As of September 27, 2017
Beam collects and maintains information provided by and related to you so that we may provide our Services and improve our Services. The types of personal information we collect and share depends on the Service you use or have with us. We collect most of this information during the registration and/or application process for our customers, or when we communicate with you via telephone, email or other means. Additional information, such as your IP address, device information or browser information, may be gathered during your subsequent use of our Services.
The categories of personal information collected include, but is not limited to: address, social security number, birthday and other biographical information, transaction history, demand deposit and savings account information, account transactions, and wire transfer transactions.
We use your personal information collected through our Services in many ways, including but not limited to:
We may share the personal information we collect from you and about you with our affiliates and partners or certain third parties as permitted by law, including the following but not limited to:
We may share aggregated or anonymized data with information from you with third parties, including, including but not limited to demographic, geographic, or aggregated client information, can be used by Beam for to help deliver better Services to you or for any other lawful purpose. No personally identifiable information will be included in this data.
We will retain personally identifiable nonpublic information for the period necessary for Beam’s business and legal requirements unless such information is required or allowed to be held for a different period by law.
Beam stores and maintains data with reasonable and generally acceptable standards of physical and electronic safeguards. We limit access to user and customer data to the extent possible to those who have a need to access the information. Our service providers are held accountable for adhering to strict policies and procedures to prevent any misuse of your personal information. To learn more about our security practices, visit our Security Policy.
We use our reasonable best efforts to protect user information, however no method of transmission or method of data storage is 100% secure. Therefore, we cannot guarantee the absolute security of personal information.
Beam is not responsible for any information you provide us by sharing in public forums such as blogs, chats, videos or social media. We cannot control the privacy or security of information you choose to make public or share with others. Beam retains full, irrevocable, royalty-free, worldwide sublicensable, and perpetual intellectual property rights around any user-generated content uploaded, shared, transmitted, or otherwise publicly disseminated on the Beam site or application. Beam can store, use, reproduce, modify, and adapt such content and will retain full rights to any derivative works or compilations of such content. Users warrant by their actions that they have the necessary rights to grant such licenses to Beam. Beam can further delete such content at any time and for any reason.
While you are on Beam’s platform, and other websites, third parties we work with may use technologies such as cookies or pixels to gather non-personal information about your activities on our websites and other sites, in order to understand your interests based on your online activities.
Beam does not process or respond to “do not track” signals or other similar signals whereby a user to website requests that it disable collection of information about the user’s online activities over time and across different websites.
Our Services are not directed, or intended to be attractive, to children under the age of 18. We do not knowingly collect personal information from children under age of 18. If you are under the age of 18, do not use our Services or submit any information to us. If a parent or guardian becomes aware that his or her child under the age of 18 has provided us with information without their consent, he or she should contact us. We will delete such information from our files.
Customers can unsubscribe from marketing and otherwise informational emails from Beam and affiliates utilizing your personal information by contacting Beam or clicking on an unsubscribe link in any communications you receive form us. However, if you unsubscribe, we may still send your transactional email about your accounts and Services.