Privacy Policy

Privacy Policy

FACTS

WHAT DOES NEWBANK
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 Date of Birth, Address, Telephone Number
  • Account Balance and Transaction History
  • Credit Scores and Credit History
How? All financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons NewBank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal
information
Does NewBank
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
Yes No
For our marketing purposes –
To offer our products and services to you
Yes No
For joint marketing with other financial
companies
No We don’t share
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 nonaffiliates to market to you No We don’t’ share

 

To limit our sharing
  • Call 800-207-2101 – our menu will prompt you through your choice(s) or
  • Visit us online: www.newbankusa.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 800-207-2101 or go to www.newbankusa.com
Who we are
Who is providing this notice? NewBank
What we do
How does NewBank 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 NewBank collect my personal information? We collect your personal information, for example, when you 

  • open an account or make withdrawals from your account
  • apply for loan or give us your income information
  • make deposits or withdrawals from your account

We also collect your personal information from others, such as credit bureaus.

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? We do not share your information
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • NewBank does not have any affiliates.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • NewBank does not share customer’s information with non-affiliates.
Joint marketing A formal agreement between nonaffiliates financial companies that together market financial products or services to you.

  • NewBank does not place any joint marketing with nonaffililates financial companies
Other important information

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