Spreadsheet Template. Thursday , April 12th , 2018 - 10:31:42 AM
The banks also rig the courtesy overdraft system to generate maximum fees per overdraft. The system as devised by the banks can even hit an account with overdraft fees when specific charges dont result in an overdraft. In fact, an account can have enough money in to cover charges all day long but if the last charge of the day overdraws the account, the bank can charge courtesy overdrafts on every charge made that day. In that scenario, the bank could extend $10 to cover the last overdraft and then charge the customer $35 for every other charge made that day. If there were ten charges prior to overdraft, the customer would be out $350.
There are many additional benefits to bespoke software. Your business practices and office processes are embedded in the system. The software will guide your employees down pre-determined process pathways. Think how much less training would be required, and how many fewer mistakes would be made. As you staff would become more self-sufficient, this would allow you the manager of owner to take a step back from day-to-day business. Safe in the knowledge that you can access all the comprehensive real-time reports you need at any time so that you can keep an eye on things. If you want to change the processes or procedures in the future, all you need do is amend your software and it will take your employees down a different path. Think how much time and money that could save you.
What can consumers do? While banks are drawing a line on returning courtesy overdraft fees, a phone call can to the branch or customer service can still result in a positive outcome. Additionally, sign up for online banking or find out how you can track your account via phone. If youre low in the account be sure to check your balance before charging something else to your account. If youve put a number of charges through during the day be absolutely sure to do it. Go over on your account by a dollar and that $3 frozen yogurt could end up costing you $300 in courtesy extended by your bank.
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