A great tool for a long-distance connection.
When your financial institution participates in Shared Deposits, your cardholders are able to make surcharge-free deposits at thousands of MoneyPass ATMs across the country. Cardholders enjoy greater convenience. Your organization can be more competitive and earn additional revenue on every Shared Deposit transaction you acquire.
What’s more, the MoneyPass Network is able to process image capture transactions. So if you’ve recently upgraded your ATMs, offering Shared Deposits may help you recoup your investment faster, especially with MoneyPass Locator Services driving depositors to your ATMs.
Deposit sharing can be a useful tool in retaining and growing accounts among segments that tend to travel or move out of your footprint, including:
- Military families
- Business travelers