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Private Banking Privacy Notice

Rev. March 2018

FACTS

WHAT DOES HSBC DO WITH YOUR
PERSONAL INFORMATION?

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.

What?

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 account transactions
  • Account balances and credit history
  • Income and assets

 

When you are no longer our customer, we continue to share your information as described in this notice.

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 HSBC chooses to share; and whether you can limit this sharing.

Reasons we can share

your personal information

Does HSBC share? Can you limit this sharing?

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

No We don't share

For our affiliates' everyday business purposes–information about your transactions and experiences

No We don't share

For our affiliates' everyday business purposes –

information about your creditworthiness

No We don't share

For our affiliates to market to you

No We don't share
For nonaffiliates to market to you
No We don't share
Questions?

Contact your HSBC Private Banking Relationship Manager or contact us in New York at 212.525.5080 or in Miami at 305.539.4700

Who are we  

Who is providing this notice?    

  • HSBC Private Banking, a division of HSBC Bank USA, N.A. and
  • HSBC Private Bank International, a subsidiary of HSBC Bank USA, N.A.
What we do  

How does HSBC protect my personal 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.

 

Also, we only allow employees, authorized service providers and other parties as required or permitted by law to access your information.

How does HSBC collect my personal information?

We collect your personal information, for example, when you:

  • open an account or deposit money
  • pay your bills or apply for a loan
  • seek advice about your investments
     

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

 

Why can’t I limit all sharing?  

Federal law gives you the right to limit only:

  • sharing for affiliates' everyday business purposes–information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you
     

State laws and individual companies may give you additional rights to limit sharing.

Definitions  

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Our affiliates include companies with an HSBC name and financial companies such as Household, Beneficial and HFC.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

Joint marketing                                                      

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

Oher important information

For Private Banking customers, this Private Banking Privacy Notice governs all personal information sharing practices for all HSBC products and services. Employees of HSBC that have access to your personal information may be located in countries other than where you reside, including but not limited to the U.S., the United Kingdom and India.

Click here† to access a printable version of the HSBC Private Banking Privacy Notice.

 

Review our Online Privacy Practices.

 

Revised: March, 2018 

† Viewing PDF files require the use of Adobe Acrobat Reader. If you do not already have Adobe Acrobat Reader, you can download it online. After downloading the software, follow the instructions for installing the program. If you prefer, you can always download the files now and open them offline later.