Privacy Policy
What Does Method 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 and overdraft history
- Transaction history and payment history
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 personal information; the reasons Method Bank chooses to share; and whether you can limit this sharing.Reasons We Can Share Your Personal Information
Does Method 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
Does Method Bank Share?
Yes
Can You Limit This Sharing?
No
For our marketing purposes—to offer our products and services
to you
Does Method Bank Share?
Yes
Can You Limit This Sharing?
No
For joint marketing with other financial companies
Does Method Bank Share?
No
Can You Limit This Sharing?
We don’t share
For our affiliates’ everyday business purposes—information
about your transactions and experiences
Does Method Bank Share?
No
Can You Limit This Sharing?
We don’t share
For our affiliates’ everyday business purposes—information
about your creditworthiness
Does Method Bank Share?
No
Can You Limit This Sharing?
We don’t share
For nonaffiliates to market to you
Does Method Bank Share?
No
Can You Limit This Sharing?
We don’t share
Who We Are
What We Do
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 also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
We collect your personal information, for example, when you
– Open an account or deposit money
– Apply for a loan or use your debit card
– Show your driver’s license
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 nonfinancial companies.
– Method Bank has no affiliates
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
– Method Bank does not share with nonaffiliates so they can market to you
Joint Marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
– Method Bank does not jointly market