Facts
WHAT DOES PARAMOUNT 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 account balances
- payment history and credit history
- transaction history and overdraft history
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 Paramount Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
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 Paramount Bank Share? Yes
- Can you limit this sharing? No
For our marketing purposes— to offer our products and services to you
- Does Paramount Bank Share? Yes
- Can you limit this sharing? No
For joint marketing with other financial companies
- Does Paramount Bank Share? Yes
- Can you limit this sharing? No
For our affiliates’ everyday business purposes— information about your transactions and experiences
- Does Paramount Bank Share? No
- Can you limit this sharing? We don’t share
For our affiliates’ everyday business purposes— information about your creditworthiness
- Does Paramount Bank Share? No
- Can you limit this sharing? We don’t share
For our affiliates to market to you
- Does Paramount Bank Share? No
- Can you limit this sharing? We don’t share
For nonaffiliates to market to you
- Does Paramount Bank Share? No
- Can you limit this sharing? We don’t share
To limit our sharing
- Call (833) 731-0229, Mail-in the attached Form or email
customerservice@paramountbank.com
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
However, you can contact us at any time to limit our sharing.
Questions?
Call (833) 731-0229
How does Paramount 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.
Our employees are bound by our Standard of Conduct and Information Security policy which limits access to personal information for legitimate business purposes only and requires them to safeguard confidential information about you.
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.
What happens when I limit sharing for an account I hold jointly with someone else?
Your choices will apply to everyone on your account.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
- Paramount Bank does not share with our affiliates.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Paramount 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.
- Our joint marketing partners include Elan Financial Services, issuer of Paramount Bank credit cards.
