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  Privacy and Security 

As we continue to adopt new technologies, we realize that many of our customers have concerns about personal privacy policies. We wanted to address some of those concerns. 

Security Alert: Fraudulent E-mail – 4/27/2012

South Shore Bank has been informed of numerous reports of a fraudulent correspondence that has the appearance of being sent from the Federal Deposit Insurance Corporation (FDIC). The e-mail subject line reads: "SURVEY CODE: STJSPNUPUT". The email states, "You have been chosen by the FDIC to take part in our quick and easy 5 questions survey. In return we will credit $100 to your account just for your time!" The recipient is then instructed to "Click here to Continue." Recipients should not click on the link provided.

This e-mail and link are fraudulent. Recipients should consider this to be an attempt to collect personal or confidential information or to load malicious software. FDIC does not send unsolicited e-mail to consumers or business account holders.



Security Alert: Fraudulent E-mail – 4/16/2012

South Shore Bank has been informed of numerous reports of a fraudulent e-mail that has the appearance of being sent from Publishers Clearing House with reference to FDIC.

The e-mail informs the recipients that they have won a large cash prize, but requires a “Check Insurance Certificate from FDIC.” The message states that FDIC will be “requesting a fee of $1,000.00” to provide the “Check Insurance Certificate.” A phone number and e-mail address are provided to obtain instructions on how to send the requested fee.

The e-mail is fraudulent and was not sent by FDIC or Publishers Clearing House. Recipients should consider this to be an attempt to steal money or collect personal or confidential information.



Privacy Policy Statement

Internet Banking Security

Important information about procedures for opening accounts

Learn more about Identity Theft

Be aware of Phishing and how it works

Report a lost or stolen ATM card or Debit MasterCard®

Online Shopping?  Sign up for MasterCard® SecureCode™

The following pertain to all web site interactions, including information given through e-mail and information request forms.

  • We will clearly disclose our customer confidentiality policies.
  • Our employees are not allowed to access customer information unless they have been given specific permission for the purpose of carrying out the Bank's business.
  • No employee will discuss or disclose any customer information unless given specific permission for the purpose of carrying out the Bank's business.
  • We will only collect, maintain, and use information from or about our customers as specifically required to transact business with our customers.
  • We will exercise a reasonable level of control to ensure accuracy of customer information. Errors that are found and/or reported will be promptly corrected.
  • Third parties authorized to access customer information will be subject to the above policies.

Completing an information request form?
Any information provided to us through our web site (i.e. e-mail or information request forms) will be used solely for answering customer questions, or conducting Bank business. Demographic information, including name, age, e-mail or mailing addresses will not be distributed, or sold, to any outside source.

 

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Your Deposits are Insured in Full
All deposits at South Shore Savings Bank are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).

"NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.