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OVERDRAFT PRIVILEGESM | Program Benefits | Key Features | Market Profile | Program Contacts |
Strunk & Associates' Overdraft PrivilegeSM allows financial institutions to offer a discretionary overdraft protection program that will enhance customer satisfaction and loyalty while providing risk mitigation advantages and increased income to the bank. Developed by experts and specialists in the financial consulting arena, Overdraft Privilege incorporates best practice standards to provide a turn-key product recognized for its convenience and customer friendly approach to overdraft protection. 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. • Program documentation and implementation plan More on Overdraft Privilege. All commercial banks, savings & loans and thrift institutions.. FINANCIAL INSTITUTION BENEFITS • Strengthens the bank's service portfolio: improves account relations and customer loyalty CUSTOMER BENEFITS • Provides account holders with flexibility and convenience in how they manage their funds Strunk & Associates, L.P. Steve Polestak (202) 663-5577; E-mail: spolesta@aba.com
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