Banking Advice Guide

 

The BANKING ADVICE GUIDE for Small Businesses

BASED ON 15 YEARS EXPERIENCE HELPING UK BUSINESSES

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UK Domestic Transaction Charges
£50.00 (£57.50 incl VAT)

 

 

 

 

 

Bank Manager says and means.

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This module deals with every day charges for transactions within the UK.  It goes through all the different charging methods, explores “free” banking, details all the main banks standard tariffs and sets out the tariffs that businesses should be looking to achieve and why.  It also helps you work out if you have been overcharged in the past and what to do about it.

Content Headings of Module

  • Feedback from you about our advice
  • Frequently asked questions
  • Introduction to and Purpose of this module
  • A little bit of history (to help you understand and negotiate)
  • Free Banking
    - For new accounts
    - For existing accounts
  • Standard menu tariffs
  • Charges based on Fixed, single “per item” rate, or account Turnover related charges
    - Fixed charge
    - Per item” based charge
    - Turnover based charge
    - Recovering past over charges from Turnover, Per item and Fixed charges
    - Recovering Compound Interest on overcharges
  • A little bit of accounting (to help you understand and negotiate)
  • Where are the banks heading with transaction processing?
    - Manual to automated/electronic transactions
    - Manual to electronic banking
    - Central processing – cash and cheques
    - Euro zone effect
  • Universal rates on all accounts (including currency accounts)
  • RPI indexation
  • My bank will not give me a BACS facility
  • Volume effects on negotiation
    - Banks respond to total charges paid
    - Targeted negotiation of volume items
  • Target rates and who can expect to achieve them
  • Draft Bank Letter Suggestions
  • Summary

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