PRIVACY POLICY - WHAT DOES THE BANK OF MARION 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 The Bank of Marion chooses to share; and whether you can limit this sharing.
|
Reasons we can share |
Does The Bank |
Can you limit |
|---|---|---|
| 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 | Yes | No |
| 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 our affiliates to market to you | No | We don't share |
| For nonaffiliates to market to you | No | We don't share |
Questions? Call 1-800-772-1807 or go to www.bankofmarionva.com
WHO WE ARE
Who is providing this notice?
The Bank of Marion
WHAT WE DO
How does The Bank of Marion 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 The Bank of Marion collect my personal information?
We collect your personal information, for example, when you:
- open an account or deposit money
- apply for a loan or provide employment information
- 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 nonfinancial companies.
- The Bank of Marion has no affiliates
Nonaffiliates - Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- The Bank of Marion 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.
- Direct marketing companies that agree to offer, endorse, or sponsor a financial product offered by The Bank of Marion.
OTHER IMPORTANT INFORMATION
The Bank of Marion is committed to protecting your privacy by maintaining physical, electronic and procedural safeguards in compliance with federal regulations to guard your nonpublic personal information.
ONLINE PRIVACY STATEMENT
We are dedicated to and ever vigilant about maintaining the security of our customers’ personal data.
In addition, we protect our customers’ privacy and confidentiality. We strive to be fully transparent and forthcoming about our practices for data collection and the protection of customer information we receive from visitors to our website, our mobile applications, and responses to our web advertising.
We collect limited information from customers and potential customers who execute online application forms for banking services such as loans, checking accounts, debit cards, and credit cards. We also collect information via contact forms and surveys. Such information is necessary for us to provide appropriate responses to and services for our customers and enquiries from potential customers.
- We use third-party vendors, such as Google, to distribute and display advertisements via the internet to the public in our service area.
- Through responses to these ads, we may collect lists of visitors to whom we may resend advertisements.
- Our ad vendors may use cookies or device identifiers to accommodate remarketing of ads. Remarketing means the recipient of an ad is sent a later follow-up ad.
- Visitors can opt-out of data collection cookies or device identifiers sent by Google.
- Visitors can opt-out of data collection cookies or device identifiers from other third-party vendors.
The Bank of Marion mobile banking app
Consumers or businesses who use our online application forms should understand that it is necessary for us to have access the device upon which the application was made. By making an online application, consumers or businesses thereby grant us permission to access their devices as follows and for the reasons stated:
Access to the device’s camera – for mobile remote deposits
Access to the device’s location – for maps
Access to external storage – for pertinent files and media stored on the device
Access to contact lists – for uploading needed contact lists
Access to stored images – for receipt capture and mobile remote deposits
Links from our website to other websites
External websites that you may access from our website via hyperlink are not covered by The Bank of Marion’s privacy policy. The Bank of Marion has no control over any site hyperlinked from The Bank of Marion’s website and is not responsible for any hyperlinked site. The Bank of Marion provides hyperlinks only as a convenience and does not imply any endorsement of a hyperlinked site. In no event shall The Bank of Marion be responsible for your use of a hyperlinked site.
Children’s Online Privacy:
We recognize that protecting children's identities and privacy is important. We comply with the practices established under the Children's Online Privacy Protection Act (COPPA). We do not knowingly market to or solicit information from children under 13 without parental consent.
We share a few entertaining websites for children and teens on our Kid’s Club page. We consider them to be age appropriate. However, parents or guardians should review these external websites before allowing children to access them.
Changes to the Online Privacy Statement:
The Bank of Marion reserves the right to change/amend the Online Privacy Statement as needed to reflect legal and regulatory changes or if there are changes in the Bank’s policies/procedures that would affect the statement.
Who to contact to discuss the Privacy Statement?
Please call toll free (800)-772-1807 or locally at (276)-783-3116 and ask to speak with the Online Banking Administrator.