End-User License Agreement (EULA)

Last Updated: May 13, 2026

This End-User License Agreement ("Agreement" or "EULA") is the THIRD AND FINAL document in the Bank Extract legal framework. It is the ONLY document displayed during the Software installation process. However, it works in concert with — and is inseparable from — our Terms of Service and our Privacy Policy. These three documents together constitute the complete legal agreement between you ("User", "you") and Bank Extract, operated by an independent developer (individual, persona física) registered as a monotributista under the laws of the Republic of Argentina ("Provider", "we", "us").

By clicking "I Accept" during installation, downloading, activating, accessing, or using the Bank Extract desktop software ("Software"), you confirm that you have:

read, understood, and agreed to this EULA;
read, understood, and agreed to our Terms of Service;
read, understood, and agreed to our Privacy Policy.

IMPORTANT NOTICE — THIS IS A LEGALLY BINDING AGREEMENT

If you have not read the Terms of Service or the Privacy Policy, you must do so BEFORE completing this installation. If you do not agree to ALL THREE documents, you must NOT install the Software and must immediately cease all use. Uninstall any existing copies and delete all related files from your device.

This EULA governs the specific licensing rights, installation conditions, and software-use restrictions that apply to the desktop application. For matters concerning service-level rules, payments, refunds, dispute resolution, and broader service policies, see our Terms of Service. For matters concerning data collection, retention, your privacy rights, and the local-first architecture, see our Privacy Policy. All three documents are cross-referenced herein and must be read as a single integrated agreement.

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1. License Grant & Scope

Bank Extract grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable personal license to download, install, and use the Software solely for your personal or internal business purposes, subject to the terms of this Agreement and the accompanying Terms of Service.

You must be at least 18 years of age (or the age of legal majority in your jurisdiction, whichever is greater) to purchase or use the Software. By installing or using the Software, you represent and warrant that you meet this requirement.

The Software is not available to any User who has been previously suspended or whose license has been revoked under this Agreement or the Terms of Service. We reserve the right to deny access at our sole discretion.

1.1 Device Seat Limit

Each Desktop Pro license includes 2 device activations: one for your primary computer and one for a secondary device (e.g., a laptop). Team Pack licenses include up to 25 Seats under a centralized License Key. If you require additional seats, you may purchase them through our website or getting in touch with support@bank-extract.com. Your license authorizes use on a number of devices equal to the number of seats agreed upon at the time of purchase. See Terms of Service 6.1 for full license tier details.

1.2 Acceptance Upon Installation

This EULA is presented to you during the Software installation process via a clickwrap acceptance screen. You must actively click "I Accept" or an equivalent affirmative action to proceed with installation. This click constitutes your electronic signature and manifests your unequivocal assent to this Agreement, the Terms of Service, and the Privacy Policy as a single integrated legal framework. You may not install or use the Software without completing this acceptance step.

1.3 Scope Exclusion — Web Demo

This EULA applies exclusively to the Bank Extract Desktop Pro software that you install on your device. It does NOT apply to the free Web Demo available at bank-extract.com/app. The Web Demo is a separate, browser-based service governed solely by our Terms of Service and Privacy Policy, accessible without installation or License Key. Use of the Web Demo does not require acceptance of this EULA and does not grant any rights under this Agreement.

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2. Local-First Architecture & Your Data Responsibility

Bank Extract operates with a 100% local extraction engine. The Software processes all data exclusively on your local device using the proprietary TextBounds coordinate-based extraction algorithm.

Your PDF files, bank statements, account numbers, transaction details, and any generated output files (including Excel, CSV, or other formats) never leave your computer and never touch our servers. You acknowledge that you are solely responsible for the security and integrity of your device and any files on it. We are technically unable to recover lost or deleted files, as we do not receive, store, or back up your data at any point.

The Software does not send your files to OpenAI, Google Cloud, or any third-party API. All extraction is performed locally.

Because of this local-first architecture:

·We cannot access your documents even if requested by you or by legal order.
·We cannot provide cloud backup, sync, or recovery services.
·The security of your documents depends entirely on the security of your own computer.
·You must keep your device free of malware and maintain your own backup strategy.

For full details on how we handle data (or, more precisely, how we do NOT handle your data), see our Privacy Policy 01 – 06.

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3. Permitted Use

You may install and use the Software on devices you own or control for personal financial management, professional accounting and bookkeeping tasks, internal business workflows, and any other lawful purpose consistent with this Agreement and the Terms of Service. Use by accountants, bookkeepers, financial advisors, and business owners for client-facing workflows is permitted, provided each individual end-user has their own valid license. Sharing a single license among multiple professionals in a firm is prohibited unless a Team Pack license with sufficient Seats has been purchased. See Terms of Service 6.1 and 8 for license sharing rules.

