Managing Your Overdraft Business

Do you need to do a better job of managing your overall overdraft line of business? Could you benefit from improving risk management of your overdraft business? Can you respond with confidence to questions from your regulator or auditor concerning your overdraft business? Do you need a product that can support disclosed and non-disclosed programs?

Sheshunoff Consulting + Solutions’ Deposit Score was designed to be the answer to these questions and provide you with a holistic approach to your entire line of business. We are bankers too, and we recognize that given today’s regulatory climate, you want reassurance that the solution you rely on is well- established, backed by years of experience and industry knowledge, and conforms to regulatory requirements, best practices, and technology. Deposit Score was developed by a core team of overdraft experts who were bankers and for over seven years have been dedicated to refining and rolling out enhancements whenever industry developments made it necessary.

To Disclose or Not To Disclose Your Overdraft Program

We understand that it is important to be flexible to meet your business needs when you are realigning your overdraft services to comply with recent regulatory guidelines while at the same time finding the solution that best fits the relationship with your account holders. Deposit Score gives you the choice of disclosing the discretionary overdraft limit in a responsible manner versus not disclosing. And it is currently used by SCS Deposit Score clients both ways. For more information on Overdraft Choice and disclosing your overdraft program click here or read our white paper on the subject to guide your thinking process.

Manage Better with a Well-Proven Solution

Deposit Score provides overall management of your overdraft business:

• Assigns overdraft limits based on unique account characteristics, matching the account holder’s ability to repay to the service level provided. It can be customized to meet your goals- daily scoring, fixed or tiered limits- whatever you need.
• Automatically produces communications so you can actively manage customer who stay overdrawn.
• Continuous performance monitoring (revenue, waivers, refunds, charge offs and usage)

Experience less Risk with Improved Risk Management

Deposit Score will help you manage your overdraft risks:

• Establishes individual account trends based on both deposit and overdraft activity, and automatically updates the overdraft exposure on an account level basis should negative behavior present itself.
• Controls overdraft limits assigned to new accounts where history is limited.
• Implements account segmentation adjustments when risk levels are elevated.

Be Prepared for the Regulators and Auditors with Confidence

Deposit Score provides:

• Performance tracking reports (trends on revenue, charge offs, and efficiency ratios)
• Usage details (drill down to individual accounts to highlight annual information on fees charged, items paid/returned, and deposit activity)
• Active involvement from SCS (annual performance reviews designed to identify opportunities that improve the service)

SCS also provides separate consulting services to update procedures, policies, and disclosures to support Deposit Score.

Easy to Implement and Use

Deposit Score will be functional quicker than you would think:

• The typical implementation process takes 90 days. SCS consultants manage the project and work with you until the implementation is successful.
• You are provided comprehensive training and training materials.
• Due to its browser -based technology, front end users find Deposit Score intuitive and easy to use.