PRIVACY POLICY

Your privacy is important to us, and our employees will be held to the highest standard of conduct in ensuring the confidentiality of your personal information. HealthcareBank, a division of State Bank & Trust, has never sold and will never sell confidential information to any outside company for marketing purposes.

Notice of Your Financial Privacy Rights

We, our, and us when used in this notice means HealthcareBank, a division of State Bank & Trust.

This is our privacy notice for our customers. When we use the words "you" and "your" we mean the following types of customers:

  • Our customers who have an HSA through HealthcareBank, a division of State Bank & Trust

We will tell you the sources of information we collect about you. We will tell you what measures we take to secure that information.

Definitions:

Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records. Hereafter, we will use the term “information” to mean nonpublic personal information as defined in this section.

An affiliate is a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.

A nonaffiliated third party is a person we do not employ or a company that is not an affiliate of ours. This is also known as nonaffiliated third party, or simply, an “other party.”

A service provider/joint marketer is a nonaffiliated third party that performs services for us in order to transact business on your behalf or assists us in marketing our own products.

The Information that We Collect

We collect information about you from the following sources:

  • Information we receive from you on applications or other forms
  • Information about your transactions with us, our affiliates, or others
  • Information from a consumer reporting agency

Your Information And Our Affiliates

We may disclose information about you within the State Bank family of companies (for example Lighthouse1, LLC).

Federal law allows us to disclose the information listed below to our affiliates. Here are the kinds of information we may disclose to our affiliates:

  • Information from our account records about your transactions and experience with us, such as:
    • Name
    • Address
    • Account balances
    • Account activity
    • Types of accounts
    • Parties to the transaction
    • Payment history
    • Deposit history

Your information and our service providers/joint marketers

We may disclose information we collect about you (as described above) with service providers/joint marketers that perform services on our behalf. We require our service providers/joint marketers to comply with our standards regarding security and confidentiality, and permit them to only use your information for purposes authorized by us.

Your information and other parties

We do NOT disclose any information about you to anyone except as permitted by law.

Examples of this exception might include disclosures necessary to service your account or prevent unauthorized transactions. For example, we may share personal information with:

  • Credit bureaus
  • ATM network providers

The confidentiality, security, and integrity of your information

Access to information about you is restricted to those employees who need that information to provide products and services to you. We maintain physical, electronic, and procedural safeguards to protect this information.

Information About Former Customers

We do not disclose information about former customers except as permitted by law.

Sweep Disclosure Notice

As set forth under the Custodial Agreement and Disclosure Agreement between yourself and Healthcare Bank as Custodian of your HSA (“Agreement”), you may make contributions to your HSA. Based on the value of your HSA and certain threshold and trigger amounts defined under the Agreement, funds may be moved between your Cash Account and Investment Account. These accounts may be either a deposit account at Custodian or an Investment Account at an outside investment company, at your direction.

If you direct that the funds be in a deposit account at Custodian, then these funds will be insured by the FDIC to the extent of the deposit insurance limits. In the event of the failure of Custodian, you will be a secured creditor of Custodian to the extent of the FDIC deposit insurance limits. If the funds are in excess of the FDIC deposit insurance limits, you will be an unsecured creditor with respect to the excess.

If you direct that the funds be at an outside investment company, then these funds are not considered a deposit account of Custodian and are not FDIC insured. In the event of the failure of Custodian, these funds will remain your separate funds at the outside investment company and are subject to the provisions of the outside investment company.

You agree to receive future notices of any updates to the HealthcareBank Privacy Policy and Sweep Disclosure Notification at www.healthcarebank.com, and to review the Privacy Policy and Sweep Disclosure Notice no less frequently than annually.