‘Fun‘ is usually not the first word that comes to mind when you think about controlling bank fees. ‘Frustrating‘ and ‘time-consuming‘ usually head the list. That is hardly a surprise given the current situation in many companies.
Bank fee statements are usually paper-based and there is no information about agreed fees to facilitate comparison. Very often this task ends up with a new colleague or an intern who fight their way through stacks of paper and endless spreadsheets. Inevitably, given this approach, a professional monthly check of all fees is simply not feasible.
Hubert Rappold Partner
Schwabe, Ley & Greiner