Terms of Service

Last updated, November 15, 2026

1. Your account

To open a Recon account you must give accurate information, be old enough to hold a bank account in your country, and keep your login details private. You are responsible for activity that happens under your account. One person may hold one personal account unless we agree otherwise in writing.

2. Demo mode

Recon currently operates in demo mode. Demo balances, demo transfers, demo cards, demo investments and demo loans are records inside the app only. They are not deposits, not electronic money, and cannot be withdrawn, spent outside the app, or exchanged for real currency. Demo figures carry no cash value.

3. Using the app

• Do not use Recon for fraud, money laundering, or any unlawful purpose.
• Do not try to access another person account, or test or attack the security of the app.
• Tell us straight away through in app support if you believe your account has been compromised.

4. Transfers, cards, investments and loans

Transfers between Recon accounts are instant on the demo ledger. Virtual cards are demo cards for use inside the app. Investment plans and loans shown in the app are demo products with the terms shown at the time you apply, including plan duration, return terms, card issuance fees and loan interest. When live banking launches, separate regulated terms will apply and will be shown to you before you agree to them.

5. Fees

Current fees and limits are listed on the Fees and Limits page. We will always show a fee before it is charged.

6. Closing accounts

You may stop using Recon at any time. We may suspend or close an account that breaks these terms, is used unlawfully, or must be closed for legal or security reasons. Admin actions on accounts are recorded in an audit log.

7. Liability

The app is provided as is during the demo period. To the fullest extent allowed by law, Recon is not liable for losses arising from demo records, which carry no cash value. Nothing in these terms limits liability that cannot be limited by law.

8. Changes

We may update these terms as the service grows. The current version will always be on this page, with the date it was last updated.

9. Contact

Questions about these terms, email [email protected] or message us through in app support.