"The program is certainly
very easy to operate.
Although I have marketed this service to
only a small number of my clients the
program has already paid for itself many
times over.
I would highly recommend The Interest
Savers program to all accounting firms
that are seeking to increase revenue by
offering an additional service to their
clients."
GL, Chartered Accountant, NSW, March,
2000 |
|
"I have used The Interest
Savers programs to analyse the bank
accounts for more than 20 of my clients.
I have discovered 'overcharges' in
approximately 75% of cases.
The total of all mistakes, including overcharges
of interest, fees and other
irregularities amounts to over $500,000"
JN, Financial Service Co, NSW, December,
2000 |
|
"We found the programs very
easy to operate. We discovered interest
not credited to our accounts. The bank
subsequently corrected their mistake and
credited us $43,586. Ii would recommend
the programs to anyone who has a business
bank account."
GA, Construction Co, NSW, November, 2000 |
|
"We are pleased to advise
that the Interest Savers software enabled
us to locate and identify $32,670.07
of interest overcharges and compounded
interest costs in one
of our bank loans.
These errors occurred over a 20 month
period; with the worst overcharging being
$24,977 in 12 months.
What concerned us greatly was that the
bank did not notice these overcharges.
We found Interest Savers easy to use,
efficient and reliable. It allows us to
make sure overcharges are found quickly
and provides proof for refunding with
compounded interest."
Commercial Cleaning Company, New Zealand,
September, 2000
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"... The program is
certainly very easy to operate. Although
I have marketed this service to only a
small number of my clients the
program has already paid for itself many
times over. I would
highly recommend The Interest Savers
program to all accounting firms that are
seeking to increase revenue by offering
an additional service to their
clients."
G. Lawrence Chartered Accountant
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"We used the
program to discover $28,000
in overcharges. With
additional interest paid, the total overpayments
amounted to $100,000"
G.H. Motor Dealer, N.S.W.
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"Don't think it
can't happen to you. It can happen to
anyone. It happened to me. I decided to
check on my Home Loan and found that I
had been overcharged by
$5,000 over the past 2 years.
The bank then credited my account with
the $5,000."
David Koch. Today Tonight.
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|
"I have used The Interest
Savers programs to analyse the bank
accounts for more than 20 of my clients.
I have discovered 'overcharges'
in approximately 75% of cases.
The total of all mistakes, including
overcharges of interest, fees and other
irregularities amounts to over $500,000."
J. N. Wahroonga, N.S.W.
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"Enijar alleges in its
statement of claim that the overcharging
by the State Bank amounts to somewhere
between $600,000 and
$1,000,000."
Sydney Morning Herald. (Confidential
Settlement.)
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"Secret notes reveal bank
overcharging"
Sunday London Times.
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"Charged $26,500
too much ... Few bank
customers bother to check their loan
interest rates ... but Petersham
accountant ' ...' did - and looks like
getting back $26 ,500 for his trouble ...
I am going to check every charge now and
demand an explanation."
Sun Herald Sun (Sydney).
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" The Interest Savers picked
up a wrongly imposed penalty of $650
on this writer's account."
B. Biggs. Sun Herald Sun.
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|
"It pays to monitor bank's
calculations."
The Sydney Morning Herald.
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|
" .. counsel for Colonial
State, said the bank's experts had looked
at the disputed interest calculations,
admitted there were errors ... and were
now looking at quantifying that
overcharging.
Sydney Morning Herald.
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|
"NAB's Irish subsidiary will
reimburse $302,000
.. following the findings of two
investigations into overcharging on
accounts."
Australian Financial Review..
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|
"CHECKING UP ON THE BANKS
... it is normally a tedious exercise to
check the calculations on the daily
balances . But now it can be done in a
matter of minutes, and it may prove to be
fruitful as many companies are
discovering."
CHARTER Journal of The Institute of
Chartered Accountants in Australia.
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" It is estimated that 68%
of Commercial.. 47% of Residential and
74% of Equity loans contain errors."
U.S. Market. webmaster@raybestoracing.com
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|
" One of the largest
mortgage services was ordered to repay $150
million in refunds for .. overcharges"
U.S.A.
http://www.galaxymall.com/shopsmortgage.htr
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"When was the last time you
checked the interest payments on your
bank statement ? Chances are you're being
ripped off. Fortunately, a computer
program called "Interest
Savers" now makes checking easy."
My Business Success.
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|
"The era of trusting banks
has long gone."
Justice Clarke . New South Wales Supreme
Court. Appeals Court ...as reported in
The Sydney Morning Herald.
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|
"...The Bank ( Colonial
State Bank ) has admitted that a large
part of hundreds of interest charge
calculations and other fees could be
wrong."
The Sydney Morning Herald..
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"How often do you scrutinise
your mortgage account? ... Probably not
as often as you should."
The Australian Financial Review.
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|
" Loan statements checked in
a flash. ... Term loan and overdraft
interest calculations and balances owing
are difficult to monitor. .. Ex-banker
Kevin Nowland ... decided to do something
about it ...... The programs ... ... do
amazing calculations to answer your
questions immediately."
Perth Sunday Times.. |
|
" ... In one account checked
recently the error totalled
$300,000"
Sunday Telegraph. . |
|
" Does the interest on your
loan add up ? ...Anne Lampe reports on
why it pays to check that you are being
charged the correct rate of interest on
your loan."
The Sydney Morning Herald.
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|
" The Bank of New Zealand, a
subsidiary of The National Australia
Bank, has sent letters to 1700 customers
apologising for overcharging of fees on
their deposit accounts."
Australian Financial Review
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|
"Man who took on the NAB ...
The National Bank has apologised to a
leading economist who claimed extra fees
on his loans were a "systemic
rip" ... In all cases the bank
refunded the money ... which totalled
more than $1300. ... Mr Park (NAB) said
the problem arose because the wrong code
was put into the computer."
Sydney Sun Herald. . |
|
"The Home Loan Checker
program allows borrowers to check that
the interest charged ... is being
calculated correctly. The program is easy
to use"
Alex Holoyda, Your Mortgage Magazine.
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|
|
"AT A COST OF $495, THE
INTEREST SAVERS PROGRAM SEEMS EXTREMELY
INEXPENSIVE ... THOSE THAT HAVE DECIDED
TO CHECK ARE NOW FINDING THAT THERE CAN
BE WINDFALLS WAITING FOR THEM."
Charter Business Software Guide.
Published by The Institute of Chartered
Accountants in Australia. |
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