FACTS
WHAT DOES VERSABANK USA N.A. 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
- Account balances and payment history
- Transaction history and credit history
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 VersaBank USA chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does VersaBank USA 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 |
YES | NO |
| 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 nonaffiliates to market to you | NO | WE DON'T SHARE |
Questions?
Call 320-746-2261 or go to www.vbholdingford.com
Who we are
Who is providing this notice?
VersaBank USA
What we do
How does VersaBank USA 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 VersaBank USA collect my personal information?
We collect your personal information, for example, when you
- open an account or perform transactions
- pay your bills or reload funds
- use your prepaid card
We also collect your personal information from others, such as credit bureaus, affiliates, and 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 nonfinancial companies.
- VersaBank USA only shares information with affiliates about your transactions and experiences for its everyday business purposes.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- VersaBank USA 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.
- VersaBank USA doesn't jointly market.
Other important information
| You may have other privacy protections under applicable state laws. To the extent these state laws apply, we will comply with them when we share information about you. |
| California and Vermont: In accordance with state law, we will not share your personal information with nonaffiliates except as permitted by law, including for example, for our own marketing purposes, for everyday business purposes, such as servicing your account, or with your consent. |
| Nevada: You are being provided this notice pursuant to Nevada law. You may be placed on our internal Do Not Call List by following the directions in the To Limit our Sharing section above. Nevada law requires that we provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington Ave., Suite 3900, Las Vegas, NV 89101; Phone number: 702-486-3132; email: [email protected]. |
| North Dakota: In accordance with North Dakota law, we will not share information we collect about you with companies outside of our corporate family, except as permitted by law, including, for example, with your consent, to service your account. Residents of North Dakota are opted out from nonaffiliate marketing by default. We will limit sharing among our companies to the extent required by North Dakota law. |
| Telephone Communications: All telephone communications with us (or our authorized agents) may be monitored or recorded. |
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