Information collection: Banks collect personal information to provide services, and may also collect non-personally identifiable data like website usage statistics, often using cookies and similar technologies.
Information usage: Data is used for the bank's operations and to provide agreed-upon services. Banks will not sell or rent your personal information to third parties.
Information disclosure: Sharing with third parties is restricted, but permitted under specific conditions such as:To complete a transaction initiated by you.
With your explicit authorization.
To perform support services through an outsourced entity that conforms to the bank's privacy policy.
To comply with legal or regulatory requirements.
Data security: Banks implement physical, electronic, and procedural safeguards to protect your information from unauthorized access, misuse, and loss.
Data retention: Information is retained for as long as needed for the purpose it was collected or as long as required by law. For example, some customer data may be retained for several years after an account is closed.
Exceptions: Information freely available in the public domain is not considered private. Also, unsolicited information provided by the customer is not considered confidential and can be used freely.