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. This product incorporates the most advanced 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 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
  • High speed internet shortens transmission time
  • 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 Formats 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