Ask HN: Do any US banks exist with strong privacy policies?

1 point

7 years ago

After reading about the vast network of data sharing that the banking industry engages in[1][2], I'm trying to find a banking solution that keeps my data private. I'm also looking for my business.

I'm having a hard time: every startup-friendly bank I've looked into includes a clause in their privacy policy along the lines of "we share your data with third parties for business reasons," which might as well mean "we have no privacy policy". Even if they only share info with a few vendors, how am I to know what they do with my data?

Obviously they all comply with regulations, but do any banks have strict privacy policies?

On a similar note, is there any way opt out of sending data to companies like Equifax? Suppose I don't care about getting bank loans (this is the case for my business).

[1] https://www.fastcompany.com/90157501/how-widely-do-companies-share-user-data-heres-a-chilling-glimpse

[2] http://rebecca-ricks.com/paypal-data/