Bank of America shares your financial and personal data with affiliated companies and some outside companies for purposes including marketing, and by using online banking you agree to those practices as described in their separate Privacy Notice.
This provision enables Bank of America to share your financial account data, transaction history, and personal information with affiliated companies and certain third parties for marketing purposes, which means your banking behavior influences advertising you receive unless you exercise your opt-out rights under GLBA.
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Compare across platforms →Your banking data — including transaction history, balance information, and personal identifiers — can be shared with affiliate companies and third parties for marketing purposes, meaning your financial behavior may be used to target you with advertising or offers from entities beyond Bank of America itself.
REGULATORY FRAMEWORK: This provision engages the Gramm-Leach-Bliley Act (15 U.S.C. §6801 et seq.) and its implementing Regulation P (12 CFR Part 1016), which governs financial institution privacy notices and opt-out rights. The California Consumer Privacy Act (Cal. Civ. Code §1798.100) provides California residents with rights to know, delete, and opt out of the sale or sharing of personal information. The FTC Act Section 5 applies to material misrepresentations in privacy notices. CFPB examination procedures for privacy compliance apply as primary federal supervisor.
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