Shina Teluwo & Co.
Chartered Accountants & Tax Practitioners
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Review of Excess Bank Charges
The competition in banking industry is surely putting a lot of pressure on the income generating ability of the banks. To stay afloat, various devices are being employed by the banks. One act, not quite known to many and which is the focus of our attention, is that of bank imposing excess fees and debit interest on credit facilities by applying rates not consistent with the monetary regulations. Because of these inconsistencies, so many bank customers have been overcharged to the extent of closing their businesses and/or loosing properties to banks while some customers are under-paid their credit interest.
We specialise in recovery of excess bank charges and account reconciliation (reconciling cash book with bank statements) services using Bank Charges and Reconciliation Software (Banker) developed in accordance with local and international monetary policies.