Privacy Policy

 

FACTS

WHAT DOES MEDALLION BANK 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 income
  • transaction history and account balances
  • credit history and 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 personal information to run their everyday business. In the section below, we list the reasons financial companies can share their personal information; the reasons Medallion Bank chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does Medallion Bank 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

No

No

For joint marketing with other financial companies

No

No

For our affiliates’ everyday business purposes
information about your transactions and experiences

No

No

For our affiliates’ everyday business purposes
information about your creditworthiness

No

We do not share

For nonaffiliates to market to you

No

We do not share

 

What we do

How does Medallion 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.

How does Medallion Bank collect my personal information?

We collect your personal information, for example, when you

  • apply for a loan
  • give us your contact information
  • give us your income information
  • provide employment information or
  • show your government-issued ID

We also collect your 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.

  •  Medallion Bank does not share with our affiliates.

Non-affiliates

Companies not related by common ownership or control. They can be financial and non financial companies.

  • Medallion 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.

  • Medallion Bank doesn’t jointly market.

 

Other important information

For Vermont Residents: We will not share information we collect about you with nonaffiliated third parties, except as permitted by Vermont law, such as to process your transactions or to maintain your account. In addition, we will not share information about your creditworthiness with our affiliates.

For California Residents: We will not share information we collect about you with nonaffiliated third parties, except as permitted by California law, such as to process your transactions or to maintain your account.

 

Questions?   Call 800-789-8001 or the customer service number on your billing statement.