Keeping Your Money And Your Identity Safe.
In these days of computers, mergers, acquisitions and electronic record systems, keeping customer data confidential is more of a challenge for businesses than ever. Legislation was enacted recently, called the Gramm-Leach-Bliley Act, to guarantee that consumers are kept aware of what happens to their personal information after it's given over to financial Institutions.
Watertown Savings Bank has always treated customer information as part of a trust between the bank and the customer that we will protect your identity along with your funds.
A Confidentiality Policy for all bank employees has been in place for many years. The policy states that all employees must treat all non- public personal information that we collect as confidential. That includes the information supplied on an application along with account information, transaction history, and any information we receive from reporting agencies.
Using a combination of physical, electronic, and procedural safeguards that comply with federal standards, the bank makes great effort to protect your privacy, including how your non-public personal information is stored and how it is disposed.
When we work with third-parties
Occasionally we work with other businesses to perform transactions such as data processing, ordering checks, preparing mailings, or checking credit reports.
We do not disclose any non-public personal information about you to anyone, except as permitted by law.
When we work with third-parties they are subject to the same standards as our trustees, managers, and employees, and are required to sign confidentiality agreements with the bank.
Now and in the future
We will keep you informed of our policy regarding the privacy of customer information with annual updates. Be assured that even if you close your account at Watertown Savings Bank your information will be protected.
For further information
If you have any questions about our policy, or about how Watertown Savings Bank protects your accounts and your identity, give us a call.
|
