IS YOUR BANK CHARGING YOU MORE THAN £5K A YEAR?
Having a bank account is a necessary evil for all businesses. Gone are the days when everyone dealt in cash. Today, customers pay by card, bank transfer or direct debit – even cheques are uncommon and soon to become a thing of the past.
In this ‘cashless’ system, banks have certainly seized their opportunities to earn bonuses by charging businesses like yours overinflated service charges, credit card fees, transfer fees, overdraft/loan interest and facility fees (to name but a few).
This is an extremely expensive exercise and a mine field of fees and interest. Often, a favourable interest rate on a loan is coupled with a high arrangement fee leaving businesses uncertain as to what and where the cheapest deal is.
At Meades, we provide an independent bank review service which will examine all your accounts, loans and factoring agreements and ensure that your business is paying the minimum possible for its finance and banking requirements.
