Are you seeking a new service that provides value to your members/customers? |
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How convenient is it for your members/customers to move money between accounts with different financial institutions? Today, most financial institutions offer a manual, in branch, wire transfer service. This service is inconvenient for both the member/customer and the financial institution staff, and it can be quite costly. Since deposits and withdrawals are frequent activities of members’/customers’ everyday lives, why not offer them the freedom and convenience of an online, self-driven funds transfer service?
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Key Features of Funds Transfer Service
With a funds transfer service, members/customers can easily transfer money using the Internet. The service is available around the clock and is accessible from anywhere.
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Additional features include:
Account-to-Account (A2A) - move money between the member’s/customer’s accounts with any of their financial institutions
Scheduling options - schedule on demand, recurring, and future transactions
Account verification - double deposit withdrawal verification - verifies ownership and control to ensure security and authenticity
Tracking and monitoring - audit trail of all transactions available online
Fraud protection - email notifications on any account activity such as service registration, account registration, account activation, and scheduled transactions Furthermore, the account-to-account funds transfer service is in compliance with NACHA and e-regulations.
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Benefits of Online A2A Funds Transfer Service
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The benefits of offering an account-to-account funds transfer service are more than ever before. Financial institutions are continually looking for attractive ways to not only acquire but also retain members/customers. By adding A2A services to the online channel, financial institutions can:
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Avoid flight of members/customers
Minimize staff dependency
Increase assets under management
Reduce expenses and processing costs
Generate revenue with outbound transfer fees
Improve member/customer satisfaction
Experience greater inbound transfers (65% or greater)
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On the other hand, members/customers are also looking for convenient tools that make life easier. By utilizing online A2A services, members/customers not only enjoy the time savings but also control their own finances.
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With uMonitor Account-to-Account Funds Transfer Service, you can give your members/customers greater control of their financial lives. To learn more about the uMonitor Funds Transfer Service and other innovative financial services such as New Account Setup and Online Funding with Switch Kit, call 901.757.1212 and speak to a uMonitor representative today or visit www.umonitor.com.
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