Bank of America shares your financial data with nonaffiliated third parties for standard banking operations such as transaction processing and credit bureau reporting, and you cannot opt out of this sharing.
This analysis describes what Bank of America's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision authorizes data flows to external companies including credit bureaus and service providers without any consumer opt-out right, covering core banking data such as payment history and account information.
Your payment history, account balances, and transaction data are shared with external companies including credit bureaus as part of standard banking operations, and no opt-out is available for these disclosures.
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We will also provide an individual opt-out choice, or opt-in for sensitive data, before we share your data with third parties other than our agents, or before we use it for a purpose other than which it was originally collected.
If you choose to reveal any personal information about yourself to other users, you do so at your own risk. We strongly encourage you to use caution in disclosing any personal information online.
"Reasons we can share your personal information: For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus. Does Bank of America share? Yes. Can you limit this sharing? No.Excerpt from Bank of America's Privacy Notice
REGULATORY LANDSCAPE: Sharing with nonaffiliated third parties for everyday business purposes is permitted under GLBA's service provider and joint marketing exceptions, provided those parties are contractually restricted from using the information for other purposes.
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This provision authorizes data flows to external companies including credit bureaus and service providers without any consumer opt-out right, covering core banking data such as payment history and account information.
Your payment history, account balances, and transaction data are shared with external companies including credit bureaus as part of standard banking operations, and no opt-out is available for these disclosures.
ConductAtlas has identified this type of provision across 289 platforms. See the full comparison.
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