With the check:r there is no logical rationale for temporary checks. Just go ahead and fill the order! It is just that simple! The check:r System makes "right-here-right-now" checks a reality that clients (and your bottom line) will appreciate.
The check:r System produces professionally packaged checkbooks in minutes -- with a manual stapler. In addition to the immediate customer service benefit (with REAL checks and more fee income), you have the flexibility to precisely accommodate your depositor’s requirements – singles, duplicates, deposits, order size, and product mix. You take control, catch mistakes before they become complaints, and stop the money drain to off-site check service providers.
Fee Income & Core Deposits:
Does fee income impact core deposits? You bet it does. How much has to come out of core deposits in at risk loans to generate enough interest income to off set the cost (and the luxury) of out-sourced check services? Here is the formula.
CORE DEPOSIT SAVINGS SAMPLE CALCULATIONS
By catering to check users – the most profitable market segment - you begin to chip away at the revenue gap from low interest rates and lukewarm loan demand. Watch the Check User Profile video on the MICR Prime home page to see "by the numbers" why check users are such an important market segment.
A bit of number crunching reveals two (2) significant items:
- The check:r system makes on-site checkbook production highly profitable – up to a 70% margin – depending on your selling price, of course.
- That means more money is available to loan – as much as $200.00 per checkbook order stays in core deposits.
Another way to look at it -- even a very minimal number of check:r orders is like adding another property to the balance sheet without the loan risk! And there are other benefits – target marketing, compliance, etc. The .pdf tutorial below shows the process – simple, quick, and profitable.
Click on this Adobe .pdf icon to see the check:r tutorial. It really is quite simple. Just read and follow the instructions step by step. One time through and any staffer will be an expert. No need to hire someone new.
Demo Kit Request:
PUZZLE ANSWER -- Straight-lined lettrers are on the top line. Curve-line letters are on the bottom line.