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4. Prohibited Use

You are expressly prohibited from doing any of the following. Violation of any item in this list will result in immediate and permanent revocation of your license, deletion of your License Data within 30 days, and a ban on future purchases:

Reverse engineering or decompiling: You may not reverse-engineer, decompile, disassemble, analyze, or attempt to derive the source code, algorithms, or internal logic of the Software.

Redistribution or resale: You may not redistribute, resell, sublicense, rent, lease, or transfer the Software or your license to any third party.

License Key sharing: You may not publish, post, share, or disclose your License Key publicly or make it available to any person who has not purchased the Software.

Excess device use: You may not use the Software on more devices simultaneously than the number of Seats covered by your purchased license or permitted use.

Circumventing license verification: You may not modify, bypass, disable, or interfere with any license verification, activation, or anti-piracy mechanisms in the Software.

Derivative works: You may not modify, adapt, translate, or create derivative works based on the Software.

Competing products: You may not use the Software to develop a competing product or service.

Automated interaction: You may not use automated scripts, bots, or other means to interact with the Software beyond normal human use.

Proprietary notices: You may not remove, alter, or obscure any proprietary notices, labels, or marks on or in the Software.

Data extraction: You may not attempt to extract, scrape, or harvest any data from the Software's internal structures.

Software integrity: You may not use the Software in any manner that could damage, disable, overburden, or impair the Software.

Unlawful use: You may not use the Software for any illegal, fraudulent, or unauthorized purpose.

If a License Key is discovered on any public forum, repository, or website, Bank Extract reserves the right to immediately and permanently revoke that license without prior notice and without issuing a refund.

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5. License Verification & Activation

The Software is a desktop application with a 100% local extraction engine. Your files never leave your computer. The following describes how the license system handles internet connectivity — simply and transparently.

Activation

You activate once

Enter your email and License Key. A one-time network request verifies your purchase, binds the license to your Device ID, and stores a cryptographic token locally. After activation, no persistent connection is maintained.

Days 1 – 60

100% offline

No internet required. No tracking. Work freely for up to 60 days — your license is verified locally using the cryptographic token stored on your machine.

Day 60

Automatic silent renewal

On day 60, the software silently checks for an internet connection. If available, your license is renewed automatically and the 60-day cycle resets. You'll see a small ✓ confirmation — then it disappears. Nothing is required from you.

If no internet

The app keeps working

The software keeps working normally. Starting at day 80, you'll see a reminder to connect to the internet so the license can renew before it enters a suspended state.

What happens on Day 90?

If the software hasn't been able to renew for 90 days, the license enters a suspended state. Your files and data are never affected — no data is deleted or modified. Simply reconnect to the internet and re-enter your email and License Key to reactivate. It takes a few seconds. Your lifetime license itself does not expire; only the active verification enters a temporary suspension that is immediately reversible.

During any verification check, the only data transmitted to our license verification server is:

Your Email License Key Device ID IP Address

IP addresses are retained for up to 30 days and automatically purged thereafter. This is standard security practice used solely to detect abuse, prevent fraud, and ensure the integrity of our license system. These logs are not used for tracking, profiling, or advertising. For the complete data retention policy, see our Privacy Policy 03.

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6. Ownership & Intellectual Property

The Software is licensed to you, not sold. Bank Extract retains all right, title, and interest in and to the Software, including but not limited to all copyrights, patents, trademarks, trade secrets, and other intellectual property rights. This includes the proprietary TextBounds coordinate-based extraction algorithm. This Agreement does not transfer any ownership rights to you. All rights not expressly granted herein are reserved by Bank Extract.

User Feedback

If you provide suggestions, ideas, feature requests, bug reports, or other feedback, you grant Bank Extract a perpetual, irrevocable, worldwide, royalty-free license to use, reproduce, modify, and exploit such feedback for any purpose without obligation to you.

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7. Lifetime License Scope & Updates

Your lifetime license means you pay once and use the Software indefinitely with no recurring subscription charge. The following clarifies what is and is not included.

Included in your lifetime license

·Permanent access to the version purchased.
·All minor updates, patches, and bug fixes for the purchased version.
·Continued access to your version even if newer paid versions are released.

Optional future features

·Premium features introduced in future major versions are optional and separately priced.
·You are never required to upgrade. Your purchased version always remains fully functional.

All officially released versions of Bank Extract remain available for download at bank-extract.com/downloads for as long as the Service is maintained. While we do not intend to remove previously released versions, we reserve the right to discontinue the Software or any specific version at any time, with reasonable advance notice where possible. You may always return to any prior version you are licensed to use during the period the Service is active.

Software updates are released periodically and must be downloaded and installed manually by you. The Software does not install updates automatically. We are under no obligation to provide updates but may do so at our sole discretion. For update policies, see Terms of Service 16.

