Republic Bank of Chicago -- Privacy Policy
Revised November 2007
Protecting your privacy is important to Republic Bank of Chicago. In order to provide our customers with a broad range of financial products and services as effectively and conveniently as possible, we use technology to manage and maintain customer information. We want you to understand what information we collect and how we use it. Our goal is to protect your personal information in every way that we interact with you, whether it’s in our lobby, on the telephone, at one of our ATM’s or on the Internet.
PRIVACY POLICY
DEFINITIONS
Affiliates are companies related to us by common control or ownership.
Nonpublic personal information is any personally identifiable nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic personal information includes information regarding your account balance, payment history, and overdraft history.
Nonaffiliated third parties are third parties that are not members of our corporate family.
WHAT INFORMATION WE COLLECT
We may collect "nonpublic personal information" about you from the following sources:
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Information we receive from you on applications or other forms, such as your name, address, social security number, assets and income;
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Information about your transactions with us, our affiliates or others, such as your account balance, payment history, parties to transactions and credit card usage: and
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Information we receive from consumer reporting agencies, such as your creditworthiness and your payment history.
WHAT INFORMATION WE DISCLOSE
As permitted by law, we may disclose nonpublic personal information about our customers and former customers to third parties to assist us in servicing your loan or account with us, to government entities in response to subpoenas or other court orders or to credit bureaus to inform them of your payment history with us.
Also, as permitted by law, we may disclose all of the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements. We will require any company or other financial institution performing marketing services on our behalf to sign a contract to maintain the same high degree of confidentiality of customer information that we expect of our employees.
We may also disclose nonpublic personal information about you to the following types of third parties:
Financial service providers, such as mortgage bankers, securities broker-dealers, and insurance agents;
Non-financial companies, such as retailers, direct marketers, airlines and publishers; and
Others, such as non-profit organizations.
OPT-OUT INFORMATION
If you prefer that we not disclose nonpublic personal information about you to nonaffiliated third parties, you may opt out of those disclosures, that is, you may direct us not to make those disclosures (other than those disclosures permitted by law). On joint accounts, any one account holder may opt out on behalf of all account holders. If you wish to opt out of disclosures to nonaffiliated third parties, you may call the following toll free number: 800/526-9127
OUR SECURITY PROCEDURES
We also take steps to safeguard customer information. We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. We educate our employees about the importance of confidentiality and customer privacy and take appropriate disciplinary measures to enforce employee privacy responsibilities.
PRIVACY POLICY – INTERNET BANKING
Republic Bank of Chicago recognizes the importance our customers place on privacy and the security of their personal information. Our goal is to protect your personal information in every way that we interact with you, whether it’s on the telephone, in our lobby, at one of our ATMs or on the Internet.
We think it is important for you to be informed of the policies, procedures, and security measures we have in place to safeguard your personal and confidential information. We have developed this policy to help you to understand the steps we take to protect your personal information.
PRIVACY UPDATES
New product releases may require changes to our Privacy Policy. The effective date of our policy will always be clearly displayed. We will provide our customers copies of our Privacy Policy on an annual basis. If you have agreed to accept disclosures electronically, we may send you an email telling you where the Privacy Policy can be viewed from our website.
HOW WE GATHER INFORMATION
As part of providing financial products or services, we may obtain information about our customers and consumers from the following sources:
Information we receive from you on applications, emails, or other forms;
Information about your transactions with us, our affiliates, and others;
Information we receive from a consumer-reporting agency; and
Information that is generated electronically when you visit our website or use our Internet Banking services.
PRIVACY FOR INTERNET USERS
Our commitment to safeguard your privacy also extends to the Internet. If you are just browsing through our website, we do not request any personally identifiable information nor do we collect unique information about you unless you voluntarily and knowingly provide us that information, such as when you send us an email or complete an application online. If you provide us this information, it is only used internally and in furtherance of the purpose for which it was provided.
Our Internet financial services provider, FundsXpress Financial Network, Inc. (FundsXpress) may collect general information on our website visitors simply to help us provide banking and other financial services to you online. They collect certain information on our behalf for security and statistical purposes. The information collected for these purposes may include:
The Internet address (referral site) which brought you to our web site;
The date and time you access our site;
The name and version of your web browser;
The Internet service provider you used when you accessed our site;
Your Internet Protocol (IP) address; and
The pages visited in our website.
FundsXpress may use cookies to collect this general information on all website Visitors. They also use cookies for security purposes in our Internet Banking product.
In the future, we may use aggregate, general, non-personally identifiable information to help us market our products and services that may be of interest you.
Additional information about IP addresses and cookies are provided below.
INTERNET PROTOCOL (IP) ADDRESSES
An IP address is a number that’s automatically assigned to your computer whenever you’re on the Internet. Web servers, the computers that ‘serve up’ Web pages, automatically identify your computer by its IP address.
When collecting information for us, FundsXpress does not link IP addresses to anything personally identifiable, which means that a user’s session will be logged, but the user remains anonymous.
