|
FACTS
|
WHAT DOES PLATINUM
BANK DO WITH
YOUR PERSONAL
INFORMATION?
|
|
|
|
|
Why?
|
Financial companies choose how they share
your personal information. Federal law gives consumers the right to limit
some, but not all sharing. Federal law also requires us to tell you how we
collect, share, and protect your personal information. Please read this
notice carefully to understand what we do.
|
|
|
|
|
What?
|
The types of personal information we collect
and share depend on the product or service you have with us. This information
can include:
§
Social Security number and income
§
Account balances and payment history
§
Credit history and credit scores
When you are no longer our customer, we continue to share your information as
described in this notice.
|
|
|
|
|
How?
|
All financial companies need to share customers’
personal information to run their everyday business. In the section below, we
list the reasons financial companies can share their customers’ personal information; the reasons Platinum
Bank chooses to share; and whether you can limit this sharing.
|
|
|
|
Reasons
we can share your personal information
|
Does Platinum Bank Share?
|
Can you limit this sharing?
|
|
For
our everyday business purposes –
such as to process your transactions,
maintain your account(s), respond to court orders and legal investigations,
or report to credit bureaus
|
Yes
|
No
|
|
For
our marketing purposes –
to offer our products and services to you
|
Yes
|
No
|
|
For
joint marketing with other financial companies
|
No
|
No
|
|
For our affiliates’
everyday business purposes –
information about your transactions and
experiences
|
No
|
No
|
|
For
our affiliates’ everyday business purposes –
information about your creditworthiness
|
No
|
No
|
|
For
non affiliates to market to you
|
No
|
No
|
|
|
|
|
|
Who we are
|
|
Who
is providing this notice?
|
Platinum Bank
|
|
|
|
What we do
|
|
How
does Platinum Bank protect my personal information?
|
To protect your personal information from
unauthorized access and use, we use security measures that comply with
federal law. These measures include computer safeguards and secured files and
buildings.
We have procedures in place to limit access
to information about you to those employees who need to know in order to
provide products and services to you.
We maintain physical and electronic safeguards and have procedures in
place to safeguard this information.
|
|
How
does Platinum Bank collect my personal information?
|
We collect your personal information, for
example, when you
§
Open an account or
deposit money
§
Pay your bills or
apply for a loan
§
Make a wire transfer
We also collect your personal information
from others, such as credit bureaus, affiliates or other companies.
|
|
Why
can’t I limit all sharing?
|
Federal law gives you the right to limit
only
§
Sharing for
affiliates’ everyday business purposes – information about your
creditworthiness
§
Affiliates from using
your information to market to you
§
Sharing for
nonaffiliates to market to you
State laws and individual companies may give
you additional rights to limit sharing.
|
|
|
|
Definitions
|
|
Affiliates
|
Companies related by common ownership or
control. They can be financial and non financial companies.
§
Platinum Bank has no affiliates.
|
|
Non
affiliates
|
Companies not related by common ownership or
control. They can be financial and nonfinancial companies.
§
Platinum bank does not share with non affiliates so they
can market to you.
|
|
Joint
marketing
|
A formal agreement between non affiliated
financial companies that together market financial products or services to
you.
§
Platinum bank does not jointly market.
|
|
|
|
Other important
information
|
|
As a Platinum Bank customer you have
entrusted us with important information about yourself. We take this
responsibility very seriously and are committed to providing multiple
safeguards and a high level of security to constantly protect your personal
and private data.
|