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Privacy Policy
Rev. 12/2014
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| FACTS |
What does Welcome State 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
- Account balances
- Payment history
- Transaction history
- Overdraft history
- Checking account information
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 Welcome State Bank chooses to share; and whether you can limit this sharing. |
| Reasons we can share your personal information |
Does Welcome State Bank share? |
Can you limit this sharing? |
| For our everyday business purposes- such as to process your transaction, 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 |
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For our affiliates' everyday business purposes- information about your transactions and experiences |
No |
We don't share |
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For our affiliates' everyday business purposes- information about your creditworthiness |
No |
We don't share |
| For nonaffiliates to market to you |
No |
We don't share |
| Who we are |
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| Who is providing this notice? |
Welcome State Bank
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| What we do |
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| How does Welcome State 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 restrict access to nonpublic personal information about you to those employees who need to know to provide products and services to you.
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| How does Welcome State Bank collect my personal information? |
We collect your personal information, for example, when you
- Open an account
- Apply for loan
- Make deposits or withdrawals from your account
- Give us your contact information
- Show your government-issued ID
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
States laws and individual companies may give you additional rights to limit sharing. |
| Definitions |
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| Affiliates |
Companies related by common ownership or control. They can be financial and non-financial companies.
- Welcome State Bank has no affiliates.
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| Nonaffiliates |
Companies not related by common ownership or control. They can be financial and non-financial companies.
- Welcome State Bank does not share with nonaffiliates so they can market to you.
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| Joint Marketing |
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
- Welcome State Bank doesn't jointly market.
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| Other Important Information |
For Alaska, Illinois, Maryland and North Dakota Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketings - without your authorization.
For California Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization. We will also limit our sharing of personal information about you with our affiliates to comply with all California privacy laws that apply to us.
For Massachusetts, Mississippi and New Jersey Customers. We will not share personal information from deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing - without your authorization.
For Vermont Customers. We will not share personal information with nonaffiliates for them to market to you without your authorization and we will not share personal information with affiliates or for joint marketing about your creditworthiness without your authorization. |
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