This analysis describes what Wealthfront'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 establishes operational parameters for biometric data handling by specifying both the collection mechanism (vendor-supported identity verification) and a mandatory destruction timeline (90-day maximum retention), which addresses jurisdictional requirements for biometric information handling.
Users who complete identity verification through the platform will have biometric data created during the process, with the terms requiring destruction of this data within 90 days of collection by third-party vendors. The terms establish that consent will be obtained prior to collection where required by law.
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"We may use third-party vendors for identity verification. These vendors analyze whether the Client's 'selfie' matches the government-issued identity document. The information collected from Client photographs may constitute biometric information in some jurisdictions. Where required by law, we will seek consent from you prior to any such collection. We require our third-party vendors who support identity verification to agree to destroy any potential biometric data that is created or gathered for purposes of verifying your identity no more than ninety (90) days after its collection.— Excerpt from Wealthfront's Wealthfront Privacy Policy
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This provision establishes operational parameters for biometric data handling by specifying both the collection mechanism (vendor-supported identity verification) and a mandatory destruction timeline (90-day maximum retention), which addresses jurisdictional requirements for biometric information handling.
Users who complete identity verification through the platform will have biometric data created during the process, with the terms requiring destruction of this data within 90 days of collection by third-party vendors. The terms establish that consent will be obtained prior to collection where required by law.
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