secure checking solution sample
TRANSCRIPT
SOLUTIONS
Secure Checking Solution
REVENUE BENEFITS
MEMBER BENEFITS
$200,000 in revenue after year one*
$1.1 million in revenue after years 1 through 5*
Based on:
6,000 checking accounts
$4.95 checking account service charge
90 new account openings per month
70% new account take rate
80% of 6,000 converted to new account
To comply with Reg – E, a notification letter is sent to the member
A second Fulfillment Letter is sent out with a Description of Benefits
*Revenue projections based on sample figures above
ID Protect ‐ Identify Fraud Reimbursement
Coverage – up to $10,000 in reimbursement
‐ Comprehensive Identify Theft Resolution Services
‐ Debit & Credit Card Registration
‐ Total Identity Monitoring –nonfinancial monitoring
‐ Credit File Monitoring – monitors Equifax, Experian and Transunion credit files daily. If changes occur, member is alerted automatically.
‐ Member can pull a brand new credit score and report every 90 days
‐ Identity Theft monitoring for children
Cellular Phone Protection ‐ Member receives up to $300 of
replacement or repair costs if cell phone is lost, stolen or damaged.
‐ Covers up to three cell phones on member’s cell phone bill
Additional ‐ Travel & Shopping discounts
‐ Accidental Death coverage
‐ Prescription drug discounts
‐ Dental and eye care available
Provides value while building loyalty amongst member base
Rewards members for having Secure Checking Majority of your members covered in case of Identity Theft
Members will have real- time access to Credit Report and Credit Score Establishes “sticky” in strengthening the relationship with the member
Provides a new and exciting service for retail associates to present
Generates non-interest revenue while providing valuable services to members
Dottie Shepperd
(214) 796-7820 [email protected]