Bank errors really add up for business
Bank errors, delays and charges are costing UK businesses almost £100 million every year as companies are forced to waste time and money chasing lost or delayed international payments, according to new research.
The findings from Travelex, the world’s leading global business payments specialist, reveals that more than a third (36%) of businesses experience problems with their international business transactions - more than half of which are caused by the businesses’ incumbent bank.
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- Benedict says:
- That is why we set up Crossbar fx Ltd - not only do we save you money on the foreign exchange side of things but can also make payments anywhere in the world within 24hours for less fee than the banks charge their customers. Finding lost payments/tracing funds is also free and much quicker. We are seeing more and more businesses use services like ours for the relaibility and cost savings we create.