Data Security

Your path to a brighter financial future begins with trust.

Below we lay out what data is required to be collected from you and exactly who will see it.

Which Step?

Information Collected:

  • First name

  • Last name

  • Email address

Who Sees It?

  • Purple

  • Galileo

Sign up

You'll create a new password to secure your account. Secured with AES 256 bit encryption.

  • Only You

App Setup

  • Legal name

  • Address

  • Purple

  • Galileo

  • The Bancorp Bank

Account Opening

You'll enter your birthdate to confirm that you're 18 years of age or older.

  • Only The Bancorp Bank

Age Verification

Your Social Security Number (SSN) is required to verify your identity. Transferred securely using TLS/SSL encryption.

  • Only The Bancorp Bank

Identity Verification

Your debit card will arrive in the mail within 14 days. Keep it secure.

  • Only You

Debit Card

We've partnered with Plaid to securely link your external bank accounts. This allows you to transfer money.

  • Only You

Account Linking

Purple Bank Logo

Ā© 2021 Purple Financial, LLC. All rights reserved.

Deposits are FDIC insured up to $250,000 through The Bancorp Bank, Member FDIC.

The Purple MastercardĀ® Debit Card is provided by The Bancorp Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Program Management services provided by Galileo Financial Technologies, LLC. Spend anywhere Mastercard is accepted.

Apple, The Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc.

Out-of-Network cash withdrawal fees apply. Third-party and cash deposit fees may apply.

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