When Your Members Want MORE Give Them. Checking With Benefits

Size: px
Start display at page:

Download "When Your Members Want MORE Give Them. Checking With Benefits"

Transcription

1 When Your Members Want MORE Give Them Checking With Benefits

2 Give Your Members More Rewards Unleash the power of the Checking with Benefits rewards platform, created with modern benefits that impact members everyday lives, delivered right on their phone. Rewards can be added to checking accounts, debit cards or all member accounts. You can choose to give them away for free or charge a fee. All this is delivered through the BaZing mobile app. Seamless. Paperless. And a fabulous user-experience. Protect the relationships you have with members by rising to the challenge of making your products more relevant, more valuable and overall better than the competition. The power is yours. Checking with Benefits MORE SAVINGS and MORE PROTECTION for your members, MORE INCOME for your credit union s bottom line. Browse. Shop. Save. The deals find you just start scrolling to see deals nearby, or browse by category and location. Simply show the mobile coupon to the retailer for instant savings.

3 Give Your Members More Savings BaZing offers discounts from more than 360,000 name brand and local merchants, delivered directly to your member s smartphone. p Shopping: Featured local deals and online discounts from name brand retailers like Target, Kohl s, Verizon and hundreds more in the BaZing network. p Dining: Members can find great deals wherever they are. p Travel: Money-saving deals on hotels, car rentals, recreation and more. p Health: Save on prescriptions, eye exams, eyewear and hearing services. BaZing representatives will solicit merchants in the credit union s area to increase the number of discounts available to members. The service is free to merchants. BaZing mobile app users can also refer merchants to be added to the network. Savings Calculator. Every time members open the app, they re reminded how much your credit union has helped them save.

4 Give Your Members More Protection BaZing provides a wide array of coverage, some of which your members may already be paying for at a higher cost. p Cell Phone Protection: If members pay their cell phone bill with their BaZing checking account, they re covered. If their phone is broken or stolen, BaZing pays to have it replaced. p Identity Theft Protection: Includes a personal fraud specialist and reimbursement for identity recovery and restoration. p Roadside Assistance: Keys locked in the car? Car won t start? Roadside assistance is available 24/7. p Travel Accidental Death Coverage: Peace of mind for the unexpected. All this protection can be accessed through the BaZing app on your member s smartphone or tablet. From the moment your members open an account, our automatic engagement tools take it from there. There are no sign-up forms, no paper kits, no hoops for members to jump through just a beautiful app that s a breeze to use!

5 Give Your Credit Union More Income The payoff of the Checking with Benefits rewards platform is an immediate impact on your credit union s bottom line, all while remaining a source of member-friendly fee income. You ll improve member loyalty and retention, deepen relationships and make overall better lifestyle connections. BaZing credit unions experience: p 12% increase in deposits p 17% increase in debit interchange fee income p 37% increase in service charges Other financial institutions are plotting to steal your best members every day. By offering benefits that truly impact their financial well-being, members remain loyal to your credit union, keeping retention rates high and securing the fate of your most profitable relationships. Learn More Catalyst Corporate can conduct a detailed analysis of your existing checking program that includes segmenting and ranking member account relationships. Armed with this information, the credit union and Catalyst Corporate can structure checking accounts with appropriate levels of benefits. Catalyst Corporate also helps the credit union develop a new accounts launch plan and marketing plan. For more information on how your credit union can reward members and generate fee income through Checking with Benefits, contact your Catalyst Corporate account executive at contactus@catalystcorp.org or , option 5. BaZing is offered in partnership with Nashville, TN-based StrategyCorps.

6 BaZing Checking with Cha-Ching! Q. DO YOU WANT A LOW COST ACCOUNT WITH BASIC BENEFITS? An Example of Basic Checking Just the basics. Anywhere Banking Tools Checking with Benefits accounts can be accessed by your members through multiple channels including: online banking, mobile banking, bill pay and debit card (depending on your credit union s offerings). Access to BaZing savings 360,000 deals from local merchants to save you money on shopping, dining, travel and Enroll in estatements and avoid a $2 monthly paper statement fee Receive your account estatement notification in your every month. SUGGESTED SERVICE CHARGE SCENARIO Maintain a $100 minimum balance and we ll waive the $6 monthly fee. Grocery Shopping Prescriptions Dinner tonight New shoes Oil changes New glasses Planning a trip Amusement parks Checking with Benefits: Give your members more rewards, more savings and more protection and give your credit union more income! Learn more about this exciting service under Services/Payment Services at

7 Q. DO YOU HAVE A CELL PHONE OR LOOK FOR DEALS WHEN YOU SHOP? An Example of Value Checking Benefits you ll use. Anywhere Banking Tools Checking with Benefits accounts can be accessed by your members through multiple channels including: online banking, mobile banking, bill pay and debit card (depending on your credit union s offerings). Shop local, save local with BaZing savings Local discounts and national retailer deals to save you money on shopping, dining, travel and more. Cell phone protection Receive up to $200 per claim ($400 per year) if your cell phone is broken or stolen. Identity theft protection Includes payment card protection, $2,500 in personal identity protection and identity theft aid. Roadside assistance Available 24/7 and free to use, up to $80 in service charges. $10,000 Travel accidental death coverage Peace of mind for the unexpected. Pharmacy, vision and hearing savings Save money on prescriptions, eye exams, frames, lenses and hearing services. SUGGESTED SERVICE CHARGE SCENARIO Only $5 per month.

8 Q. DO YOU MAINTAIN A MINIMUM BALANCE OF $2,500 IN YOUR ACCOUNT? An Example of Premium Checking We reward your relationship. Anywhere Banking Tools Checking with Benefits accounts can be accessed by your members through multiple channels including: online banking, mobile banking, bill pay and debit card (depending on your credit union s offerings). Shop local, save local with BaZing savings Local discounts and national retailer deals to save you money on shopping, dining, travel and more. Cell phone protection Receive up to $200 per claim ($400 per year) if your cell phone is broken or stolen. Identity theft protection Includes payment card protection, $2,500 in personal identity protection and identity theft aid. Roadside assistance Available 24/7 and free to use, up to $80 in service charges. $10,000 Travel accidental death coverage Peace of mind for the unexpected. Pharmacy, vision and hearing savings Save money on prescriptions, eye exams, frames, lenses and hearing services. % Great interest on your checking balance Our best checking rate. SUGGESTED SERVICE CHARGE SCENARIO Maintain a $2,500 minimum balance, and we ll waive the $10 monthly fee.