Moneylab collects personal and financial information from you when you register for a Moneylab account. The registration process is the same regardless of which platform you use to complete the registration.
- To complete the registration, you must provide:
- Email address
- First Name
- Last Name
- Password (the password must be a minimum of 8 characters)
- The household structure (just you, you & partner, couple & kids, you & kids or other)
- Date of birth
You will be asked a number of other questions during the registration process. If you don’t feel comfortable providing the information you can skip most questions. Skipping these questions may limit the effectiveness of insights and analysis we share with you during the use of the service – but it won’t affect the functionality you have access to.
The important thing to know is that we promise to never share this information with anyone else without your consent. And all the information we collect from you is protected with the best practices and encryption technology available.
We also ask you to enter your login credentials so we can connect your accounts to the Moneylab service. This is one of the most important (and sensitive) parts of setting up the Moneylab service. Connecting accounts is the key to Moneylab providing you with a complete picture of your money, monitoring your spending, helping you create a budget and providing you with insights about your money. Without connecting your accounts, you will get limited value from Moneylab – and the more of your accounts you connect, the more valuable it will be.
Connecting accounts requires you to provide your online User Id and Password credentials for each financial institution you have accounts with. Understandably, you may be concerned about the security of the Moneylab system. In short, the Moneylab system is highly secure and employs many forms of encryption and security controls to protect your data. Please refer to the security section of the Moneylab website for information on security.