Falcon Bank
How long has Falcon Bank been serving its community?
1986
True or False: Everyone gets the rewards in their Rewards Checking or Cash Back Checking accounts no matter what.
False, only those qualifying
What are the rewards on the Rewards Checking account?
4% APY on balances up to $100,000 & 2.00% APY on balances over $100,000 up to $25 ATM withdrawal fee refunds
What does FRAN stand for?
Free
Rewards
Ask to Qualify
No penalties
How can customers know how they're tracking towards qualifying each cycle?
Online banking; mobile banking
What are Falcon Bank's Values
Faith
Family
Falcon
The # of POS transactions to post and settle to qualify
15
What are the rewards on the Cash Back checking account?
4% on debit card purchases up; Up to $10 cashback each month; up to $25 ATM withdrawal fee refunds
What are the rewards on the Cash Back checking account?
4% on debit card purchases up; Up to $10 cashback each month; up to $25 ATM withdrawal fee refunds
These two products are the primary drivers for deposits
Rewards Checking and Premium Savings
How many branches does Falcon Bank have?
18
What are the qualification for the Rewards Checking?
•15 debit card transactions 1
•E-statements 2
•1 ACH Credit or Direct Deposit 3
What are the rewards on the Premium Savings account?
2.50% APY on balances up to $250,000 & 1.50 APY on balances over $250,000
Reasons why Premium Savings should be added to every Rewards or Cash Back checking account?
- Higher avg. balances
- More POS
- Deeper product penetration
- Stays on avg. 2-years longer
On average which account has more debit card usage?
Cash Back Checking
In the 1950s, Hugo A. Gutierrez Sr. needed to borrow how much for materials?
$5,000
What are the qualification for the CashBack Checking?
•15 debit card transactions 1
•E-statements 2
•1 ACH Credit or Direct Deposit 3
Even when your customer doesn't qualify does the customer still earn in the Rewards Checking and Premium Savings
Earn base rate of 0.05% APY
Why is this program a Win-Win?
Rewards consumers
Makes or saves the bank money
- higher avg. balance
- younger
- more POS and eStatement adoption
- stickier
- deeper product penetration
-longer life-span
What happens if I don't qualify?
It's still a free account and you can try again next month, plus in Rewards Checking and Premium Savings you get 0.05% on your balance
How do you qualify in Premium Savings?
Qualify in your attached Rewards Checking or Cash Back Checking accounts
How many business days before the last business day of the month does the customer have to complete the 3 requirements
1 business day
How much in deposits have community institutions lost to Fintech banks in the last five years?
$3 Trillion
This is the average daily balance that determines whether Rewards Checking or Cash Back Checking is better for the customer.
$3,000