Privacy Policy
What does Readlyn Savings 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 and income
- account balances and payment history
- credit history checking account information
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 Readlyn Savings Bank chooses to share; and whether you can limit this sharing.
What we do.
How does Readlyn Savings 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.
How does Readlyn Savings Bank collect my personal information?
We collect your personal information, for example, when you
- open an account or deposit money
- make deposits or withdrawals from your account or apply for a loan
- use your 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
Affiliates - Companies related by common ownership or control. They can be financial and non-financial companies.
*Readlyn Savings Bank does not share with our affiliates
Non-affiliates - Companies not related by common ownership or control. They can be financial and non-financial companies.
*Readlyn Savings Bank 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.
*Readlyn Savings Bank does not jointly market
Readlyn Savings Bank values the trust our customers place in us and the Bank is committed to ensuring the security and confidentiality of customer information and protecting that information. Information about our customers is held in confidence by the Bank and no employee of Bank shall divulge any non-public information of a customer or discuss the business of a customer with anyone outside the bank without the customer's prior written consent or as permitted by law.
It is the policy of Bank to comply with all requirements imposed on the Bank by the Gramm-Leach-Bliley Act of 1999 regarding the safekeeping of customer information. The Bank follows its established standards for administrative, technical and physical safeguards of customer records. Additionally, the program shall meet the standards mandated by the interagency guidelines establishing standards for safeguarding customer information.
The Bank will collect, retain, and use the information about customers only where such information is believed to be useful and allowed by law to administer the business of Bank to provide products, services and other financial opportunities to its customers.
The Bank will review the measures that it has taken to safeguard customer information. The review takes into account the on-going changes in technology and the internal and external changes that the Bank goes through in addition to the complexity and scope of the Bank's activities.
Tips for Safe Electronic Banking
While Readlyn
Savings Bank (RSB) will deploy industry-standard security measures to protect
your data, you will have to safeguard your data from identity thieves and hackers. When it comes to securing your own data,
there are some basic but crucial steps you can take protect yourself.
Use proper
password strategies. Even though RSB requires a strong password, if you store
banking data on your computer or mobile devices, make sure they are password
protected. If your computer or phone is ever lost or stolen, it will make it
that much more difficult for would-be thieves to access your data. If you have
trouble remembering all your passwords, rather than risk getting a written
password list stolen or misplaced, you can use a password manager app that will
store all your passwords. That way, you will only need to remember the password
for the password manager.
Keep your
devices updated. Just as RSB keeps their security up-to-date, you need to make sure the
software on your devices is updated as well. Computer manufacturers and mobile
device makers update their software regularly, not only with new features, but
with important security updates. You also need to update the antivirus,
firewall and security software on your computer. Make sure your bank's app is
updated on your mobile devices.
Never share
your bank or personal information. Hackers and identity thieves can use sophisticated
tricks to get you to reveal personal information. They can create fake websites
that look like your bank, emails that appear legitimate and phone calls that
will try to scare you. Readlyn Savings Bank will never send you a request
asking for your personal or banking information. Contact RSB directly using the
contact information you already have if you receive any type of request. Don't
reply to an email or phone call, even if they seem legitimate.
When it comes
to security, not every network is created equal. Even if your computer and devices are
secure, if you access your bank from an unsecured network, your data can be
compromised. Connecting to the public Wi-Fi at your local coffee shop might be
free, but using it can expose your personal data to thieves. Wait to access
important sites, such as your bank or email account, from your home network. If
you need to access your bank while away from home, use the bank app on your
phone while you are connected to your mobile provider.
You can secure
your connection to the internet by using a virtual private network, or VPN.
Reliable VPN software will usually come with a monthly fee but is a necessity
if you need to access your banking information from unfamiliar networks.
Sign up for Alerts From Readlyn Savings Bank
RSB will allow
you to set up alerts for unusual activity through their web portal or mobile
app. You have an alert come to your mobile phone as a text or sent as an email.