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8. Data Accuracy Disclaimer & No Professional Relationship

YOU ARE SOLELY RESPONSIBLE FOR REVIEWING AND VERIFYING THE ACCURACY OF ALL DATA EXTRACTED BY THE SOFTWARE BEFORE USING IT FOR ANY TAX FILING, FINANCIAL REPORTING, ACCOUNTING, OR BUSINESS DECISION.

While Bank Extract's algorithms are designed for precision, results may vary depending on the structural quality and layout of the source PDF. Bank Extract is not responsible for any errors, omissions, or inaccuracies in extracted data, nor for any consequences arising from reliance on unverified output.

The Software extracts data from PDF files using coordinate-based text extraction (TextBounds) — it reads the raw digital text layer of the PDF. It does not use OCR (Optical Character Recognition), AI-based guessing, or any form of intelligent interpretation. Extraction accuracy depends entirely on the structure and quality of the source PDF, which varies significantly between financial institutions.

No Professional Relationship: Your use of the Software does not create any professional-client, fiduciary, or advisory relationship between you and the Provider. We do not provide financial, accounting, tax, legal, or professional advice of any kind. For the full disclaimer of liability, see Terms of Service 9 and 10.

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9. No Warranty & Limitation of Liability

THE SOFTWARE IS PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, INCLUDING THE ARGENTINE CIVIL AND COMMERCIAL CODE AND LEY 25.326 DE PROTECCIÓN DE DATOS PERSONALES, BANK EXTRACT EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.

Without limiting the foregoing, we do not warrant that: (a) the Software will meet your requirements; (b) the Software will be uninterrupted, secure, error-free, or free of harmful components; (c) results will be accurate, complete, or reliable; (d) errors will be corrected; or (e) the Software will be compatible with all PDF formats.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BANK EXTRACT SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR GOODWILL, ARISING FROM YOUR USE OF OR INABILITY TO USE THE SOFTWARE. BANK EXTRACT'S TOTAL CUMULATIVE LIABILITY FOR ALL CLAIMS SHALL NOT EXCEED THE GREATER OF: (A) THE AMOUNT YOU PAID IN THE 12 MONTHS PRECEDING THE CLAIM, OR (B) USD $100.00.

This limitation applies regardless of the legal theory (contract, tort, negligence, strict liability, or otherwise) and even if we were advised of the possibility of such damages.

Jurisdictional Note: Some jurisdictions do not allow certain liability limitations. In such jurisdictions, our liability is limited to the maximum extent permitted by law. For the complete limitation of liability framework, see Terms of Service 10.

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10. Termination, Refunds & Indemnification

10.1 Breach of Agreement

If you violate any provision of this Agreement, your license will be immediately and permanently revoked without prior notice. You will be banned from future purchases. You must immediately cease using and uninstall the Software.

Additional revocation grounds include: (a) a refund is processed for a verified technical failure, (b) your license is found to be used on more devices than permitted, (c) we receive a valid legal order requiring revocation, (d) we reasonably believe the license was obtained through fraud, or (e) you initiate a chargeback or payment dispute in bad faith.

Initiating a chargeback, payment reversal, or dispute without first contacting us is a material breach of this Agreement. We reserve the right to immediately suspend or revoke your License Key, deny you future access to the Software, and recover any fees, penalties, or costs incurred as a result of the dispute.

Upon revocation, all associated License Data (your name, email address, License Key, Device ID, license status, and any retained IP address logs) will be permanently deleted from our database within 30 days, as further detailed in our Privacy Policy §03 and Terms of Service §8.1. Your local files, PDFs, and extracted data are never affected — they remain exclusively on your device.

Upon suspension (for example, after 90 days without verification), the Software becomes inactive but your License Data is retained. Your lifetime license itself does not expire; only the active verification enters a temporary suspension that is immediately reversible. You may reactivate by reconnecting to the internet and re-entering your credentials.

10.2 Refunds

ALL SALES ARE FINAL.

A free Web Demo is available at bank-extract.com/app for evaluation before purchase. By purchasing the Software, you acknowledge that you have had an adequate opportunity to assess its suitability for your needs. Refunds are issued solely at our discretion and only in cases of verified technical failures that prevent the Software from functioning as described, despite reasonable troubleshooting efforts. Refund requests must be submitted within 14 days of purchase to support@bank-extract.com with:

Your License Key and email
A detailed description of the technical issue
Screenshots or screen recordings if applicable

You are expected to notify us as soon as the issue arises — failure to contact support promptly may result in the expiration of the refund window.

License delivery guarantee: If the automated email fails for any reason, we will manually send your License Key within 2 business days. If you do not receive your license within 3 business days of purchase, contact us at support@bank-extract.com and we will resolve it immediately — including a complimentary additional seat for the inconvenience.

