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Financial institutions have been worried about taking advantage of account holders in a pandemic environment. Banks and Credit Unions are not sure what regulators expect in terms of accommodating financial institution customers who are in hardship situations. The last 14 months certainly haven’t been easy on bank and credit union account holders. The last thing financial institutions want to do is appear to be taking advantage of a bad situation by pushing the envelope on overdraft fees. Strunk will help financial institutions strike the right balance of ODP fees versus hardship accommodations.
Strunk doesn’t charge a contingency fee – so they do not push banks and credit unions to generate more fees if the financial institution does not think it is the right thing for their client base. Stunk charges a very affordable fixed annual fee – so they don’t have to feel like they need to justify the price they pay for overdraft by driving more fee income like they might with other ODP vendors.
According to Dan Roderick, CEO, “It the goal of Strunk to maximize the performance of your overdraft program based on the financial institution’s strategy while ensuring banks and credit unions stay in compliance.”
With StrunkAccess banks and credit unions receive the latest hosted ODP Manager software, which will facilitate the generation of proper notifications & reports when they’re needed. ODP Manager is the most powerful tool available to help financial institutions get the most benefit out of their overdraft programs and remain in full compliance with the law. It is provided as a cloud-hosted application, taking full advantage of the latest software developments and eliminates the need for financial institutions to maintain a separate application in their own network environment.
For more information about StrunkAccess and ODP Manager software contact Strunk at info@strunkaccess.com or 800-728-3116.
Release ID: 89025087