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Overdraft Privilege Service

OOPS!: OCCASIONAL OVERDRAFT PRIVILEGE SERVICE

Detailed Program Review Strunk and Associates’ team of highly experienced, full-time Overdraft Privilege analysts and support specialists conduct a comprehensive analysis of existing discretionary overdraft payment service programs. Areas in the review and analysis include, but are not limited to:

  • Legal and Regulatory Compliance
  • Risk Management
  • Performance Results
  • Staff Service Training
  • Disclosure and Marketing Activities
  • Internal Program Oversight
  • Forms, Policies, & Procedures
  • Data Processing
  • Staff Resources
  • Pricing
  • Financials

Analysis and Written Recommendations: Strunk and Associates provides detailed recommendations for service and earnings improvements initiatives. Recommendations are designed to translate into quantifiable, measurable improvement in the performance of the financial institution’s discretionary overdraft payment program.

Client Staff Training: Strunk and Associates will work with the financial institution to design an appropriate training program. Strunk can provide on-site training to ensure complete and thorough understanding of recommended changes.

Compliance and Legal Updates: Strunk & Associates’ compliance program is second to none. We demonstrate our commitment to compliance through procedures and ongoing engagements with regulatory and legal experts that specialize in these areas. This service includes detailed analysis on relevant legal developments and trends for all charter types.

Discretionary Overdraft Payment Best Practices: Clients are provided with service improvements, technology, program enhancements based on Strunk’s Best Practices recommendations and guidelines, and detailed analysis and updates on regulatory developments and industry trends.

ODP MANAGER V: ODP Plus participants will also have access to the industry-best Strunk and Associates’ ODP Manager V Customer Relationship Management Suite.

ODP Manager V offers a broad spectrum to software automation of the ODP management function. Use of the powerful “Visual Basic vb.net” format allows the application to provide broad and powerful features and functions such as:

  • Improved compatibility with core processors
  • Enhanced analytics for account relationship  and risk management
  • Powerful modifiable parameters for program management
  • Advanced history tracking
  • Custom letters and management reports
  • Enhanced security features

As our support team guides you every step of the way, you’ll discover that the Strunk & Associates’ Overdraft Privilege Service Program is simple, logical, and easy to execute.

If you are interested in learning more about ODP Plus, please contact us toll free at 800.728.3116 or via E mail at information@strunklp.com.