BankerBounty Hits New Milestone in 2025
As we are all nearing Thanksgiving - BankerBounty is nearing $400 Million in added accounts for our community bank clients, and that’s something to be thankful for.
Don’t believe me? This is a brief story of how we got here:
Back in early 2024 the software was still rough around the edges. Even though it was not fully realized yet, the concept of sending “warm” leads, in other words friends and family, into the bank and receiving a reward started to take root. A handful of brave banks were willing to join early and that is how it began.
Since then a couple of those banks have gone on to add $10 Million in one year, $25 Million in a year even $50 Million. We would be lying to you though if we told you it was all sunshine and rainbows.
We have had a few banks drop the program here and there and we had to ask ourselves why - is it the software? Is it the idea? Not necessarily and no. Ultimately it came down to how the program is communicated. We learned that if everyone has a little training on BankerBounty and the bank’s leadership takes initiative, the results are through the roof. In other words:
- If you use BankerBounty, you will see results -
At the same time our team of developers were adding new features and cleaning up the look and feel of the software, we developed some methods for launching and running the BankerBounty program starting earlier this year.
Not only have we doubled in our number of clients this year, but we have also seen our newer banks hit the ground running with great results. Want more numbers? Seven of our most recent customers (In the past 6 months) are earning on average: $1,232,000 a month!
Total value is just the tip of the iceberg though! We have thousands of registered bank employees who are making a difference every day by connecting their friends and family with the right people at the bank. Not to mention, these folks are also receiving money for their efforts!
If you still don’t believe me, just ask some community bank CEOs:
Scott Cocanaugher, President and CEO of the First Community Bank of Tennessee says:
“In our deal, in the first 30 days, we have over $1 Million in new deposits coming in. We’re about 6 weeks in on our deal right now… we have a 50% success rate on our leads.” He then added: “It’s not painful if you're at a ballgame or you're at church or at dinner, if somebody you’re talking with is talking about how they are unhappy with who they are banking with, just stop, fill it out and send it to who it needs to be sent, simple as that - and I can get paid for that. How easy and exciting can it be? Our employees seem very energetic about it.”
Alan Harget, President and CEO of Planters Bank says:
“Everyone in community banking is looking for ease and uniformity with our employees as far as referrals and deposit gathering.” He then explained how they tried other programs but nothing seemed to work until BankerBounty. “It’s really taken off for us, our deposit side has been really successful.” He added: “Anything we can do to encourage that behavior of being a bank 24 hours a day, has been really beneficial.”
See it for yourself today by checking out our website: bankerbounty.com or contacting me at wrainer@bankerbounty.com.
