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Can I collect bank account information from participants in Connecticut? What are the requirements?

Based on the documents provided, it is unclear what type of bank account information you are referring to and for what purpose you intend to collect it. However, it is important to note that there are various regulations and requirements in Connecticut regarding the collection and use of personal information, including bank account information.

If you are a Connecticut credit union or bank conducting a savings promotion raffle, you may collect bank account information from account holders who participate in the raffle, provided that you fully disclose the terms and conditions of the raffle to each account holder and comply with applicable consumer protection laws [3.1]([3.1]).

If you are operating an electronic wagering platform for sports wagering, online casino gaming, or fantasy contests in Connecticut, you may collect bank account information from individuals who establish an account for online sports wagering, online casino gaming, retail sports wagering, keno, or fantasy contests, provided that the electronic wagering platform is developed to verify that the individual is of legal age and physically present in the state when participating, provide a mechanism to prevent unauthorized use of the account, and maintain the security of wagering and participation data and other confidential information. Additionally, you must limit a person to the use of only one debit card or credit card for an account, allow a person to limit the amount of money that may be deposited into an account, and provide that any money in an online account belongs solely to the owner of the account and may be withdrawn by the owner. You must also establish a voluntary self-exclusion process to allow a person to exclude themselves from establishing an account or placing wagers through an account, or limit the amount such person may spend using such an account. You must provide responsible gambling and problem gambling information to participants and conspicuously display certain information on each applicable website or mobile application [4.1]([4.1]).

If you are not a Connecticut credit union or bank conducting a savings promotion raffle or operating an electronic wagering platform for sports wagering, online casino gaming, or fantasy contests, it is unclear whether you may collect bank account information from participants in Connecticut.

Please note that this response is not legal advice and you should consult with a licensed attorney for guidance on your specific situation.

Source(s):
Jurisdiction

Connecticut