Why Do We need Your Social Security Number?

Let us put your mind at ease. Here is why we need your Social Security Number. 

When creating a PrivateAuto Pay account, you are opening a new Bank Account with our licensed and insured banking partner, USALLIANCE Financial, in the process. This technology is what allows you to send and receive funds instantly between 2 parties. When both parties have a PrivateAuto Pay account, it becomes an interbank transfer making it fast, secure, and seamless. 

Anytime you open a bank account with any Financial Institution, you are required to provide a Social Security Number. This is why it is needed to create a PrivateAuto Pay account. PrivateAuto does NOT save or view your Social Security Number at any time. 

If you're into the geeky technology stuff like we are, here is a brief description of how we keep your information safe: 

All information is protected during network transmission by industry-standard HTTPS encrypted connections. Highly sensitive user information, such as a user's Social Security number, is also stored encrypted with state-of-the-art AES256 encryption.