Overdraft Revenue Makes First Climb in Three Years

Overdraft revenue at banks, credit unions and thrifts rose last year for the first time since 2009, according to a new report from the economic research firm Moebs Services. Total overdraft revenue ticked up to $32.0 billion in 2012 — up $400 million, or 1%, from the previous year, according to the report. Still, despite regulations that put downward pressure on overdraft revenue, “consumers' use of overdrafts shows no indication of going away, and is actually increasing," Michael Moebs, chief executive officer of Moebs Services, said in a press release. Read more.

A CBSC Preferred Provider, IMPACT Overdraft Solutions are designed to create, protect and sustain overdraft fee income, improve consumer satisfaction and manage overdraft processing with advanced automation. IMPACT provides the components required for successful Overdraft Programs; ATM/Debit Card Opt-In Maximization, FDIC Final Guidance, On-site Implementation, Plan Design, Compliance Documentation and Disclosures, Compliance Guarantee, Consumer Awareness Material, Employee Training, Risk Management Software, Operational Training, and Ongoing Support. CBAI members receive special discounts up to 20%, and a free NSF compliance assessment. Contact Bob Flowers, Jr or Jeff Flowers at (800) 477-9452 for additional information.