Reconciliation and Recovery of Excess Bank Charges involve identifying, analyzing, and reclaiming fees and charges that have been incorrectly applied to your bank accounts. This service ensures that businesses and individuals do not overpay and that any discrepancies in bank transactions are promptly addressed.
Key Services Offered
Bank Account Reconciliation
Transaction Review: We meticulously review your bank statements and compare them with your internal financial records to identify any discrepancies.
Error Detection: Identifying errors such as duplicate charges, unauthorized transactions, and incorrect fees.
Resolution: Working with banks to rectify any identified errors and ensure accurate records.
Excess Charge Identification
Fee Analysis: Examining all bank charges to determine if they align with the agreed terms and conditions.
Overcharge Detection: Spotting instances where banks may have overcharged for services, interest, or other fees.
Recovery of Excess Charges
Claim Preparation: Compiling the necessary documentation and evidence to support the claim for excess charges.
Bank Negotiation: Engaging with banks on your behalf to negotiate refunds or credits for the excess charges.
Follow-Up: Ensuring that the bank processes the refunds and that the recovered amounts are correctly credited to your account.
Ongoing Monitoring
Regular Audits: Conducting periodic reviews of your bank accounts to prevent future discrepancies.
Automated Alerts: Setting up systems to alert you of any unusual activity or charges in real-time.
