by IZALE Friend, Tim Bode, Stratis
The StartFresh program has been a great solution. It helps Banterra Bank serve a previously underserved segment in a way that meets their needs, is profitable, and earns compliance favor. As Debra recently shared:
"...we had our quarterly compliance committee meeting yesterday. We love this product and the performance. It was a great CRA factor in our recent exam. Just wanted to say thanks for all you do."
What worked for Banterra can work for your bank or credit union as well; through this program, your StartFresh account holders will:
- Avoid the embarrassment and inconvenience of not qualifying for a checking account
- Rebuild their financial reputation
- Feel more empowered and more "in control" of their finances
- Get direct deposit for payroll and government checks
- Avoid costly check cashing fees, and
- Eventually "graduate" to a more favorable traditional checking product!
By implementing StartFresh Checking, your bank:
- Serves more customers
- Increases customer satisfaction
- Establishes longer lasting and more loyal customers
- Grows deposit and checking accounts
- Enhances fee income
- Opens accounts more efficiently
- Creates cross-sell opportunities
- Serves a new segment of customers in a consistent and compliant manner.
Stratis has pioneered this program, implementing it most effectively since 2007. No other firm has more experience in the "second chance" space. With unemployment at an all time high, there is a population that truly needs this option.
Stratis is available to speak with you about your particular challenges to see if StartFresh Checking can work for you!