"Bank of America has a high risk score due to extensive data collection practices, including sensitive financial information and geolocation data. The sharing of personal information with third-party advertisers further exacerbates privacy concerns."
bankofamerica Privacy Concerns & Scorecard
Bank of America collects a wide range of personal and sensitive data types, including financial information and geolocation data.
Personal information is shared with third-party providers and for targeted advertising, raising significant privacy concerns.
Bank of America uses personal information for online behavioral advertising and allows users to opt out, but tracking is still extensive.
Data retention policies are vague, with no specific retention periods provided, which could lead to indefinite data storage.
Users have some control over their data sharing and advertising preferences, but the opt-out mechanisms may not be straightforward.
No recommended actions at this time.
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Why We Analyzed bankofamerica
TrueTerms automatically audits privacy policies and data practices using advanced machine learning to keep you informed and protected. This scorecard is based on the latest available public terms of service and privacy policies as of 2026.