College Savings Bank Privacy Notice
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We do not sell information about you.
- We do not share your information with anyone else for marketing purposes.
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We use your personal information only to help transact the business you have with us.
Privacy Notice to Our Customers
As our customer, you trust us to help you achieve financial success and security. We provide this notice because you have a right to know how we protect the privacy of the personal information you share with us. Your knowledge of our privacy principles and practices will confirm the trust you have placed in us.
What Personal Information Do We Collect?
The type of information that we collect depends on the type of product or service you request. This includes:
Information you provide on an application or other form (for example, name, address, social security number, or income).
Information about your business and history with us, our affiliates, or others.
Most of the personal information we collect is obtained from you. We collect personal information needed only to service and administer your business with us.
How Do We Use and Disclose Your Information?
The main use of your information is to confirm your identity in the course of business that we perform at your request. We also use your information to service your accounts with us.
Information may be disclosed to other entities that provide business services to us related to our transactions with you. This includes, but is not limited to, audit, accounting and legal services. Further and with regard to our loan customers, we may disclose nonpublic personal information about you to third parties to assist us in processing your student loan application or servicing your student loan account with us, to governmental agencies in response to subpoenas, and to credit bureaus. We may also share information within our corporate family to service your business. These entities must keep the information private.
If necessary, we disclose information when it is required by law. For example, we may have to share information regarding large cash transactions. We may also disclose certain information to other entities to help us report or prevent fraud. Examples are reports to a regulatory or law enforcement agency.
With regard to 529 Plan customers, we may provide information about you and about contributions and distributions to comply with our duties as Program Manager for the various state programs, and to service these accounts. This information may be shared with the following entities when required by law or contract. It is used by them for their official government functions:
- Trustees to the respective 529 plan, such as State Boards of Regents of Higher Education and Commissions for Postsecondary Education
- State Departments of Revenue
- Internal Revenue Service
How Do We Protect the Security of Your Information?
We have policies to maintain physical, electronic, and procedural safeguards to protect the confidentiality of your personal information. Access to personal information is available only to those people who need to know it in order to service your business.
Should your relationship with us end, we will continue to follow the privacy policies described in this notice to the extent that we retain information about you. If we no longer need to retain that information, we will dispose of it in a secure manner.
Do You Need to Do Anything?
It is not necessary for you to take any action. This is because we do not share your information except to service the business you have requested from us. You do not need to "opt-out" or "opt-in" as you may have done with other financial companies.
How Can You See and Correct Your Information
Generally, you have the right to review the personal information we have about you. You must request this in writing. We will not disclose information we have collected in connection with a claim or lawsuit. If you believe that any of the information we have is in error, you may write to us and request a correction. Where justified, corrections will be made.
Please direct inquiries about accessing or correcting your information to the address below:
College Savings Bank
PO Box 3769
Princeton, NJ 08543
College Savings Bank will send you a copy of our Privacy Notice annually.
Questions?
If you have questions about the College Savings Bank Privacy Notice, please call us toll-free at 800-888-2723.
Effective date 10/08