Posted By: Melissa
Privacy Opt Out - 10/09/19 09:14 PM
We were looking at how other banks would handle the below scenario:
Our privacy notice states that when a joint accountholder opts out of information sharing, the opt out will apply to everyone on the account. That’s consistent with the regulatory requirement.
We have a scenario we would like to run by you: Stacey opts out. She has a joint account with RJ and a joint account with Kelsey, which means that RJ and Kelsey are opted out as well. Simple enough. But now that RJ is opted out, what about his joint account with Samuel? And what about Kelsey’s joint account with Landon? Should Samuel and Landon be opted out as well?
I appreciate any input. Thanks!
Our privacy notice states that when a joint accountholder opts out of information sharing, the opt out will apply to everyone on the account. That’s consistent with the regulatory requirement.
We have a scenario we would like to run by you: Stacey opts out. She has a joint account with RJ and a joint account with Kelsey, which means that RJ and Kelsey are opted out as well. Simple enough. But now that RJ is opted out, what about his joint account with Samuel? And what about Kelsey’s joint account with Landon? Should Samuel and Landon be opted out as well?
I appreciate any input. Thanks!