Carolina Bank & Trust Website Privacy Policy

 

Effective Date: January 2016

This policy describes Carolina Bank & Trust, our collection, processing, transfer and storage of data from visitors to our website at www.carolinabank.net.  This Privacy Policy applies only to the data collected on the Website and not to other data collected or processed by Carolina Bank & Trust.

If you are a Carolina Bank & Trust customer, please see our Privacy Policy, which we provide to all our individual customers, for a comprehensive explanation of how we collect, use, and share personal information and your choices for limiting the use and sharing of your information as our customer. 

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  

Payment history 

Income 

Credit history 

Account balances   

Credit scores

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 Carolina Bank chooses to share; and whether you can limit this sharing.

What We Do 

How does Carolina 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.  Information that has been entrusted to us will be held in the strictest confidence and used only for appropriate business reasons.

How does Carolina Bank collect my personal information?    

We collect your personal information, for example, when you

• Open an account    

• Pay us by check

• Apply for a loan  

• Make a wire transfer

• Make deposits or withdrawals from your account

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 nonaffiliates 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. (Carolina Bank does not share with our affiliates.)

• Nonaffiliates - Companies not related by common ownership or control. They can be financial and non-financial companies (Carolina Bank 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. (Our joint marketing partners include companies such as credit card companies.)