Bank of America collects highly sensitive personal and financial data including your Social Security number, income, credit scores, account balances, and wire transfer details.
Bank of America holds some of your most sensitive personal information, including your Social Security number and wire transfer instructions, which are shared under the circumstances described in this notice.
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Compare across platforms →The breadth of data collected — including Social Security numbers, income, and wire transfer instructions — creates significant privacy and identity theft risk if shared with or accessed by unauthorized parties.
REGULATORY FRAMEWORK: Collection and retention of Social Security numbers implicates GLBA safeguards requirements (16 CFR Part 314, FTC Safeguards Rule) and state SSN protection laws (e.g., California Civ. Code §1798.85). Credit score and credit history sharing is governed by FCRA 15 U.S.C. §1681 et seq. Wire transfer data is subject to Bank Secrecy Act (31 U.S.C. §5311) recordkeeping requirements. Income data may constitute sensitive personal information under CCPA §1798.140(ae), triggering heightened protection requirements under CPRA.
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