Terms of use

Last updated November 9, 2026

These terms describe use of Penny’s expense-organizing tools. Read them alongside the privacy policy.

Early access and your account

Penny is currently invite only. Join the waitlist to request an invitation. Keep your sign-in details private and use records you are authorized to access.

Your records and decisions

Review entered and imported transactions, merchant names, categories, splits, and reimbursement balances. AI merchant suggestions need your review. Compare your records with your statements to keep reports accurate.

What Penny does

Penny helps you organize expenses, explore spending, and track shared purchases. Record repayments after receiving them to keep outstanding balances up to date. Reports support your own financial decisions.

Statement imports

Import positive expenses from CSV, XLS, and XLSX files in your selected workspace currency. Changing the currency setting changes how amounts are displayed; saved amounts stay the same. Review dates, amounts, duplicates, and categories. Keep income, refunds, transfers, and credit-card payments separate from expenses. Reports reflect the purchases you confirm.

Pricing and payments

Free includes manual expense tracking, categories and splits, reports, and reimbursement tracking. Plus adds statement uploads and AI merchant identification at a planned $1 per month. Early access is free. Future charges require your authorization after the price, renewal terms, and cancellation process are presented.

Cloud saves and availability

Saved records are linked to your cloud account and can be loaded on another device. Internet access and service availability are required. If a save fails, keep the tab open and retry; closing or reloading can lose unsaved edits. Concurrent edits on different devices can cause a conflict. Keep your original statements alongside your Penny records.

Early-access features may change and services may be interrupted or subject to usage limits. For help with account access or deletion, contact the person who invited you.

Acceptable use

Use Penny lawfully, respect access controls and service limits, and upload records you are authorized to use.

Questions and changes

Contact the person who invited you with questions about access or these terms. Product features and these terms may change as Penny develops; the date above identifies the current version.