Rev. 12/2015

Download PDF Version of Philo Exchange Bank Privacy Policy

WHAT DOES PHILO EXCHANGE 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
  • Credit history
  • Credit scores
  • Credit card or other debt
  • Checking account information
  • Wire transfer instructions

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 Philo Exchange Bank chooses to share; and whether you can limit this sharing.

Reasons Philo Exchange Bank Shares 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.

Reasons Philo Exchange Bank Will Not Share Your Information

  • For our marketing purposes – to offer our products and services to you
  • For joint marketing with other financial companies
  • For our affiliates’ everyday business purposes – information about your transactions and experiences
  • For our affiliates’ everyday business purposes – information about your creditworthiness
  • For our affiliates’ everyday business purposes – information about your creditworthiness

How Does Philo Exchange 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 Philo Exchange Bank collect my personal information?

We collect your personal information, for example, when you

  • Open an account
  • Use your credit or debit card
  • Make deposits or withdrawals from your account
  • Apply for financing
  • 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. See below for more on your rights under state law

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

Philo Exchange Bank does not share with our affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies

Philo Exchange 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.

Philo Exchange Bank doesn’t jointly market

Other Important Information

For Illinois Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization.

Questions

Call 217-684-2600