Somerset Hills Bank (and Affiliates) Online Banking Privacy Policy
Somerset Hills Bank and its affiliates ("the Bank", "We", "Our", "Us") are committed to providing the highest level of security and privacy regarding the collection and use of our online banking customers' personal information, as well as that of all of visitors to our website. Personal information may be collected through the submission of account applications, online banking transactions, or through the use of online financial tools such as interactive calculators. A detailed description of our Online Banking Privacy Policy is provided below.
Respect of Right to Privacy
Somerset Hills Bank and its affiliates respect your right to privacy and take every precaution to provide you with the same level of privacy within our virtual branch that you receive through more traditional bank delivery channels. Protecting your privacy is important to the Bank and our employees. We want you to understand what information we collect and how we use it.
Collection and use of Personal Information
The collection of personal information online is designed to protect access to your personal accounts and to assist the bank in providing you with the products and services you want and need. All personal information collected and stored by the bank is used for specific business purposes-to protect and administer your personal accounts and transactions, to comply with state and federal banking regulation, and to help the bank better understand your financial needs in order to design or improve our products and services.
Employing stringent security measures in the collection of your personal information, all Somerset Hills Bank online account applications are submitted to the bank's secure administration site through an encrypted direct line to the bank. Once received by the bank, only approved personnel may open and process the application. Furthermore, auditing mechanisms have been put into place to further protect your information by identifying which employee(s) has accessed and in any way modified-for example, updated or added to-your personal information.
What Information We Collect
We may collect "nonpublic personal information" about you from the following sources:
- Information we receive from you on applications or other loan and account forms;
- Information about your transactions with us, our affiliates, or others;
- Information we receive from third parties such as credit bureaus.
"Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic information includes information regarding your account balance, payment history, and overdraft history.
What Information We Disclose
We are permitted under law to share information about our experiences or transactions with you or your account (such as your account balances and your payment history) with companies related to us by common control or ownership ("affiliates"). We may also share additional information about your or your account (such as information we receive from in applications and information from credit reporting agencies) with our affiliates. You may direct us not to disclose to our affiliates information that does not relate solely to our or our affiliates' experiences or transactions with you or your account (such as application information or credit bureau information) by calling us at 1-877-221-1514 and asking for our Privacy Officer.
We also are permitted under law to disclose nonpublic personal information about you to "nonaffiliated third parties" (i.e. third parties that are not members of our corporate family) in certain circumstances. For example, we may disclose nonpublic personal information bout you to such third parties to assist us in servicing your loan or deposit account with us; to government entities in response to subpoenas; and to credit bureaus. We do not disclose any nonpublic personal information about you to any third party, except as permitted by law.
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 notice.
Affiliate Marketing Policy
Somerset Hills Bank and its affiliates acknowledge their customers' expectations that their financial and personal information is private. The Bank also acknowledges the legal restrictions on the use of customer information obtained from our affiliates. It is our policy to not use information obtained from our affiliates about their customer(s) for marketing solicitations and to only share information with our affiliates when we have obtained assurances from them that the information will not be used for marketing solicitations.
Our Security Procedures
Somerset Hills Bank and its affiliates restrict access to your personal and account information to only those employees who need to know that information to provide products and services to you. We also educate all employees about the importance of confidentiality and customer privacy. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
Somerset Hills Bank and its affiliates are committed to ensuring the privacy of our customers' personal information. If you have additional questions regarding the privacy of your personal information, contact us.
