Merging your bank statements can be a frustrating but enlightening process but SIMPLEFS can help. You will most probably discover many fees charged to your account by the bank and start cursing the bank for robbing you blind. If you are unsatisfied with the fees charged to your account take action by learning how to get bank charges back.
Many people are aware of overdraft fees, but sadly even if your check never bounced you can still be charged fees for other things such as:
- Dropping below account minimums
- Having too many transactions
- Not having enough transactions
Those are some of the few things that can attract bank charges. The good news is that you can claim back bank charges. If you have a good banking history or if the fees are not as a result of your mistakes, you can convince the bank to reverse the charges.
Claiming Back Bank Charges
To reclaim bank charges pay the bank a visit. Carry the statement that shows the charges in question and any other supporting documents which show that you are not responsible for the charges. If you have a long-term personal relationship with the bank manager or bank personnel you stand a higher chance of getting the fees reversed.
Tell the bank representative that you are inquiring about certain fees on your account. Submit your statement and explain yourself. Maybe the bank had never properly informed you of some bank policy changes or there was an error with a deposit you made that attracted the fees. Make it known to the bank personnel that it is not your mistake that led to the charges.
If you have any supporting documents give them to the bank representative. Supporting documents include ATM receipts, deposit slips and withdrawal slips. The deposit slip might show a different value to that on the statement. This might mean that an error was made when the bank reconciled teller transaction sheets.
Request a reversal of fees together with the interest they could have accrued between the time they were charged and when you are making the claim. If the fees are a result of recent changes the representative may reverse the fees. Though this can only be done once since from that moment onward you will be aware of the changes. That’s how to claim bank charges back. Sometimes you might not be successful, but if the fees are hefty, it wouldn’t hurt to try.