Wells Federal Bank
Customer Privacy Notice
Wells Federal Bank appreciates how important personal privacy is to our customers.
We recognize that you expect privacy and security for your personal and financial affairs. We understand the need to safeguard our sensitive information about you that you have entrusted to us within our bank. We maintain standards and procedures designed to prevent misuse of this information.
The following privacy principles were established by Wells Federal Bank to maintain the security, integrity and confidentiality of customer financial information:
Information Wells Federal Bank Collects:
Wells Federal collects nonpublic personal information about you from the following sources: Information we receive from you on applications or other forms; Information about your transactions with us, or others; and Information we receive from a third party, such as a consumer reporting agency.
"Nonpublic personal information" is nonpublic information about you that we may obtain in connection with providing a financial product or service to you. This could include information such as account balances, payment history, and overdraft history.
We do not disclose any nonpublic personal information about you to anyone, except as permitted by the law. Wells Federal will not sell customer information to anyone.
If you decide to close your account(s) with Wells Federal Bank or become an inactive customer, we will adhere to the privacy policies and practices as described in this notice.
How Your Information is Protected:
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
If you have any questions regarding this policy, please contact Wells
Federal Bank at PO Box 310, Wells, MN 56097; or call 507 553-3151.