| Overdraft Protection Program - CheckMate
This program allows financial institutions to consider occasional overdrafts as a positive service to customers. Standardized overdraft policies and guidelines along with automated exception item processing will result in benefits to your customers and increases in your non-interest income.
Key Highlights
• Builds a significant amount of customer loyalty and goodwill
• Increases back office efficiencies, qualifies customers and establishes pre-authorized overdraft levels
• Bridges the gap between the customer, the occasional overdraft and the Bank’s pay/return decision
• Increases collection rates to 90% or more
• Increases NSF fee income from 25% to 150%
• Standardizes and automates exception item processing
Request Information regarding OVERDRAFT PROTECTION services.
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