5.6 million people in the U.S. plan to switch banking providers in the next 12 months.
Make it simple for these consumers to quickly fund and move primary accounts to your credit union. You spend time and money to acquire new members, many of whom remain inactive or attrite due to the inconvenience of moving direct deposits and recurring payments from old accounts. In fact, attrition rates of new account holders range from about 25% to 40% at most financial institutions.
ClickSWITCH solves this problem by empowering your account holders to quickly, safely and securely switch direct deposits and automatic payments to a new or existing account at your financial institution. With ClickSWITCH, your members don’t have to research bills or complete paper forms. Members simply log into the credit union branded ClickSWITCH portal, where they can digitally and automatically switch their direct deposits and recurring payments from their former financial institution to yours, using a mobile device or personal computer. The process is automated, intuitive, and takes just a few minutes to initiate the switch.
ClickSWITCH will provide status updates along the way. When your account holders’ complete the process, the solution can even initiate the closure of their legacy accounts at their former financial institution. Account information is transferred quickly and securely, paving the way for a smooth and speedy transition to establish their primary financial institution (PFI) relationship with you. It’s automated, faster and easier than ever before.
Join us for a demo and find out if ClickSWITCH is a fit for your credit union.