the right categories.

10) Review your budget progress regularly: Check category spend vs budget to see where you’re on track or overspending, and adjust budgets/categories as your month evolves.

11) Track your net worth overview: Use the net worth view to monitor overall financial progress and see growth over time as you repeat the workflow.

12) Use the app as a repeatable workflow (“Repeat & grow”): Keep the habit: log spending (voice/manual), review category budgets, and track goals/net worth to build consistent financial structure.

13) Upgrade to Premium if you need more automation: Upgrade for unlimited voice inputs, bank connections, encrypted backups, and priority support (priced around €2.49/month, shown as 9.99 zł in the FAQ).

14) Manage privacy and data controls: Know what’s collected: what you enter (transactions/accounts/budgets/goals), account info (email/login), anonymous usage analytics, and technical crash/error logs. The app states it does not collect bank credentials or payment card details, uses TLS encryption in transit, and does not use your data to train AI models.

15) Delete your data if you want to stop using ARKAD Wallet: Request data deletion at any time; ARKAD Wallet will remove your data from their systems and providers (they aim to make this self-serve in-app).