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Powered by the databases, the Early Warning deposit and payment risk assessment services help prevent fraud-related losses by notifying users of high-risk deposits and payments via transaction accounts, such as checking, demand deposit, negotiable order of withdrawal, automatic transfer service and credit union share draft accounts.
Even on negotiable order of withdrawal accounts, savings deposits, and money market deposit accounts, to which inflows have strengthened, returns on the larger accounts-- likely involving the most interest-sensitive depositors-have dropped much faster than have the most common rates paid.
Mandating such a mailing to holders of the approximately 250 million consumer accounts (including certificates of deposit, savings, negotiable order of withdrawal [NOW], checking, and other accounts) would impose significant printing and mailing costs.