"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.L. Chartered Accountant.
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"I have used The Interest Savers programs to analyze 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
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"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. I would recommend the programs to anyone who has a business bank account."
GA, Construction Co, NSW
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"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
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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."
Financial Reporter. Today Tonight.
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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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“ .. the more I looked at, the more I found… they started at $10 and $5 and then I found a couple of $60 amounts and then I found a couple of $300 amounts and then all in all they probably added up altogether to about $3,000 or $4,000.
On top of that I found that I had been charged fees on a number of accounts that should never have been charged, so all up I was about $10,600 out of pocket. … I found that … they had also been double charging me on lease payments.” Mrs F. A. ( Accountant - appeared on T V)
"Our bank had overcharged us in excess of $1,400 over three years, after checking the errors they refunded the amount. We found the programs easy to use and were ecstatic to discover that our bank had consistently made errors which your program picked up ." B. J. S. Auckland. New Zealand.
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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 reporting on the Interest Savers programs.
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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 .
Reference to The Interest Savers programs
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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 reporting on the Interest Savers programs.
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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.
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" ... In one account checked recently the error totalled $300,000"
Sunday Telegraph. .
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" 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 reporting on the Interest Savers programs.
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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 apologized 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. .
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"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 .
Now you can use these programs FREE !
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