The Bancorp Bank shares your transaction history and account experience data with its affiliated companies — which may include Chime Financial, Inc. — and you cannot opt out of this sharing, though creditworthiness data is not shared with affiliates.
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
The clause establishes a distinction between data categories shared with affiliates: transaction and experience data are shared without opt-out mechanisms, while creditworthiness data remains restricted. This structure determines what information flows to affiliated entities during ordinary operations.
The updated privacy notice now explicitly discloses that Chime shares customer information with other financial companies for joint marketing purposes, whereas the prior 2017 version stated Chime did not engage in this sharing. This represents a material change in the stated data handling practice. Under the updated terms, customers can limit this sharing by logging into their Chime account at chime.com or through the Chime Mobile application and updating their Privacy Settings.
View change record →The updated policy no longer explicitly discloses whether Chime or its banking partner The Bancorp shares personal information for specific purposes such as marketing, joint marketing, or affiliate use. Previously, each sharing scenario included a 'Yes' or 'No' answer and stated whether customers could limit sharing. The revised policy directs users to login to chime.com or the Chime Mobile application and update their Privacy Settings to control sharing. You can adjust sharing preferences through your account settings, but the policy no longer itemizes which sharing practices are subject to customer limits.
View change record →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 narrowing of third-party data sharing compared to the prior language. The notice also clarifies that Chime does not share certain affiliate information, which may further limit how your data is used by related companies. These changes reduce the scope of data sharing disclosed in the privacy notice.
View change record →Your transaction history, account behavior, and financial experience data is shared with affiliated companies such as Chime Financial, Inc. with no opt-out right, meaning your day-to-day spending and banking patterns are shared across the corporate relationship without your ability to restrict this.
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"For our affiliates' everyday business purposes — information about your transactions and experiences. Do we share? Yes. Can you limit this sharing? No. For our affiliates' everyday business purposes — information about your creditworthiness. Do we share? No. Can you limit this sharing? We don't share.— Excerpt from Chime's Chime Privacy Policy
1) REGULATORY FRAMEWORK: Affiliate sharing of transaction and experience information is governed by GLBA/Regulation P (12 C.F.R. §1016.11), which permits sharing this category without opt-out rights. However, if affiliates use shared information to make marketing solicitations, the Fair Credit Reporting Act (FCRA) §624 (implemented by Regulation V, 12 C.F.R. Part 1022 Subpart C) requires an opt-out notice for affiliate marketing. The CFPB enforces both Regulation P and Regulation V affiliate marketing requirements. 2)
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The clause establishes a distinction between data categories shared with affiliates: transaction and experience data are shared without opt-out mechanisms, while creditworthiness data remains restricted. This structure determines what information flows to affiliated entities during ordinary operations.
Your transaction history, account behavior, and financial experience data is shared with affiliated companies such as Chime Financial, Inc. with no opt-out right, meaning your day-to-day spending and banking patterns are shared across the corporate relationship without your ability to restrict this.
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