DESKTOP HEADER

MOBILE

Mobile Privacy Policy

Revision Date: August, 2024

Lake Region Bank
PO Box 450 Main St; New London MN
Click here for full privacy policy disclosure.

Lake Region Bank’s Mobile Banking App (the “app”) — powered by Fiserv— helps you manage your money, view your transactions and accounts, making it easy to manage your finances on the go.

Lake Region Bank’s Mobile Banking App provides the Services to users on behalf of Lake Region Bank, as a service provider. This Privacy Notice, in combination with other relevant privacy notices that Lake Region Bank provides to you (e.g., pursuant to financial privacy laws), informs you of the policies and practices regarding the collection, use and disclosure of any personal information that we collect from or about users in connection with our mobile application (the “Services”). You can find more information about Lake Region Bank’s privacy policies and your choices at the Bank’s website or by contacting Lake Region Bank.

The App allows you to:

  • get real-time balances for your accounts.
  • manage your money.
  • view your transactions and statements.
  • make transfers.
  • pay your bills and manage billers.
  • pay other people.
  • deposit a check.
  • manage cards.
  • locate branches and ATM’s.
  • receive alerts.

THE TYPES OF INFORMATION WE COLLECT IN THE APP

Through your use of the Services, we may collect personal information from you in the following ways:

(a) Personal Information You Provide to Us.

    • We may collect personal information from you, such as your first and last name, address, e-mail, User IDs, telephone number, and social security number when you open a new financial account or register for other financial services. Device images/videos may be accessed when you deposit a check. Device location may be accessed to detect and prevent card transaction fraud, deposit fraud and to provide branch and atm locations.
    • We may collect the financial and transaction information necessary to provide you with the Services, including account numbers, payment card expiration date, payment card identification, verification numbers, and transaction and payment history.
    • If you provide feedback or contact us via email, we will collect your name, email address and any other content included in your email messages to us to send you a reply.
    • We also collect other types of personal information that you provide voluntarily, such as any information requested by us if you contact us via email regarding support for the Services.

(b) Personal Information Collected from Third Parties. We may collect certain information from identity verification services and consumer reporting agencies, including credit bureaus, to provide some of our Services.

(c) Personal Information Collected Via Technology. We and our service providers may automatically log information about you, your computer or mobile device, and your interaction over time with our Services, our communications, and other online services, such as:

    • Device data, such as your computer’s or mobile device’s operating system type and version, manufacturer and model, browser type, screen resolution, RAM and disk size, CPU usage, device type (e.g., phone, tablet), IP address, unique identifiers, gauge settings, mobile devise carrier, radio/network information (e.g., WIFI, LTE, 3G), and general location information such as city, state or geographic area.
    • Online activity data, such as pages or screens you viewed, how long you spent on a page or screen, navigation paths between pages or screens, information about your activity on a page or screen, access times, and duration of access.
    • Cookies, which are text files that websites store on a visitor’s device to uniquely identify the visitor’s browser or to store information or settings in the browser for the purpose of helping you navigate between pages efficiently, remembering your preferences, enabling functionality, and helping us understand user activity and patterns.
    • Location Information. If you have enabled location services on your phone and agree to the collection of your location when prompted by the Services, we will collect your location information when you use the Services; for example, to provide our fraud detection services. If you do not want us to collect this information, you may decline the collection of your location when prompted or adjust the location services settings on your device.

HOW LAKE REGION BANK USES YOUR INFORMATION COLLECT IN THE APP


(a) General Use. In general, We use your personal information collected through your use of the Services to respond to your requests as submitted through the Services, to provide you the Services you request, and to help serve you better. We use your personal information in the following ways:

    • facilitate the creation of, secure and maintain your account.
    • identify you as a legitimate user in our system.
    • provide improved administration of the Services.
    • provide the Services you request.
    • improve the quality of experience when you interact with the Services.
    • send you administrative e-mail and/or push notifications, such as security or support and maintenance advisories.

(b) Compliance and protection. We may use your personal information to:

    • comply with applicable laws, lawful requests, and legal process, such as to respond to subpoenas or requests from government authorities.
    • protect our, your or others’ rights, privacy, safety, or property (including by making and defending legal claims).
    • audit our internal processes for compliance with legal and contractual requirements and internal policies.
    • enforce the terms and conditions that govern the Service; and
    • prevent, identify, investigate, and deter fraudulent, harmful, unauthorized, unethical, or illegal activity, including cyberattacks and identity theft.

(c) Creation of Non-Identifiable Data. The App may create de-identified information records from personal information by excluding certain information (such as your name) that makes the information personally identifiable to you. We may use this information in a form that does not personally identify you to analyze request patterns and usage patterns to enhance our products and services. We reserve the right to use and disclose non-identifiable information to third parties in its discretion.

