Charge Off and Recovery Support Added To Stunk’s Overdraft Privilege Software

Share this news:

The Strunk Overdraft Privilege Management Software includes the letters needed to notify customers that their account has been closed and charged off due to unpaid and outstanding overdrafts.

The Strunk Overdraft Privilege Management Software includes the letters needed to notify customers that their account has been closed and charged off due to unpaid and outstanding overdrafts or due to a default on a Fresh Start Loan for outstanding overdrafts. With the latest ODP Manager software update, the Strunk Overdraft Privilege Management Software now includes tools that will help manage account charge-offs and manage the recovery process after the account has been closed.


At the account level, the Strunk Overdraft Privilege Management Software can create a charge off item to track the charged off principal and fees. Users are able to add relevant notes and any updates will be logged in the OPD manager software. As recoveries are made, the recovery can be entered in the Strunk Overdraft Privilege Management Software and will automatically reduce the overall balance tracked.


By default, the Strunk Overdraft Privilege Management Software allows users to view the Charge-Off Items for the last year. If needed, users can select a custom timeframe by specifying a start date and an end date in the ODP Manager software. For reporting purposes, the Strunk Overdraft Privilege Management Software allows a summary of the Charge Off Items to be exported as a PDF.


With communications, tracking and reporting tools built right in, the Strunk Overdraft Privilege Management Software makes maximizing OPD fee income a breeze for banks or credits unions. These OPD management tools are especially helpful when dealing with charged-off accounts and fee recovery.


Strunk got started by helping banks and credit unions provide more convenient overdraft protection for their customers and improve fee income, while staying in full compliance with the law. The Strunk Overdraft Privilege Management Software, now with more features than ever, remains the gold standard for managing overdraft program. Please contact Strunk Support at support@strunkaccess.com with any questions or to find out more about using this feature.

Release ID: 88989469