Privacy Policy
What Does Foresight Bank Do With Your Personal Information?
Rev. Date 5/25
| Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
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| What? |
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
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| How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information, the reasons Foresight Bank chooses to share, and whether you can limit this sharing. |
| Reasons We Can Share Your Personal Information | Does Foresight Bank Share? | Can You Limit This Sharing? |
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| 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 |
Yes | No |
| For our marketing purposes – to offer our products and services to you |
Yes | No |
| For joint marketing with other financial companies | Yes | No |
| For our affiliates’ everyday business purposes – information about your transactions and experiences |
Yes | No |
| For our affiliates’ everyday business purposes – information about your creditworthiness |
No | We do not Share |
| For non-affiliates to market to you | No | We do not Share |
| Questions? | Call our Customer Service Department at 507.534.3131 or go to www.Foresight.Bank |
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| Who we are | |
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| Who is providing this notice? | Foresight Bank |
| What We Do | |
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| How does Foresight Bank protect my information? |
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
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| How does Foresight Bank collect my information? |
We collect your personal information, for example, when you
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| Why can’t I limit all sharing? |
Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing.
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| Definitions | |
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| Affiliates |
Companies related by common ownership or control. They can be financial and non-financial companies.
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| Non‑Affiliates |
Companies not related by common ownership or control. They can be financial and non-financial companies.
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| Joint Marketing |
A formal agreement between non-affiliated financial companies that together market financial products or services to you.
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SMS Messaging Privacy Policy
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At Foresight Bank your privacy is critically important to us. This Privacy Policy explains how we collect, use, and protect your personal information when you opt into our SMS messaging (text messaging) program. By opting into our SMS service, you agree to the terms outlined below, which are in compliance with the latest 2024 regulations under the Telephone Consumer Protection Act (TCPA) and the Campaign Registry guidelines.
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Information We Collect
When you opt-in to receive SMS messages from us, we collect the following information:
How We Use Your Information
We use your information to:
Your information will only be used for the purpose specified at the time of opt-in and will not be used to send unrelated messages.
One-to-One Consent Requirement
In line with FCC regulations, your SMS opt-in applies to communications from Foresight Bank only. Your consent to receive SMS messages is specific to our company and does not extend to third-party businesses or affiliates unless explicitly stated and separately agreed upon. Your consent to receive SMS messages applies to the following purposes:
Message Frequency and Data Rates
The SMS message frequency will vary but will not be more than one message per day unless there is a notification event. Message and data rates may apply depending on your mobile carrier and plan. Please note that message and data rates may apply depending on your mobile carrier and plan. We encourage you to review your carrier's terms for more details on messaging fees.
Opt-Out Instructions
You can opt out of our SMS service at any time by replying with "STOP" (or similar word(s) that clearly indicate your intention to opt out) to any message you receive from us. Once you opt out, you will immediately cease receiving further messages unless you opt back in. For help, you can reply with "HELP" or contact us directly at 507-534-3131 or Service@Foresight.Bank.
Data Sharing and Disclosure
We will never share or sell your information to third parties for marketing purposes without your explicit consent. We may, however, share your information with trusted third-party service providers for the purpose of facilitating SMS delivery (e.g. telecommunications providers). All such parties are bound by strict confidentiality agreements and are prohibited from using your data for any purpose other than SMS delivery.
In compliance with Do Not Call (DNC) Registry regulations, you have the right to register your number with the National DNC Registry. If you are on the DNC Registry, we will not send you promotional SMS messages unless you have provided express consent to do so.
Security of Your Information
We take reasonable measures to protect the information you provide from unauthorized access, disclosure, or misuse. However, no system is completely secure, and we cannot guarantee the absolute security of your data during transmission or storage.
Record-Keeping and Proof of Consent
As required by the TCPA and Campaign Registry guidelines, we maintain records of all opt-ins and opt-outs, including timestamps and the method of consent. These records are kept securely and may be used to demonstrate compliance with regulatory requirements if needed.
Changes to This Policy
We reserve the right to update or modify this Privacy Policy at any time. Any significant changes will be communicated via SMS or on our website. Continued use of our SMS service after any changes indicates your acceptance of the revised policy. Please check back periodically to stay informed of any updates.
If you have any questions about this Privacy Policy or wish to update your SMS preferences, you can contact us at:
Links
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