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Limited Opt-Out for Non-Affiliated Third Party Sharing

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Document Record

What it is

The Bancorp Bank may share your financial information with non-affiliated third-party companies for marketing purposes, but you have the right to opt out of this specific category of sharing.

This analysis describes what Chime'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

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

This is one of the few areas where you actually have a right to act — if you don't opt out, your financial data may be used by unrelated companies to market their products to you.

Recent Activity

This document changed recently

Medium Apr 20, 2026

The updated notice states Chime no longer shares your personal information (such as transaction history and creditworthiness) with other financial companies for joint marketing purposes. This is a na…

Consumer impact (what this means for users)

If you do not proactively opt out, your personal financial information — including account details and financial behavior — can be shared with unrelated third-party companies for their marketing purposes, which could result in unsolicited financial product offers.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Opt Out of Arbitration
    Contact The Bancorp Bank, N.A. or Chime customer support and request to opt out of sharing your personal financial information with non-affiliated third parties for marketing purposes. Keep a record of your opt-out request including the date and confirmation.

How other platforms handle this

Verizon Medium

California law gives residents the right to know what personal information we collect, use, share or sell; to delete personal information under certain circumstances; to opt-out of the sale or sharing of their personal information; to correct inaccurate personal information; to limit the use and dis...

Home Depot Medium

You have the right to opt out of the sale or sharing of your personal information. To exercise this right, please click on the 'Do Not Sell or Share My Personal Information' link available on our website, or contact us as described in the 'Contact Us' section of this policy. We will process your req...

Grammarly Medium

If you are a California resident, you have certain rights with respect to your personal information, including: The right to know about the personal information we collect, use, disclose, and sell. The right to delete your personal information. The right to opt out of the sale or sharing of your per...

See all platforms with this clause type →

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▸ View Original Clause Language DOCUMENT RECORD
"
For nonaffiliates to market to you. Do we share? Yes. Can you limit this sharing? Yes.

— Excerpt from Chime's Chime Privacy Policy

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

1) REGULATORY FRAMEWORK: The opt-out right for non-affiliate marketing sharing is required under GLBA/Regulation P (12 C.F.R. §1016.7 and §1016.10). The financial institution must provide a clear and conspicuous opt-out notice and a reasonable means for consumers to opt out. The CFPB and OCC have enforcement authority. The CAN-SPAM Act and Telephone Consumer Protection Act (TCPA) may also apply if sharing results in direct marketing communications. 2)

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB enforces Regulation P opt-out rights and UDAAP standards applicable to financial institutions that fail to honor consumer opt-out elections.
    File a complaint →

Applicable regulations

CCPA/CPRA
California, USA
Connecticut Data Privacy Act Amendments
US-CT
CAN-SPAM
United States Federal
FCRA
United States Federal
FTC Act Section 5
United States Federal
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
Kentucky Consumer Data Protection Act
US-KY
TCPA
United States Federal
Universal Opt-Out Mechanism Expansion 2026
US

Provision details

Document information
Document
Chime Privacy Policy
Entity
Chime
Document last updated
May 5, 2026
Tracking information
First tracked
May 8, 2026
Last verified
May 8, 2026
Record ID
CA-P-006622
Document ID
CA-D-00078
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
2abe49718004a1f397ca825b6b38f54ec9b89102654fa3ae82ef2e8ffea944af
Analysis generated
May 8, 2026 12:08 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Chime
Document: Chime Privacy Policy
Record ID: CA-P-006622
Captured: 2026-05-08 12:08:44 UTC
SHA-256: 2abe49718004a1f3…
URL: https://conductatlas.com/platform/chime/chime-privacy-policy/limited-opt-out-for-non-affiliated-third-party-sharing/
Accessed: May 13, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

Other risks in this policy

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Frequently Asked Questions

What does Chime's Limited Opt-Out for Non-Affiliated Third Party Sharing clause do?

This is one of the few areas where you actually have a right to act — if you don't opt out, your financial data may be used by unrelated companies to market their products to you.

How does this clause affect you?

If you do not proactively opt out, your personal financial information — including account details and financial behavior — can be shared with unrelated third-party companies for their marketing purposes, which could result in unsolicited financial product offers.

Is ConductAtlas affiliated with Chime?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Chime.