Collect Overdrafts

A SUSPENDED BANK ACCOUNT DUE TO OUTSTANDING OVERDRAFT CHARGES IS FORWARDED TO A TEAM OF EXPERIENCED OVERDRAFT RECOVERY PROFESSIONALS. WE CONTACT YOUR CUSTOMER AND WORK OUT AN ARRANGEMENT TO PAY THE BALANCE IN FULL.

When accounts are forwarded to Overdraft Collection, we suggest giving the customer an additional 30 days to pay the balance in full. In this grace period, a request will be sent to your institution to reinstate the account. Considering each customers economic situation and the importance of customer retention, we have found these efforts benefit both customer and overall growth of your institution. When balances are not paid-in-full within 45 days of using Overdraft Control, traditional collection activity will occur including skip-tracing, asset searches, and demand notifications. 

   

COLLECTING OVERDRAFT BALANCES AFTER THE ACCOUNT IS CHARGED-OFF

Overdraft Collection final stage is a more aggressive approach to recovering outstanding balances. Our focus is to retain your banks reputation but establish payment arrangements in full. Our team is familiar with collecting bank accounts and uses the full extent of the law to recover outstanding overdraft charges even when the account is charged-off. 
   
               

FOLLOW-UP SERVICE, COLLECTIONS & LEGAL PROCESSING

  • Retain Customer in 30 Days
  • Send Demand Letters
  • Report to Credit Bureaus
  • Collect Balance In Full
  • Negotiate Payment Arrangements
  • Reinstate Accounts When Possible
  • Send Legal Letters
  • Search Assets
  • Provide Legal /Arbitration

Sign-up Today.

Save Banking Customers.

Have questions? Ready to dive in? Contact us and an OC team member will assist you.

The banking industry's best overdraft resource.

Get in Touch

Overdraft Control

A1459 Powell Street
San Francisco, CA 94133

T530-391-6695

F714 845 1900