We take your privacy and the security of your data very seriously. Penny uses 256-bit Secure Socket Layer (SSL) encryption to ensure your personal data is protected. Your personal information is stored in highly secure data centers, which utilize state-of-the-art electronic surveillance and multi-factor access control systems.
Penny is required to collect your social security number (SSN), date of birth, and other identifying information as part of our verification process. As required by our banking partners and in support of the USA PATRIOT Act*, Penny must verify that every applicant is a verifiable US business and represented by a qualified individual (not a criminal or on the US government terrorist watch list).
Please note: This is not a credit card. Penny DOES NOT run a credit check or access your credit report. Applying for a Penny account will NOT affect your credit score.