Overdraft Compliance Created by m.moebs on 2/27/2023 6:25:07 PM
Complying for overdrafts is much more than Truth-In-Savings.
This report shows 6 major overdraft challenges.
Risk is at the heart of all OD struggles.
Your comments of any kind are welcomed.
Overdraft Compliance Integrates Profit, Society, Politics, Price, Volume, & Economics
“Overdrafts are quite complex and choosing the right combination of features is essential.” Michael Moebs, Economist & Chairman of Moebs $ervices, LLC (M$) a Financial Service Research Firm.
Lake Forest IL (February 27, 2023) The combination of features driving the price of an overdraft for a financial institution (FI) is the key to net fee revenue which is 25.4% of all net income. Compliance takes many forms in this decision: profit, social, political, price, volume, and economic.
Fee revenue, or service charges on deposit, is 14.7% of bank net income, 5.6% for thrifts, and 52.1% for credit unions. Overdrafts are the leading source of fee revenue. READ FULL ARTICLE