The EU General Data Protection Regulation (GDPR), which comes into effect on May, 25th, 2018, uniformly regulates the collection and processing of personal data for all companies operating in the EU.
In order to meet the new regulation we have adapted and agreed our terms and conditions in cooperation with our bank partner solarisBank, to ensure that we process all customer data in accordance with the GDPR in time for the May 2018 deadline. The GDPR is introduced in order to standardize the collection and processing of personal data throughout Europe. In addition, the GDPR strengthens individual rights with regard to personal data.
Here is an overview of our updates in connection with the GDPR:
Your rights are extended. As soon as you delete your Kontist account, we will initiate the termination of your business bank account and remove all your data, including transactions, from our system. Our partner, the solarisBank, will continue to store your banking data as is legally required.
All your banking data is available to you. You can export an overview of your transactions in just a few clicks. In addition, you will receive monthly statements with your transactions and balance at the end of the period as well as a quarterly statement of accounts with all fees and costs incurred.
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