Blog

ICYMI: Our Top Blog Posts of 2016

Posted by Michele Rehm, Marketing Manager on Dec 27, 2016 10:19:22 AM

cms-265125_1920.jpgIn case you missed out... listed below are BSG Financial Group's five most popular blog posts of 2016. Loads of people have already read them and we wanted to make sure you did too! Take a look to get "in the know" and feel free to pass them along!

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Topics: Overdraft, News, Fee Income

PaySound® Allows Financial Institutions to Offer Checking Account with No Overdraft Fees... Ever!

Posted by W. Barrett Nichols, founder & CEO on May 24, 2016 11:07:38 PM

Right on the heels of our latest product release, I am pleased to unveil the addition of another revenue-generating solution for financial institutions: PaySound®—the online checking account that does not allow overdrafts.   

PaySound combines a full-service, mobile-ready checking account with an optional line of credit (from $500 to $5,000) for those of your account holders who do not want to incur even a single overdraft charge. These account holders may have opted out of your discretionary overdraft program or they use alternative sources of short-term funding. 

For whatever reason, they do not want their financial institution to allow them to spend more than they have in their accounts; and recent research shows that many of them are willing to pay for the certainty of no overdraft fees.

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Topics: News, Company News, Fee Income, Digital Lending, PaySound

MinuteLender™ Helps Financial Institutions Deliver Loans Online and in Minutes to Consumer and Small Businesses

Posted by W. Barrett Nichols, founder & CEO on May 10, 2016 8:28:39 PM

I am pleased to announce that our company has added MinuteLender™ and Business MinuteLender™—online lending platforms for consumers and small businesses, respectively—to our suite of revenue-enhancement solutions for financial institutions. 

Using the MinuteLender technology platform—under your financial institution's brand and control—account holders are able to get approval and account set up of small dollar, unsecured loans in just minutes. The entire loan application process can be accessed and completed on a computer or mobile phone, vastly improving the lending experience.

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Topics: News, Company News, Digital Lending, MinuteLender

BSG Financial Group to Host Webinar on The Opportunities of Offering a Discretionary Overdraft Program for Financial Institutions

Posted by Michele Rehm, Marketing Manager on Feb 2, 2016 10:55:11 AM

Session to advise banks and credit unions how to improve fee income & service with a compliant discretionary overdraft program.

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Topics: News, Company News, Courtesy Overdraft, Webinar, Overdraft Protection

Overdraft Analysis Does Not Always Match Overdraft Reality

Posted by Michele Rehm, Marketing Manager on Jan 26, 2016 9:03:50 AM

Our friend, Haberfeld Associatesa consulting firm that specializes in community bank and credit union growth and profitability, recently published an article that we think needs to be shared.

You see, the experts at Haberfeld–as do wedisagree with much of the analysis being published about overdrafts, especially from organizations like The Pew Charitable Trust and the Consumer Financial Protection Bureau (CFPB) that are looking to further regulate or even eliminate this service.

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Topics: Overdraft, News, CFPB, Research

Article Roundup: (Positive) Overdraft Protection News

Posted by Jeff Harper, President, BSG Financial Group on Jan 13, 2016 11:21:57 AM

We're not sure if it's a trend or merely a coincidence, but there have been quite a few articles in the trades recently that paint overdraft protection in a more positive light than usual. We think it is beneficial to share these articles that substantiate our belief that overdraft protection programs are, in fact, helpful to many consumers in meeting short-term liquidity needs. Further, the majority of consumers who access overdraft privileges do so as the result of an informed and conscious decision. 

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Topics: Overdraft, News, Courtesy Overdraft, Overdraft Protection

BSG Financial Group to Host Webinar in Conjunction with Market Rates Insight on Strategic Fee Pricing for Financial Institutions

Posted by Michele Rehm, Marketing Manager on Dec 1, 2015 6:59:48 AM

 

Have you heard? BSG Financial Group will host a webinar for financial institutions entitled, "Managing Deposit Fees: Price With Precision to Save Time & Increase Income."

The free webinar, which will help banks and credit unions accurately set retail deposit fees to maximize non-interest income, will be offered in two sessions: Tuesday, December 8, 2015 at 11:00 am EST and Thursday, December 10, 2015 at 2:00 pm EST.

The webinar—especially relevant to financial institution marketing, retail, and financial officers—will provide tips and strategies to help financial institutions accurately set retail deposit fees to stay ahead of the competition and maximize non-interest income.

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Topics: News, Fee Income, Webinar, Deposit Fees