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Privacy Policy

What Does Bank Independent Do With Your Personal Information?

Rev. Nov 2018

Why What and How
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
  • Credit history and payment history
  • Account balances and account transactions
When you are no longer our customer, we continue to share information about you 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 Bank Independent chooses to share, and whether you can limit this sharing.
Reasons We Can Share Your Personal Information
Reasons We Can Share Your Personal Information Does Bank Independent 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 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 our non-affiliates to market to you  No We Don't Share
Questions
Questions?                      Call 877-865-5050 or go to bibank.com
What We Do
What We Do
How does Bank Independent 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 required to comply with our Code of Ethics, Privacy and Information Security policies in regard to the proper use, protection and safeguarding of customer information. 
How does Bank Independent collect my information?
We collect your personal information, for example, when you

  • Open an account or deposit money
  • Pay your bills or apply for a loan
  • Use your credit or debit card
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 non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies.

  • Bank Independent does not share with affiliates.
Non‑Affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies.

  • Bank Independent does not share with non-affiliates so they can market to you.
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you.

  • Our joint marketing partners include companies that provide Bill Pay services, information about the Bank’s debit and credit cards, and other product and service marketing companies.