DISCLOSURE OF YOUR PERSONAL INFORMATION

We disclose your personal information collected through your use of the Services as described below.

(a) In Accordance with Our Other Privacy Notices.  Other than as described in this Privacy Notice in connection with the Services, this Privacy Notice does not apply to the processing of your information by us or third parties with whom we share information.

(b) Third Party Service Providers. We may share your personal information with third party or affiliated service providers that perform services for or on behalf of Us in providing the app, for the purposes described in this Privacy Notice, including: to provide you with the Services; to conduct quality assurance testing; to facilitate the creation of accounts; to optimize the performance of the Services; to provide technical support; and/or to provide other services to The App.

(c) Corporate Restructuring. We may share some or all your personal information in connection with or during negotiation of any merger, financing, acquisition, or dissolution transaction involving the sale, transfer, divestiture, or disclosure of all or a portion of Lake Region’s Mobile Banking business or assets. In the event of an insolvency, bankruptcy, or receivership, personal information may also be transferred as a business asset. If Lake Region’s Mobile Banking company, business or assets is acquired by another company, that company will possess the personal information collected by us and the company will assume the rights and obligations regarding your personal information as described in this Privacy Notice.

(d) Authorities and Others. Regardless of any choices you make regarding your personal information, we may disclose your personal information to law enforcement, government authorities, and private parties, for the compliance and protection services described above.

LINKS TO OTHER SITES

The App may contain links to third party websites. When you click on a link to any other website or location, you will leave the App and go to another site and another entity may collect personal and/or anonymous information from you. The App’s provision of a link to any other website or location is for your convenience and does not signify endorsement of such other website or location or its contents. We have no control over, do not review, and cannot be responsible for, these outside websites or their content.

Please be aware that the terms of this Privacy Notice do not apply to these outside websites. We encourage you to read the privacy notice of every website you visit.

YOUR CHOICES REGARDING YOUR INFORMATION

You have several choices regarding use of information on the Services.

(a) How to respond to Do Not Track Signals. Some web browsers transmit “do not track” signals to the websites and other online services with which your web browser communications. There is currently no standard that governs what, if anything, websites should do when they receive these signals. We currently do not act in response to these signals. When a standard is established, we may revise its policy on responding to these signals.

(b) Access, Update, or Correct Your Information. You can access, update, or correct your information by changing preferences in your account. For additional requests, please contact Lake Region Bank.

(c) Opting Out SMS Communications. If you provide your phone number through the Services, Lake Region’s Mobile Banking may send you notifications by SMS, such as provide a fraud alert. You may opt out of SMS communications by unlinking your mobile phone number through the Services.

(d) Opting Out of Location Tracking. If you initially consented to the collection of geo-location information through the Services, you could subsequently stop the collection of this information at any time by changing the preferences on your mobile device. Please note, however, that if you withdraw consent to our collection of location information, you may no longer be able to use some features of the App.

SAFEGUARDS AND RETENTION

We implement reasonable administrative, technical, and physical measures to safeguard the information in our custody and control against theft, loss and unauthorized access, use, modification, and disclosure. Nevertheless, transmission via the internet is not completely secure and we cannot guarantee the security of your information.

Federal laws and regulations require that US financial institutions retain original, active, and historical records. Your personal and financial data will be retained for a period of five years depending on applicable laws, regulations, and legitimate business needs.

A NOTE ABOUT CHILDREN

The Services are not directed towards individuals under the age of eighteen, and we do not, through The App, intentionally gather personal information about visitors who are under the age of eighteen. If a child under eighteen submits personal information to us through the app and we learn that the personal information is the information of a child under eighteen, Lake Region’s Mobile Banking will attempt to delete the information as soon as possible.

PRIVACY POLICY UPDATES

This Privacy Notice is subject to occasional revision. We may notify you of any material changes in its collection, use, or disclosure of your personal information by posting a notice on the Services. Any material changes to this Privacy Notice will be effective thirty (30) calendar days following notice of the changes on the Services or immediately where no notice is given. These changes will be effective immediately for new users of the Services. If you object to any such changes, you must notify us prior to the effective date of such changes that you wish to deactivate your account. Continued use of the Services following notice of any such changes (or use of the Services after any such changes) shall indicate your acknowledgement of such changes.

CONTACT LAKE REGION’S MOBILE BANKING


If you have any questions or complaints about this Privacy Policy or The App’s data collection or processing practices, or if you want to report any security violations to Lake Region Bank, please contact us, by email at: lrb@lakeregion.com, or by mail at:

Lake Region Bank
51 Main Street South
PO Box 450
New London MN  56273

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