Impending legislation, widespread litigation, increasing fraud risk and added overhead are making NSF programs a major sore spot for banks and credit unions. DoubleCheck can keep all of these issues in check—while reducing your liability, keeping your revenue healthy and empowering your customers to make their own financial choices.
DoubleCheck notifies your customers when they have insufficient funds in their account so they can view their NSF and overdraft transactions while there’s still time to intervene, prioritize and pay for them before a transaction is returned. Customers get a second chance and you get an audit trail to show regulators you’ve done everything possible to help consumers. This is more important than ever as financial institutions continue to face regulatory scrutiny for predator behavior.