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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 also refer to the Privacy Policy for more information about the information we collect and how we keep your information secure.

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.

  • IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT:  To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.

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