There is no need for a customer to sign up for Overdraft Privilege, enabling the service's benefits to be extended to a greater percentage of the financial institution's checking account customer base.  Nearly 2,000 financial institutions throughout the United States are experiencing improved performance in the management of their overdraft line of business and strengthened ability to attract, retain and grow profitable account relationships.

KEY FEATURES

• Program documentation and implementation plan
• On-site training for financial institution's staff
• System automation and system testing
• Regulatory compliance and best practice procedures
• Collection and risk management processes
• Post-implementation support

More on Overdraft Privilege.

MARKET PROFILE

All commercial banks, savings & loans and thrift institutions..

FINANCIAL INSTITUTION BENEFITS

• Strengthens the bank's service portfolio: improves account relations and customer loyalty
• Serves as a means to educate account holders and cross-sell other financial products
• Reduces item-processing expenses
• Attracts new account holders
• Achieves results without raising prices or cutting or adding staff

CUSTOMER BENEFITS

• Provides account holders with flexibility and convenience in how they manage their funds
• Provides account holders with access to a discretionary service traditionally reserved for high net-worth customers

PROGRAM CONTACTS

Strunk & Associates, L.P.
14614 Falling Creek Drive, Suite 110
Houston, Texas  77068-2942
Marc Paine
(800) 728-3116

CAB CONTACTS

Steve Polestak  (202) 663-5577; E-mail: spolesta@aba.com
Kimberly Smith   (202) 663-7516; E-mail:  ksmith@aba.com