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Dynamic Overdraft Limits a Hot Topic with Industry Executives

Posted by Jeff Harper, President, BSG Financial Group on Jun 21, 2018 10:39:26 AM

Formal discretionary overdraft programs—despite their past stigma—are a topic for consideration again for financial institutions. I draw this conclusion based on the hundreds of conversations I have had over the past several months with financial executives while attending and exhibiting at various industry trade shows and conferences.

It seems many institutions that had previously adopted a 'wait and see' stance about implementing a discretionary overdraft program are moving forward in doing so. Some executives said the encouraging news coming from the CFPB is their impetus to modernize. Other institutions simply realize their programs are outdated, inefficient and need to be updated in order to provide exemplary service and generate new income.

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Topics: Compliance, Fixed Overdraft Limits, Overdraft Management, Dynamic Overdraft Limits

Migrating from Fixed to Dynamic Overdraft Limits is a "Non-Event" for Accountholders

Posted by Michele Rehm, Marketing Manager on Dec 10, 2015 1:13:42 PM
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Topics: Overdraft, Fixed Overdraft Limits, Dynamic Overdraft Limits