Gramm-Leach-Bliley Act Privacy Notice
What does Ponce bank do with your personal information?
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. 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
- Credit history
- Account transactions
- Wire transfer instructions
When you are no longer our customer, we continue to share your information as described in this notice.
Sharing your personal information
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 Ponce 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 Ponce Bank share? - Yes
Can you limit this sharing? - No
For our marketing purposes
to offer our products and services to you
Does Ponce Bank share? - Yes
Can you limit this sharing? - No
For joint marketing with other financial companies
Does Ponce Bank share? - No
Can you limit this sharing? - No
For our affiliates' everyday business purposes
information about your transactions and experiences
Does Ponce Bank share? - No
Can you limit this sharing? - No
For our affiliates' everyday business purposes
information about your creditworthiness
Does Ponce Bank share? - No
Can you limit this sharing? - No
For nonaffiliates to market to you
Does Ponce Bank share? - No
Can you limit this sharing? - No
Questions? Call 718-931-9000
How does Ponce 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 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.
How does Ponce Bank protect my personal information?
We collect your personal information, for example, when you
- Open an account
- Apply for a loan
- Make deposits or withdrawals from your account
- Make a wire transfer
- Show your government-issued ID
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. 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 non-financial companies. Ponce Bank does not share with our affiliates.
Nonaffiliates - companies not related by common ownership or control. They can be financial and non-financial companies. Ponce 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. Ponce Bank doesn't jointly market.