The Interest Savers

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AS SEEN ON NATIONAL TELEVISION
OVER 60 TIMES

"Programs that make it easy to check your
Bank Statement"

FIRST IN THE WORLD made available to bank customers
Appeared 3 times on front cover of MONEY MAGAZINE

CASES OF OVERCHARGING 8/2/2007

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1. “We discovered $43,586.94 NOT credited to our account. Thank you for making me aware of your programs”.
GA. West Gosford. N.S.W. Australia.

2. “We used the program to discover $100,000 in overcharges”.
G.H. Motor Dealer. N.S.W. Australia. (appeared on television)

3. “The Interest Savers software enabled us to identify $32,670.07 of interest overcharges on our Home Loan”.
CCC. New Zealand. (appeared on television)

4. “The total of all mistakes discovered (for more than 20 of my clients ) amounted to over $500,000”.
J.N. Wahroonga, N.S.W. Australia. (appeared on television)

5. “I wish to advise of the success I had in using The Interest Savers program. The bank underpaid $49,038.38 on my invalid mother's account”. J. R. Brisbane. QLD. Australia.

6. “The Interest Savers picked up a wrongly imposed penalty of $650 on this writer's account”.
B. Biggs.(journalist) Melbourne .Sun Herald Sun.

7. “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 Journalist reporting on the ‘Today Tonight’ television program.

8. “The ANZ Bank has been forced to compensate about 6,000 customers who were overcharged interest because of calculation botch-ups between 1985 and 1996.”
The Weekend Australian - March 2 – 3, 2002.

9. “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.

10. “A couple of years ago I discovered a bank error that resulted in my client being overcharged $26,597 on a commercial mortgage advance. This overcharge arose over a six month period and was due to an error by the bank in question loading incorrect details in their computer system.”
R. N. J. Chartered Accountant. Auckland. New Zealand.

11. “We did use the program to recover about $500 for one client … .”
K. A. A. Chartered Accountant. N.S.W.

12. “So far I have found mistakes on every month I have checked and the mistakes vary from a few cents to 40 or 50 dollars… The total amount overcharged to date is around $600 but that does not take into account the compounding effect … so the final result will be much higher.”
M. L. CEO. ……..City Chamber of Commerce & Industry LTD.

13. “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 off’ ... In all cases the bank refunded the money ... which totaled more than $1,300. ...
Mr. Park (NAB) said the problem arose because the wrong code was put into the computer.”
Sydney Sun Herald. January, 1999.

14. “ NAB’s Irish subsidiary will reimburse $302,000 .. following the findings of two investigations into overcharging on accounts. “ Australian Financial Review. 6 / 8 / 1998.

15. “ Secret notes reveal bank overcharging “ Sunday London Times. February 22nd, 1998.

16. “ 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. May, 1998

Author Name
Kevin Nowland -

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