Fly on the Wall

Review of Overdraft Program Could Uncover "Found Money"

It's no secret that most financial institutions are looking for new ways to boost income. But before you unleash the new product development hounds, don't overlook the tried and true programs--like overdraft protection--you already have in place. With a few simple tweaks to this program, you could potentially double your income.

BSG Financial offers a COMPLIMENTARY, no-obligation Overdraft Review to determine if your program could be earning more income and better serving account holders. The results of Review may confirm your overdraft program is working to its fullest potential. Or we may uncover "found income." Either way, you have nothing to lose.

To begin, answer a few brief questions. BSG Financial will report any areas of opportunity we identify, and suggest tactical program modifications, if applicable. You can implement any of these modifications on your own, with no obligation whatsoever to BSG Financial, or you may wish to enlist our services.

Start the Review here. It only takes a few minutes, but could reap significant rewards!

Higher FDIC Insurance Premiums: Who Picks Up the Tab?

Earlier this year, FDIC Chairman Sheila Bair warned that the banking industry would possibly face additional deposit insurance premiums by yearend. "We think there is a good probability that we will have to do another special assessment in the fourth quarter," she said in May.

Based on the number of bank failures since then (43 banks, with $41 billion of assets), the 'probability' looks more like a certainty in order to replenish the Bank Insurance Fund.

How will you pay for these additional assessments?

Whether you're looking to increase income or decrease expenses, BSG Financial can help you 'pick up the tab.'

Our Re$ubmitIt electronic check recovery service increases income for your institution and your business account holders by electronically collecting funds from returned deposit items.

Our ExpenseMark sourcing and procurement program can cut expenses by 25% to 40% in selected cost target areas.