Rev. 9/2020

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 customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ 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 We don’t share
For joint marketing with other financial companies No We don’t share
For our affiliates’ everyday business purposes—
information about your transactions and experiences
No We don’t share
For our affiliates’ everyday business purposes—
information about your creditworthiness
No We don’t share
For nonaffiliates to market to you No We don’t share
Questions? Call 855-918-1806 or go to www.choicepays.com
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 personal 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.[See below for more on your rights under state law.]

Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Medallion Bank does not share with our affiliates.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial 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.