A significant category of data sharing with external parties occurs entirely outside your control, meaning your Social Security number, account data, and financial history flow to third parties as a condition of having an account.
Bank of America collects highly sensitive financial data including your Social Security number, account balances, transaction history, and credit information, and shares this data with affiliated companies and nonaffiliates for marketing purposes without requiring your prior consent. Federal law limits but does not eliminate this sharing, meaning some data flows to third parties unless you actively opt out. You can limit marketing-related data sharing by calling 1-888-341-5000 or visiting the Bank of America privacy choices page to submit an opt-out request.