Which situation does NOT require a privacy notice?

In the context of the situations described, opening a business credit card account typically does not require a privacy notice compared to the other options. A privacy notice is mandated when an entity collects personal information that will be used to provide services to consumers or when it needs to ensure compliance with privacy regulations such as the Gramm-Leach-Bliley Act (GLBA).

When individuals open a savings account, obtain a mortgage loan, or receive personal financial advice, they are usually dealing with sensitive personal data that financial institutions collect for compliance and operational needs. These situations often involve the processing of personal identifiable information (PII) related to the individual's financial status, which necessitates providing a privacy notice to keep the consumer informed about how their information will be used, shared, and protected.

On the other hand, opening a business credit card account typically involves business rather than personal data. While there are still elements of privacy to consider, the requirements under privacy laws may not apply in the same way, as the account is related to business rather than personal financial management. This distinction is crucial in understanding when privacy notices are necessary, leading to the conclusion that this specific scenario does not require a privacy notice.