Bank Fees or Cash Management fees have become increasingly complicated over time and most companies neither understand the services that they are being charged for nor do they understand the basis for the cost of those services. For example, in the 1960’s there were only 55 services being charged for by the banks. Today there are over 2,500 services with complex pricing which differ from bank to bank making it significantly difficult to understand. With competing priorities, companies don’t often have the time to look into these services which at times even the Banks themselves don’t understand as they have been developed over several years.
Billion Financial simplifies this complex system of cash management services and fees enabling you to not only pay the right price for your services but also ensure that you’re paying for the services you actually need.
Our technology engine powers pricing benchmarks built over 20,000 bank fee analysis statements enabling us to accurately benchmark your fees and services from any Bank globally.
Our experts have over 30 years of experience negotiating fees on behalf of some of the largest corporations globally and have conducted over 1,000 bank negotiations making us by far the only experts in this space.
We review cash orders, deposit tickets, bag processing, lock box arrangements, pickup & delivery fees, ACH transfers, wire transfers, back credits, and much more, leaving no opportunities overlooked.
Our negotiators have worked with several Fortune 500 companies over the years saving them over $300 million averaging 27% savings per company.