Crying Wolf: Misguided Information About Potential Overdraft Regulation

Posted on Tue, Feb 17, 2015

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Tags: Overdraft Privilege, Overdraft Privilege Programs, ODP, Pinnacle Financial Strategies, CFPB, Banking Regulations

The Hidden Opportunity for New Accountholder Acquisition

Posted on Tue, Sep 16, 2014

Accountholder acquisition at financial institutions often depends on major life-changing events such as a new job, marriage or moving; however, the unique circumstance surrounding college students makes them a prime target demographic for new accountholder acquisition. Financial institutions can capitalize on this opportunity by providing students with tools to succeed on their own financially. Most college students are looking for three things before they head off to school: a new bank, an accessible checking account and financial education.

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Tags: Overdraft Privilege, nowBANKING, Mobile Banking, Overdraft Privilege Programs, Pinnacle Financial Strategies, accountholder acquisition

5 Keys for a Successful Overdraft Program

Posted on Tue, Aug 19, 2014

There are no one-size fits all overdraft privilege programs. Each overdraft privilege program needs to be unique to your financial institution and provide your staff with proper training. Through reasonable fees, expectations and conservative overdraft limits, your financial institution can provide accountholders with a valuable customer service they appreciate.

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Tags: Overdraft Privilege, Pinnacle Overdraft program, overdraft program compliance, Overdraft Privilege Programs, ODP

5 Reasons Good Overdraft Privilege is Still a Consumer Service

Posted on Tue, Jul 22, 2014

While many financial institutions have let their overdraft privilege programs slip by the wayside after the implementation of Reg E in 2010, others have achieved success using fully disclosed, automated overdraft privilege programs. Good overdraft privilege programs provide your accountholders with stability and convenience while avoiding the embarrassment of a returned item. While not all overdraft privilege programs are the same, a specialized program that fits your financial institution provides a distinct consumer service that your accountholders value.

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Tags: Reg E, Overdraft Privilege, Pinnacle Overdraft program, overdraft program compliance, Overdraft Privilege Programs, ODP

Overdraft Privilege - Efficient and Fair Overdraft Privilege Program

Posted on Thu, Dec 01, 2011

Intense regulatory and economic pressure means that financial institutions, already operating leaner than ever, must become even more innovative to remain profitable. An integrated, automated overdraft program frees up more than 90 hours a week of staff time for other work and ensures that financial institutions implement their overdraft programs fairly and consistently.

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Tags: Overdraft Privilege, Pinnacle Overdraft program, jack henry and associates

Overdraft Privilege - Solution from Pinnacle Financial

Posted on Thu, Dec 01, 2011

The Reg E Amendment was announced in November 2009 mandating significant changes to the ways in which financial institutions manage their overdraft programs. Pinnacle understood the potential impact this amendment could have, not just on community banks and credit unions, but also on consumers who rely on the “checking account insurance” that overdraft privilege provides. Early estimates had forecast a loss of more than 60% of fee income for financial institutions. Account-holders who were used to automatic coverage on their accounts would have to actively choose, or opt-in, for account coverage.

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Tags: Reg E, Overdraft Privilege, Pinnacle Overdraft program, fee revenue

Overdraft Privilege - Compliance

Posted on Wed, Aug 17, 2011

While launching a competitive overdraft privilege product can be a regulatory challenge, working with Pinnacle’s experts can ensure a compliant, successful program.

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Tags: Overdraft Privilege, overdraft program, overdraft program compliance

The Truth About Overdraft Privilege Programs

Posted on Tue, Aug 02, 2011

Critical success factors and best practice strategies deliver overdraft privilege programs that satisfy you, your accountholders, and your examiner.

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Tags: banks, local banks, Customer Service, Overdraft Privilege, Pinnacle, success

Delay Durbin – Contact your Senators NOW

Posted on Tue, May 24, 2011

By Joe Gillen, CEO Pinnacle Financial Strategies

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Tags: Overdraft Privilege, Durbin, legislation, interchange