Aquesta Bank

Privacy & Security

Aquesta Bank is committed to protecting your privacy. Keeping customer information secure is a top priority for all of us at Aquesta Bank. As a financial institution, we know that your trust in us is of upmost importance. To help you better understand how we protect your personal information, we are providing you with our current privacy policy and practices. As a customer of Aquesta Bank, you will be advised of our Privacy Policies and Procedures on an annual basis. We will continue to adhere to the Privacy Policies and Practices described herein even if you are no longer an Aquesta Bank customer or if you become an inactive customer (without an active account relationship).

What Information We Gather

As part of providing you financial products or services, we gather, retain, and use nonpublic personal information about you from the following sources:

  • Information we receive from you on applications or other loan and account forms, such as your name, address, income, social security number, assets and investment objectives;
  • Information about your transactions with us, our affiliates, or others such as your account balances and payment histories; and
  • Information we receive from credit bureaus, such as your credit worthiness and credit history.

The information gathered and retained by Aquesta Bank is used for specific business purposes, such as approving or administering your account, complying with banking regulations, protecting against fraud, and developing a better understanding of your financial needs.

Information We Share

We believe that the responsible use of information benefits our customers by enabling us to understand their specific financial needs and to offer products and services tailored to meet those needs.

We do not sell or provide to anyone for their independent use nonpublic personal information about our customers or former customers, except in ways that are permitted by law.

We may also share information about our experiences of or transactions with you or your account (such as account balance or payment history) within our bank and any of our affiliates we may have. We may also reveal specific information about your accounts if you request or authorize it, to help complete a transaction initiated by you, to a credit reporting agency in accordance with standard banking industry practices, to third party vendors that assist us in servicing your loan or deposit account, with government entities in response to subpoenas or as permitted or required by law.

How We Protect Your Information

At Aquesta Bank, we maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. We restrict employee access to your nonpublic personal information to only those employees who have a business reason to know such information in order to provide products or services to you.

We educate our employees about the importance of confidentiality and customer privacy throughout our bank.

Maintaining Accuracy of Personal Information

Aquesta Bank continually strives to maintain up-to-date, complete and accurate customer and account information. If at any time you believe any information retained by Aquesta Bank is inaccurate or incomplete, please call us toll-free- at 1-877-226-5556 (1-877-BANK-LKN). We will investigate the problem, and if it is determined that the information is incorrect, we will take appropriate action quickly and according to industry practices and applicable law.

Online Privacy

Aquesta Bank is committed to protecting customers and guests who visit our website at www.aquesta.com. Accordingly, our website uses a variety of advanced Internet security technology, including the encryption of information that is transmitted while accessing account information over the Internet by using Secure Sockets Layer (SSL) Technology. Aquesta Bank also uses digital certification, a unique identifier to substantiate Aquesta Bank’s identity to your browser.

Additionally, multi-factor authentication (to protect against phishing) is required when using online services to validate your identity using a personal login ID along with a password you have selected. We may collect data from your online visits, such as cookies, to display information more effectively to you and to allow customization of your website experience. This data is encrypted for our use only and protected from third party access.

Protect Your Accounts – Be An Informed Customer

We recommend that you follow these security measures to protect and help prevent potential misuse of personal information about you:

  • Protect and properly dispose of your account records.
  • Do not share account information, passwords, user IDs, PINs, code words or other confidential information with others. Aquesta Bank will not ask you for this information.
  • Do not provide confidential information by telephone to unknown callers
  • Do not provide confidential information online unless you initiated the contact, know the party with whom you are dealing, and provide the information through a secure channel.
  • When conducting business over the Internet, always use a secure browser, exit online applications as soon as you finish using them, and make sure you have virus protection and a firewall and update them regularly.
  • Monitor your credit report for accuracy. By law, you are entitled to receive one free credit file disclosure every 12 months from each of the nationwide consumer credit reporting companies. To learn more or request a copy of your credit report, visit www.annualcreditreport.com or call (877) 322-8228.

Fraud and Identity Theft Assistance

At Aquesta Bank, we are committed to customer protection, which includes protecting personal information about you as well as providing you with ways to protect yourself.

If you believe you may be a victim of identity theft:

  • Contact us at (877) 226-5556 to place holds on your accounts.
  • Contact the Social Security Administrations Fraud Hotline at (800) 269-0271 to report fraudulent use of your identification information.
  • Report the incident as quickly as possible to any one of the credit reporting agencies:
    • Experian (888) 397-3742
    • Equifax (800) 525-6285
    • Trans Union (800) 680-7289
    You should review your current credit bureau report to identify any unauthorized accounts or inquires and ask the credit reporting agency about placing a Victim Alert Flag on your files.
  • File a police report in your local jurisdiction and retain the report number and the name of the officer who took the report.
  • File a complaint with the Federal Trade Commission (FTC) by contacting the FTC’s Identity Theft Hotline at (877) IDTHEFT.

Your Privacy Options

You have choices as to how we contact you for marketing purposes as well as how we use your credit and personal financial information among Aquesta Bank affiliates.

If you are comfortable with the methods in which we use your information currently, there is no need to indicate your preference. We recognize, however, that you may wish to limit the ways in which we use your information for marketing, and we offer the following opt-out choices:

  • You may request that we not call you.
  • You may ask that we not send you information by mail.
  • You may direct us not to contact you by email.

How To Change Your Privacy Options

  • Write to us at Aquesta Bank, Privacy Administration, Post Office Box 700, Cornelius, NC 28031. Requests must include your name, address, telephone number and Social Security number (or tax payer identification number). Incomplete information will delay or possibly prevent our ability to honor your request.
  • Call Aquesta Bank at 1-877-226-5556.
  • Visit any Aquesta Bank Financial Center.

If you have a joint account, a request by one owner will apply to the joint account. The opt-out designation, if elected, applies to your current portfolio of accounts. Our system will be updated to reflect privacy preferences within 30 days following receipt of the request with complete information. You can verify the update by calling the Customer Service number listed above or visiting any Aquesta Bank Financial Center.

If you have already shared with us your privacy preference under this policy, it is not necessary to contact us again. We will continue to honor the preferences you have provided.

Joint Marketing

There are times when we choose to provide additional products and services to our customers through non-affiliate institutions such as insurance companies, mortgage companies, securities dealers/brokers, etc. In order to provide these services, we may disclose any of the information we collect, describe above, with financial institutions with which we have joint marketing agreements. These companies are contractually obligated to safeguard customer information in strict compliance with Aquesta Bank policy. This sharing enables us to provide you with superior customer service and a broad range of financial products and services that we believe add value to your relationship with us.

Questions About Privacy

If you have any questions about Aquesta Bank’s Privacy Policy or Practices, or if you have any concerns about the protection of your information, please call us at (704) 439-4343 or toll-free at 1-877-226-5556 (BANK LKN) or write to us at:

Aquesta Bank
Attn: Privacy Administration
PO Box 700
Cornelius, NC 28031

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