Do your checking accounts exceed goals and deliver the bottom line results you want? Do staff get excited just having the chance to mention checking options to prospective account holders?
Probably not. That’s why you’re here.
Checking in the banking industry is evolving. With a whole lot of service providers explaining why their solution is the best. Before discussing any, let’s step back and figure out what matters to you.
What are some challenges you want to address?
- Increase revenue
- Build loyalty & retention
- Differentiate from competition
- Acquire new accounts
- Reduce costs
Perfect, because we have an answer for you. In fact, make it five! We compiled a list of the five best checking solution providers for financial institutions like yours.
Depending on how you rank the challenges above (or even discover unique ones we didn’t mention), our guide will help you decide which providers (and what kind of solution) makes the most sense for your institution.
Before we get to our guide, make sure you take a look at our “7 Ways to Increase Checking Account Revenue.” This is especially helpful if your goal is to grow through means other than NSF and OD fees.
Your checking program is where loyalty, engagement, and onboarding really begin. So what are you doing to ensure it’s firing on all cylinders? This Cheat Sheet will give you 4 quick, actionable steps to make the most of your checking program.
Get the Cheat Sheet
We also share some tips on addressing some of the other challenges, such as building loyalty and reducing costs. But, I digress…
While we believe our Subscription (Value-Added) Checking solution can address all the listed challenges, we understand you want to consider all available options.
It’s important to be confident in your options before developing an internal plan or choosing a new path for your checking accounts. Consider this your insurance against “buyer’s remorse”!
Here at GreenProfit Solutions, we believe you deserve honest insights to make the best choices for your institution.
So here’s our compilation of the five best checking solution providers to the financial institution industry. These providers specialize in either Subscription (Value-Added) Checking or Rewards Checking. We display them in no particular order:
5 of the Best Banking Industry Checking Solution Providers
1. StrategyCorps
2. The Sisk Company
3. NXG Strategies
4. Cyberscout
5. Kasasa
StrategyCorps
Location: Brentwood, TN
Year Founded: 2001
Website: www.strategycorps.com
Services: Value-added checking
- Bazing® app: Local discounts, cell phone protection, roadside assistance
- CheckingScore® analytics
Their “Bazing” mobile app was voted #1 Digital Banking Solution in the 2017 BankNews Innovative Solutions awards.
The Sisk Company
Location: Fort Worth, TX
Year Founded: 1970
Website: www.siskcompany.com
Services: Value-added checking
- Identity Theft Protection & Resolution
- Cell phone damage insurance
- Local merchant, travel & entertainment discounts,
- AD&D
NXG Strategies
Location: Franklin, TN
Year Founded: 2005
Website: https://www.nxgstrategies.com
Services: Value-added checking
- NXG Protect® identity theft
- NXG Breach® – business
NXG Strategies and Allied Solutions LLC have an ongoing partnership established in 2006.
Cyberscout®
Location: Scottsdale, AZ
Year Founded: 2003
Website: https://cyberscout.com
Services: Value-added checking
- LifeStages® identity theft
- DataRiskStages® – business
- FraudScout® – ID monitoring
Besides working with financial institutions, Cyberscout® partners with 16 of the major 20 US companies.
Kasasa®
Location: Austin, TX
Year Founded: 2003 (Originally BancVue)
Website: https://www.kasasa.com
Services: Rewards Checking
- Kasasa Cash®
- Kasasa Cash Back®
- Kasasa Tunes®
- Kasasa Saver®
Kasasa® is the most popular 3rd party rewards checking program serving community banks and credit unions. According to Nerdwallet: “Kasasa offers one of the best checking and savings packages in the nation”.
Final Words & Further Reading
GreenProfit Solutions represents the Club Checking program from EconoCheck. It’s a Value-Added/Subscription checking platform currently serving over 600 banks and credit unions.
Now you’re armed with the best banking industry checking providers nationwide! With this information, consider the challenges your institution is facing, and match the services/providers your institution requires. It’s all about finding the best fit that makes sense for you.
Want to learn more about enhancing your institution’s checking? These articles will help you on this journey:
- What is Subscription (Value-Added) Checking? (Definition & Benefits)
- What are the Costs of Value-Added Checking?
- 7 Ways to Increase Checking Revenue
- Subscription (Value-Added) Checking Case Studies: Changing from Free to Fee
Ready to start a conversation? Schedule here.
Blogger. Speaker. Part-time Jedi.
Focused on helping your bank or credit union grow in the face of emerging challenges.
