The Bancorp Bank collects highly sensitive financial data about you including your Social Security number, income, account balances, payment history, credit history, and credit scores.
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 provision defines the scope of personal data collection practices across Chime's product portfolio. By conditioning data collection categories on the specific account type or service used, the clause establishes a tiered approach to information gathering based on service-specific requirements.
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 most sensitive personal and financial identifiers — including your Social Security number, income level, account balances, payment history, and credit scores — are collected and potentially shared under the categories described in this notice, creating significant privacy and identity theft risk if data is not adequately protected.
Cross-platform context
See how other platforms handle Types of Personal Information Collected and similar clauses.
Compare across platforms →"The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income, Account balances and payment history, Credit history and credit scores.Excerpt from Chime's Privacy Policy
1) REGULATORY FRAMEWORK: Collection and use of Social Security numbers is governed by GLBA (15 U.S.C.
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The provision defines the scope of personal data collection practices across Chime's product portfolio. By conditioning data collection categories on the specific account type or service used, the clause establishes a tiered approach to information gathering based on service-specific requirements.
Your most sensitive personal and financial identifiers — including your Social Security number, income level, account balances, payment history, and credit scores — are collected and potentially shared under the categories described in this notice, creating significant privacy and identity theft risk if data is not adequately protected.
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