If a refund is processed — whether initiated by us or by our payment provider, Paddle — the license is immediately revoked and all associated License Data is permanently deleted from our database within 30 days. You must stop using and uninstall the Software. For the complete refund policy, see Terms of Service 7.4.

10.3 Indemnification

You agree to defend, indemnify, and hold harmless the Provider from and against any and all claims, damages, obligations, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:

Your use of or inability to use the Software.
Your violation of any provision of this Agreement or the Terms of Service.
Your violation of any applicable law or regulation.
Any User Data you process through the Software.
Any reliance on the Output generated by the Software.
Any claim by a third party related to your use of the Software.
Your negligence or willful misconduct.

We reserve the right, at your expense, to assume exclusive defense of any matter subject to indemnification, and you agree to cooperate fully. For the complete indemnification framework, see Terms of Service 12.

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11. Third-Party Services & Cookies

The Software incorporates open-source components subject to their own licenses, including but not limited to Jspreadsheet CE, PDF.js, and SheetJS (MIT, Apache 2.0, or similar licenses).

Third-party services used: Paddle (payment processing and Merchant of Record — Paddle is an authorised reseller; you purchase the Product from Paddle, and the Product is made available to you by the Provider under our Terms of Service), Resend (transactional email delivery — receives your email address and License Key solely for purchase confirmation; acts as a data processor under our instructions and does not use your data for any other purpose), and Google Analytics (website cookies only, not in the Software). Your use of these services is governed by their respective terms and privacy policies.

The desktop application does not transmit analytics, telemetry, or usage data, and does not contain any tracking mechanisms. Cookies are used only on our website (bank-extract.com) via Google Analytics with your consent. See our Privacy Policy 09 for details.

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12. Your Privacy Rights & Dispute Resolution

Whether you are in Europe (GDPR), California (CCPA), or anywhere else, you own your data. For details on your rights of access, deletion, and objection, see our Privacy Policy §07. To exercise any of these rights, contact privacy@bank-extract.com or support@bank-extract.com. Both addresses route to the same team and are processed within 30 days.

Arbitration & Class Action Waiver

Please note: any dispute arising under this Agreement shall be resolved in accordance with the binding arbitration, individual proceeding, and class action waiver provisions detailed in our Terms of Service 14. You waive any right to participate in a class action, collective action, or other representative proceeding.

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13. Governing Law

This Agreement is governed by and construed in accordance with the laws of the Republic of Argentina, including applicable consumer protection and data privacy regulations (Ley 25.326 de Protección de Datos Personales), without regard to conflict of law principles. Any disputes arising under this Agreement will first be subject to informal resolution for a period of 30 days via support@bank-extract.com.

If unresolved, disputes shall be submitted to binding arbitration administered by the Centro de Arbitraje de la Bolsa de Comercio de Buenos Aires under its applicable rules, by a single arbitrator, in the city of Buenos Aires, Argentina, in the Spanish language (with English translation available upon request). The arbitrator's decision shall be final and binding, as detailed in Terms of Service 14.

Either party may bring an individual action in small claims court. Either party may seek injunctive or equitable relief in a court of competent jurisdiction to protect intellectual property rights.

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14. Changes to this Agreement

We reserve the right to modify this EULA, the Terms of Service, or the Privacy Policy at any time. Material changes will be communicated by updating the "Last Updated" date and, where feasible, by email notification. Your continued use after changes constitutes acceptance. If you disagree, stop using the Software. For the complete policy on changes, see Terms of Service 23.

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15. Export Compliance

You agree to comply with all applicable export control laws. You represent that you are not located in a country subject to comprehensive sanctions and are not on any government list of prohibited or restricted parties.

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16. Force Majeure

The Provider shall not be liable for failure or delay in performance caused by events beyond reasonable control, including but not limited to: natural disasters, war, terrorism, cyberattacks, government action, sanctions, epidemics, pandemics, labor disputes, internet outages, power failures, or third-party service failures (including Paddle's payment infrastructure).

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17. Entire Agreement, Integration & Severability

This EULA, together with our Terms of Service and Privacy Policy, constitutes the entire agreement between you and Bank Extract and supersedes all prior understandings regarding the Software. These three documents must be read as a single integrated legal framework. No provision in one document may be interpreted in isolation from the others.

If any provision of this Agreement is held to be invalid or unenforceable, it shall be modified to the minimum extent necessary to remain valid, or severed only if modification is not possible. The remaining provisions will continue in full force and effect. Provisions that by their nature should survive termination do survive, including ownership, warranty disclaimers, indemnification, liability limits, dispute resolution, and governing law.

This Agreement is originally drafted in English. In the event of any conflict between this English version and a translation, the English version shall prevail.