Generate Additional Revenue
Maintaining a checking account costs your institution money, and those accounts often aren’t profitable. Studies suggest checking account profitability has decreased by 50% since 2013. Are your checking accounts costing your institution money?
Our Checking Services changes that, making checking accounts a revenue generator for your institution. By adding services that consumers highly value, such as identity theft protection, you now offer a value-added solution for which consumers are willing to pay a fee.
Address The Top Consumer Complaint: Identity Theft
Every year for the past 15 years, identity theft has been the top consumer complaint according to the FTC. A key piece of our packaged Checking Services is Identity Theft Protection, a service that consumers highly value. Offer your customers:
- Total identity monitoring of over 1,000 non-credit databases
- Daily monitoring of Equifax, Experian and TransUnion credit reports, with automated alerts of key changes, plus access to credit score and credit report
- Dedicated FCRA and FACTA certified recovery specialist
- Individual or family coverage
Boost Consumer Loyalty
Once your checking accounts are generating revenue for your institution, you’ll want to make sure you retain those customers. By offering valuable services that your customers appreciate, you’ll increase loyalty—and retention.