FundsXpress may use IP addresses to audit the use of our site. They can and will use IP addresses to identify a user when necessary for security purposes.
WHAT IS A COOKIE?
A cookie is a very small text file sent by a web server and stored on your hard disk or in your browser so that it can be read back later. Cookies cannot ‘read’ information about you from your computer or be used to ‘steal’ information about you; and cookies don’t carry viruses. Cookies are a basic way for a server to identify you (most cookies actually identify the computer you happen to be using at the time, not you personally). Cookies are used for many things from personalizing start up pages to facilitating online purchases. Cookies help sites recognize return visitors and they perform a very important function when you engage in secure Internet banking. For your security, we do not store any of your personal information in our cookies. The cookies used in our Internet systems are further described below.
INTERNET BANKING COOKIES
FundsXpress uses encrypted cookies that do not pass to your computer’s hard drive. Instead, the cookie is stored in your computer’s memory, identifying only your computer while you are logged on. Only FundsXpress can read the information in these cookies. This Internet banking cookie allows FundsXpress to process multiple transactions during your session without requiring you to reenter your pass code for each individual transaction. The cookies for Internet banking simply provide another level of security for our Internet banking product.
When you log off, or close your browser, the cookie is destroyed. A new cookie is used for each session. That way, no one can use the prior cookie to access your account. For additional security, the cookie expires after 10 minutes of inactivity. It must then be renewed by reentering your pass code. FundsXpress does not (and cannot) use this cookie to collect or obtain new personal information about you. You must allow your browser to accept this cookie so you can use the Internet banking system.
DISCLOSURE AND USE OF INFORMATION
We may disclose nonpublic personal information about you to the following types of third parties:
Financial service providers, such as mortgage bankers, securities broker-dealers, and insurance agents;
Non-financial companies, such as retailers, direct marketers, airlines and publishers; and
Others, such as non-profit organizations.
We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law.
We will not disclose any medical information that you provide to us, unless you specifically authorize its disclosure.
We may disclose all of the information that we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements. We will require any company or other financial institution performing marketing services on our behalf to sign a contract to maintain the same high degree of confidentiality of customer information that we expect of our employees.
If you decide to close your account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this policy.
OPT-OUT NFORMATION
If you prefer that we not disclose nonpublic personal information about you to nonaffiliated third parties, you may opt out of those disclosures; that is, you may direct us not to make those disclosures (other than those disclosures permitted by law). If you wish to opt out of disclosures to nonaffiliated third parties, you may call the following toll free number: 800-526-9127 . On joint accounts, any one account holder may opt out on behalf of all account holders.
EMAIL POLICIES
In the future we may send you email notices for certain required disclosures if you choose to accept electronic disclosures or statements. We may also send you emails to market our products and services that may be of interest to you. FundsXpress may send these emails on our behalf.
EXTERNAL 3RD PARTY LINKS
Third party merchants may collect personal information from you when you visit their sites. For example, they collect personal information from you when you provide billing information or send them an email. Some third party merchants may also send you a cookie to collect data on your Internet usage and preferences. When you click on advertisements at third party sites, the advertising company may also send you a cookie. With the exception of our service provider, FundsXpress, we do NOT have access to the information collected by any third party, nor can we control how they use this information. If you have questions or concerns about the privacy policies and practices of these third parties, please review their websites and contact them directly.
SECURITY
Republic Bank of Chicago has developed strict policies and procedures to safeguard your personal information. We restrict employee access to your sensitive personal information to a ‘need to know’ basis. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. We educate our employees about the importance of confidentiality and customer privacy. We take appropriate disciplinary measures to enforce employee privacy responsibilities. We offer secure email through our Internet Banking service. You should always use the secure mail service anytime you send us sensitive personal information.
Our Internet Banking service provider, FundsXpress, has also developed security policies and procedures to protect the customer information that they must collect and maintain to help us process your banking transactions over the Internet. They have developed a top-of-the line security system to insure your customer information is protected on the Internet and within the FundsXpress environment. For more information on the FundsXpress security measures, please visit their website at www.fundsxpress.com.
PRIVACY OF CHILDREN
Republic Bank of Chicago respects the privacy of children. We do not knowingly collect names or any other personally identifiable information from children. We do not knowingly market to children.
QUESTIONS
If you would like to know what information we have collected in connection with your use of our products and services, including Internet based products and services, please contact us at 630-570-7700 and ask for the Compliance Officer.
After reviewing the information, if you believe any of the information is in error, contact us either by phone or email to support@republicebank.com, or send a letter to Compliance Officer, Republic Bank of Chicago, 2221 Camden Ct., Oak Brook, IL 60523 that explains the alleged discrepancy. If the information is incorrect, we will work with you to ensure your information is promptly updated.
In addition, if you believe any information that this financial institution or FundsXpress has collected about you has been used for an improper purpose; please contact us at support@republicebank.com. Explain your concerns in as much detail as possible so that we may take any appropriate action.
