Digital Refer a friend
SOLUTION OVERVIEW
Empower and Reward Your Account Holders to Fuel Checking Growth
Referral solutions are a natural complement to a checking acquisition strategy, especially when you consider:
45%
of consumers start their search for a new Financial Institution by asking friends and family for advice on where to bank.
(Source: Forrester Research)
Word of mouth advertising is more trusted than traditional advertising.
(Source: Nielsen Global Trust in Advertising Survey)
Referral marketing cuts the cost of acquisition in half.
SIGN UP TO MAKE REFERRALS
REFER A FRIEND USING SMS TEXT OR EMAIL
GET PAID! EARN REWARDS FOR QUALIFIED ACCOUNTS
Solution Features
Automated digital solution.
No paper or manual processing
No gift card.
Cash payout directly to the customer’s checking account
Private user dashboard to make referrals and monitor activity
Multi-channel referral methods.
Refer via Text, Email, Meta, and Twitter
Referral Perks.
Earn rewards just for making referrals
Behavior-based incentive system.
Optimized for mobile devices
One click report access via an on-demand online reporting portal
How Does Your Referral Solution Compare?
Empower & Reward Customers To Fuel Checking Growth
Acquire New Households | Promote Brand Advocacy | Increase Loyalty
| Feature/Benefit | Description | Digital Referral | Other Solutions |
|---|---|---|---|
|
Dedicated Account Team An extension of your marketing team |
CS3 team manages all facets of program/execution so you don’t have to. |
YES |
NO |
|
Solution Automation Do more with same. |
Automated and centralized data processing. Automated communication execution. |
YES |
MAYBE |
|
Multi-channel Communication Leverage 5-channels to deliver up to 16-touches over 5-messaging moments in 90-days. |
|
YES |
NO |
|
Personalized Referral Dashboard |
Customers receive a personalized dashboard to make referrals, monitor referral status and reward payouts and ask questions. |
YES |
NO |
|
Automated Behavioral Incentive System |
Promotes account quality. Incentives paid to only those who exhibit desired behavior. System monitors activity and facilitates reward payouts. |
YES |
NO |
|
Performance Measurement |
On-demand performance metrics: Provides wholistic view of ROI, response rates, email/text opens, profitability, balance gains, product cross-sell gains, attrition, customer satisfaction scores. |
YES |
NO |
|
Support New Checking Growth |
Gain a 5 -10% growth lift at less than 1/2 the traditional CPA with an integrated digital referral program to fuel DDA growth. |
YES |
MAYBE |
|
Free Marketing Support |
|
YES |
NO |
|
Budget Flexibility |
Configurable to fit most budget scenarios. |
YES |
YES |
|
Implementation Ease |
|
YES |
MAYBE |
Contact Us
Products
Digital Referral
Online Appointment Scheduling
Life Event Alerts
Digital Loan Acquisition
About CS3
The CS3 Advantage
Client Case Studies
Contact Us
(303) 619-3057
7811 Pioneers Blvd Office Suite 104, Lincoln, NE 68506