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Our Mission

To solve the most common banking problems of our times: outdated overdraft practices that place unnecessary burden on consumers, small businesses and financial institutions.

With 2 billion NSF transactions annually, this issue is more important than ever.

Our Mission

To solve the most common banking problems of our times: outdated overdraft practices that place unnecessary burden on consumers, small businesses and financial institutions.

With 2 billion NSF transactions annually, this issue is more important than ever.

The Challenges

The financial industry might be transforming, but the pace of change is slow in a complex industry full of such entrenched yet outdated practices as overdraft and non-sufficient funds. These practices place an unnecessary burden on consumers, small businesses and financial institutions alike. What’s more, frustration with these practices is almost as high as the legislative appetite for consumer-friendly policies—all while banks and credit unions are facing significant challenges to their business models and revenue sources from non-traditional banking competitors.

Joel Schwartz headshot

“DoubleCheck is now poised to help banks and credit unions rethink and implement a solution to the industry’s outdated banking practices in the face of unprecedented economic, regulatory and legal challenges.”

Our Story

DoubleCheck’s founder and co-CEO Joel Schwartz experienced this first-hand throughout his 20-year career in the banking industry. What stuck with him most was that technology enabled straightforward and practical solutions to these common problems—ones that truly benefited both customers and financial institutions. Yet most weren’t choosing to pursue them for fear of disrupting the status quo.

That’s when he made it his mission to change the industry by empowering customers to make their own choices.

Joel left his career in banking to start DoubleCheck Solutions. DoubleCheck designed a unique solution that notifies customers when they have insufficient funds in their checking account and enables them to view their NSF transactions while there is still time to intervene, offering a range of new options to pay for a transaction before their financial institution declines it.

DoubleCheck is a privately held company that was initially founded in Burbank, California in 2013. In 2019, Joel re-launched the company, began seeking out talent to build the executive team, hired technical resources and secured the funding needed to build the solution and bring it to market.

They’ve since been awarded a patent, confirmed compliance, vetted it with regulators and pilot customers and amassed a healthy pipeline of customers, partners and resellers. DoubleCheck is now poised to help banks and credit unions rethink and implement a solution to the industry’s outdated banking practices in the face of unprecedented economic, regulatory and legal challenges.

When you’re changing an industry, people start talking.

Check out the latest headlines and our recent announcements.