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Privacy

Rev. 07/2015

FACTS: What does Independence 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 information
  • 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 customer's personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer's personal information; the reasons Independence Bank chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information Does Independence 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 No We don't share
For joint marketing with other financial companies No We don't share
For our affiliates’ everyday business purposes-information about your transactions and experiences No We don't share
For our affiliates’ everyday business purposes-information about your creditworthiness No We don't share
For non-affiliates to market to you No We don't share

 

Questions? Call 888-824-8873 or go to www.independence-bank.com

 

Who we are
Who is providing this notice? Independence Bank

 

What we do
How does Independence 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.
How does Independence 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
  • Use your credit or debit card

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 non-affiliates 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.       
                                                                                                                                 
  • Independence Bank has no affiliates          
Non affiliates Companies not related by common ownership or control. They can be financial and non-financial companies.            
                                                                   
  • Independence 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.
                                                                                                     
  • Independence Bank doesn't jointly market

 


 

   Privacy Notice Rev. 7.10.2015

Our Business Is Small Business.
1370 S County Trl., East Greenwich, Rhode Island 02818   |   888-824-8873