Whether adding to your present program, or offering a new service, the Share Draft Module will deliver the finest demand deposit service to your membership.

Details

• This product incorporates the most advanced communication software and hardware technologies, insuring uninterrupted member transaction service.
  
  
• The Share Draft Module incorporates flexible pricing, enabling you to precisely control the cost of your share draft program.
  
  
• Adjustable parameters include interest, fees and charges.
  
  
• Full screen field editing permits you to quickly adjust our program to market conditions, insuring a competitive and successful program.
  
  
• With the Share Draft Module, member draft account data is sent from your selected payable through bank to your system for immediate updating.
  
  
• Complete overdraft protection with automatic transfers from regular shares, money market accounts, open-end loans, and even club accounts simplifies back office operations.
  
  
• The amount and type of overdraft protection can be specified on an individual account basis.
  
  
• Automatic receipts can document all transfers and non-sufficient funds transactions adding another convenience to your operation.

Benefits

• Seamless integration with Share/Loan Module.
  
  
• Definable parameters permit diverse product characteristics.
  
  
• 99 account types for support for multiple drafts per member.
  
  
• NSF Counter.
  
  
• Automatic reception, posting of all transactions.
  
  
• Advanced teller posting features support for all manual transactions.
  
  
• Full overdraft protection from Shares, Clubs, or overdraft loans on an individual account basis.
  
  
• Automatic member notices on all overdraft transfers and NSF transactions.
  
  
• Multiple dividend calculation methods and parameters by draft type.
  
  
• Concurrent reception of drafts with all teller operations (multi-user).
  
  
• Concurrent posting of drafts with all teller operations (multi-user).
  
  
• Ordering of daily drafts from smallest to largest maximizes the number posted.
  
  
• Automatic or manual loan payments from draft accounts.
  
  
• Cleared draft members are listed in order on statements, aiding member reconciliation.
  
  
• Support for multiple payable through institutions.

Current Format Supported

• Empire/PEMCO/EIS-CSG
• Liberty National Bank
• Corestates (First PA Format)
• Travelers Express Company
• Chase Format
• Pittsburgh National Bank
• NACHA Format
• Federal Reserve System
• Texas CU League
• Wescorp