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PRIVACY & SECURITYPrivacy PrinciplesPrivacy StatementWeb Site Privacy Policy
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Privacy Principles
The financial services industry is rapidly changing and being shaped by technology, which is literally changing the way we do business. To be successful in this environment, we must continue to grow and insure that our customers are confident that we will manage their financial affairs expertly and confidentially. Our customers at Domestic Bank have access to a broad range of products and services from basic banking products, mortgages and online banking. To deliver these products and services effectively and conveniently, it is extremely important that we use technology to manage and maintain certain customer information. The safeguarding of customer information is an issue we take seriously at Domestic Bank. We maintain our continuing commitment to the proper use of customer information, and have established the following Principles of Privacy to that end. These Principles will be used to guide us in serving the privacy needs of our customers.
1. Customer's Expectation of Privacy:
Domestic Bank believes the confidentiality and protection of customer information is one of our fundamental responsibilities. While information is critical to providing quality service, we recognize and understand that one of our most important assets is the trust of our customers. The safekeeping of customer information is a priority for Domestic Bank.
2. Collection, Use, and Retention of Customer Information:
Domestic Bank limits the use, collection, and retention of customer information to what we believe is necessary or useful to conduct our business, provide quality service, and offer products, services, and other opportunities that may be of interest to our customers.
3. Maintenance of Accurate Information:
We recognize that Domestic Bank must maintain accurate customer records. To accomplish this, Domestic Bank has established procedures to maintain the accuracy of customer information and to keep such information current and complete. These procedures include responding to requests to correct inaccurate information in a timely manner.
4. Limiting Employee Access to Information:
At Domestic Bank, employee access to personally identifiable customer information is limited to those with a business reason to know such information. Employees are educated on the importance of maintaining the confidentiality of customer information and on these Privacy Principles. Because of the importance of these issues, all Domestic Bank employees are responsible for maintaining the confidentiality of customer information and employees who violate these Privacy Principles will be subject to disciplinary measures.
5. Protection of Information via Established Security Procedures:
Domestic Bank recognizes that a fundamental element of maintaining effective customer privacy procedures is to provide reasonable protection against unauthorized access to customer information. Therefore, Domestic Bank has established appropriate security standards and procedures to guard access to customer information.
6. Restrictions on the Disclosure of Customer Information:
When it comes to sharing customer information with unaffiliated companies, Domestic Bank places strict limits on who receives specific information about customer accounts or other personally identifiable data. Domestic Bank may share information with such companies if they provide a product or service that may benefit our customers. Whenever we do this, we carefully review the company and the product or service to make sure that it provides value to our customers. We share the minimum amount of information necessary for that company to offer its product or service. We may also share information with unaffiliated companies that assist us in providing our products and services to our customers; in the normal course of our business (for example, with consumer reporting agencies and government agencies); when legally required or permitted in connection with fraud investigations and litigation; in connection with acquisitions and sales; and at the request or with the permission of a customer.
7. Maintaining Customer Privacy in Business Relationships with Third Parties:
If we provide personally identifiable customer information to a third party with which we have a business relationship, we will insist that the third party keep such information confidential, consistent with the conduct of our business relationship.
8. Disclosure of Privacy Principles to Customers:
Domestic Bank recognizes and respects the privacy expectations of our customers. We want our customers to understand our commitment to privacy in our use of customer information. As a result of our commitment, we have developed these Privacy Principles which are made readily available to our customers. Customers who have questions about these Privacy Principles or have a question about the privacy of their customer information should call the Domestic Bank at 1-800-556-6600 or
e-mail us at bank@domesticbank.com
These Privacy Principles apply to individuals, and we reserve the right to change these Privacy Principles, and any of the policies or procedures described above, at any time without prior notice. These Privacy Principles are provided for general guidance and do not constitute a contract or create legal rights and do not modify or amend any agreements we have with our customers.
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