Bank Auditing
We will review your account to assess any bank charges from interest and item charges. For peace of mind and at no cost, we can assess your accounts. If overcharging is established, then we deal with negotiations with your bank to reimburse the overcharge along with compensation for the error. All our work is on a NO RESULT NO FEE basis and is based on the amount recovered.
The worse that can happen in completing an audit and finding no overcharge is that you will have the peace of mind, at no cost, that the bank is correctly charging you. What have you got to lose?
Our auditing service examines all the bank charges. It is an extensive review to detect and recover of any excessive bank charges. We review:
- Cheque clearing cycles.
- Use of credit balances in group interest calculations.
- Possibility of duplicate charges.
- Inflated transactions.
- Use of standard bank price list.
- Penalty charges being incorrectly deducted.
- Banks own correcting refunds being wrong.
Business Overdraft
We will work with you and the information that you provide in order to establish any overcharge on your account. On many occasions this overcharge has run into £1,000’s or 10’s of 1,000’s of £’s and we have been successful in the recovery of such monies from the banks direct to our clients.
Many of the banks load incorrect interest rates or apply penal rates when overdraft facilities have not been marked correctly.
Business Loan/Mortgage
Business loans and mortgages often suffer from overcharging due to the level of errors that are made when the original agreement is set up. Not only by loading incorrect interest rates at the outset but also if other loans are being repaid any interest or loan repayment insurance premiums that are due can be calculated and confirmed that they have been refunded correctly if at all.
Invoice Discounting
There are many errors that can occur with regard to invoice discounting, primarily due to the treatment of uncleared effects and the allocation of funds along with additional fees and charges that should not have been charged but are missed due to the way a client’s transactions are dealt with.
Business Customers
We will check your statement on a NO RESULT NO FEE basis for the following:-
- Bank Mistakes
- Bank Auditing
- Business Accounts
- Loan Accounts
- Mortgage Accounts
- Invoice Discounting
- Factoring Facilities
- Bank Errors
- Bank Complaints
- Bank Review
- Loans
- Overdrafts
- Mortgages
- Security
- Personal Guarantees
