BusinessBanking_Account_Dispute

Business Banking Account Dispute or Bank Account Problem?

UK Business Banking solutions from IBAS for businesses with banking disputes and/or Corporate banking problems. IBAS provides unique advantages and UK business bank or banking account help with any UK business banking dispute, business problem with a bank or banking complaint resolution. IBAS obtain bank overcharging refunds for errors and mistake/s, investigate banking issues or complaints relating to a UK Corporate banking problem, Business Bank accounts, bank guarantees, bank loans and bank mortgages. Numerous business banking dispute investigations across all industries spanning over 14 years provides a strong position for negotiations. The Banks & Small Businesses BBC TV News Interview with our chief executive provided our view on these matters.

Negotiating a settlement with your bank - We have a unique niche position for negotiating very specialist and specific issues with a bank with complete confidentiality and without any conflicts of interest. Investigation of Guarantees, legal charges and/or other security is carried out prior to our negotiations with a bank or lender and we do not accept any debt claimed by a lender on 'face value'. We challenge banks hard on their performance but we also have a professional relationship with them. We are adversarial when it is required but we are always professional in what we do.

Considerable debt relief and refunds of bank overcharging and bank error has been obtained for members from IBAS investigations of UK Business Banking Disputes in the last 14 years, which has provided members in excess of £21 million in refunds, write-offs and write-down of bank debt.

Banking disputes normally start from errors or mistake. Often, these errors and mistakes are concealed. Some disputes occur when lenders decide to profiteer from 'captive' clients. Ex-bankers acknowledge the element of mistake but rarely agree to the profiteering scenario.

Unfortunately, our 14 years of investigation into business banking cases has shown incidence of error in charging fees and bank interest in the bank's favour to be higher in the UK than could be purely accidental. The Cruickshank Banking Review and Report proved that three quarters of businesses were at risk from overcharging or had been overcharged by their bankers. IBAS were able to assist in bringing these matters out 'into the open' by assisting the Cruickshank Review of UK Banking.

From the many records seen by IBAS it is evident that overcharging of business bank accounts has occurred since at least 1985. Lenders excess interest from inflated debit balances compounds into a considerable sum over time and huge bank profits have been obtained from business banking overcharging over a period of 22 years.

Banking mistakes and error also affect factoring, loans, mortgage agreements and deposit accounts. Business banking overdrafts and business banking loans remain the most publicized for errors and interest overcharging. But, any agreement which allows the lender to operate a form of flexible charging of credit or debit interest will produce considerable financial benefit for the lender if errors and mistakes are not corrected.

The majority of errors and mistakes identified by IBAS in business banking account investigations have been biased in favour of the lender. Bank interest checking and bank help in this specialized area are part of a broad range of services available from IBAS, which operates on a non-profit membership basis. Any proven overcharge is returned direct to our member. .

IBAS introduced an 'in house' bank auditing service in the mid 1990's and has obtained considerable bank overcharge refunds whilst also negotiating debt and security issues for our members. We offer unique specialist knowledge and experience gained from 14 years of investigating corporate banking disputes and business banking accounts and disputes.

Many businesses approach IBAS after they have complained to the Ombudsman and already failed with that complaint. The bank will 'hide behind' any Ombudsman decision in their favour and be pleased to do so. We can do nothing once that stage is reached. If there is a valid complaint IBAS need to prepare a complaint at it's earliest stage. We certainly know from experience that little alters a Financial Service Ombudsman's final decision.

Complaints fail when those making the complaint do not understand the limitations that exist in the Ombudsman 'system'. Presentation, facts, evidence and knowledge are all equally important in establishing what could be a valid complaint.

IBAS offers practical help and assistance in business banking issues and we consider all documents and facilities in our case investigations. We identify the correct focus for a complaint which we would prefer to resolve directly with the bank before it reaches 'stalemate' and also before the bank directs it to the Ombudsman - by that time the bank's position will have become inevitably stronger - email IBAS for Business assistance

IBAS Site Map lists all IBAS website information including news/news archive information and IBAS articles on banking and business issues.

Independent Banking Advisory Service (IBAS) is a national, independent, non-profit, unique specialist banking customer membership organization, which has campaigned on UK Banking customer issues for more than 14 years, providing bank and banking assessment, analysis, bank comment and content for BBC TV News, ITV, Radio and national newspapers - keeping many serious banking issues 'alive'.