Under that Act and will be stored in personal information bank number INA P-PU-110 2025

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What is a BIC code? BIC means Bank Identification Code, or Bank Identifier Code. It is an 8 to 11-character number that is used to identify a specific bank when you make an international transaction. Its almost like a postcode for your bank, ensuring that your money goes to the right place.
Personally identifiable financial information is any information a bank collects about a consumer in conjunction with providing a financial product or service. This includes: information provided by the consumer during the application process (e.g., name, phone number, address, income)
The PIB describes how personal information is collected, used, disclosed, retained and/or disposed of in the administration of a government institutions program or activity.
Examples of personal information are: a persons name, address, phone number or email address. a photograph of a person.
Section 3 of the Privacy Act defines personal information as any information that identifies an individual. This includes information such as your name, address, IP address, telephone number, birth date, social insurance number, e-mail address and employment information.
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The BSA establishes recordkeeping requirements related to various types of records including: customer accounts (e.g., loan, deposit, or trust), BSA filing requirements, and records that document a banks compliance with the BSA. In general, the BSA requires that a bank maintain most records for at least five years.

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