How to Read New TurboPass Bravo Reports

1. TurboPass Proprietary Code

2. Consumer / Applicant Name

3. Report Date Start / Finish

4. *Data provided by the financial institution

- Name

- Address

- Email

- Phone #

5.  TurboPass Proprietary Code

6. Input Fields Provided by Consumer

- First / Last Name

- Email

- Phone # (generally cell number)

7. *Output data provided by the Financial Institution

- First / Last Name

- Email

- Phone # (generally cell number)

- Report Period (in days)

- Requested By (Dealer / Lender)

- Requested Date/Time Stamp

8. List of any / all accounts reporting on Banking (Bravo) Report

9. A link which directs customers on how to read the improved Bravo Banking Report 

1. Account Details: Provided by the financial institution.
Includes:
- Customer Name
- Account Number (last 4)
- Account Type (checking / savings)
- Account Owners: Joint ownership will
be included in this section

2. Quick View: Provides a high-level overview of the consumer’s financial position in that specific account. Two (2) data points are
included:                                                                                                                                  - Total deposits (all deposit types) in the
last 90 days
- Average monthly deposits (all deposit
types) in the last 90 days

3. Baseline: Calculated as days 31-120 divided by 3. 

4. Primary Deposits: ⭐These deposits are considered by most lenders as the customers primary income⭐ They are broken into 3 categories:
1) General Deposits – All deposits, expect ATM / P2P / Internal Transfer / Refunds / Credits / Loan Advances
2) ATM Deposits – Cash / check deposits made at an ATM                                          3) P2P Credits – Credits issued via Zelle, Venmo, etc.

5. Other Deposits: These deposits are NOT considered by most lenders as income. They are broken into 3 categories:
1) Internal Transfers – Credits resulting from movement of funds across multiple accounts owned by the customer
2) Refunds / Credits – Credits issued which can be classified as one-time payments such as Tax Refunds or any gov’t issued refunds
3) Loan Advances – Credits received resulting from loan payments from financial institutions

6. Insights                                                                                                                                  1) Days Negative – # of days the account was in a negative position during a specific period.                                                                                                                     2) Overdraft / NSF Fees – # of times a fee was issued due to Overdraft and/or NSF during a specific period.                                                                                             3) Withdrawals – total debits during a specific period                                                 4) Net - Total Deposits minus Withdrawals                                                                    5) Average Balance – Average balance maintained in the account during a specific period. Calculated by averaging the Total Deposits minus the average of Withdrawals.