O’Driscoll Cost Management
O’Driscoll Cost Management is your totally independent financial partner, with a checking service that will quickly tell you if there are any problems with your bank account and set about fixing them. We work with clients nationwide. We have over a decade of experience in helping clients to resolve issues with their bank and recover any monies owed to them. This is a very specialised service; we are currently one of only four companies in Ireland providing this service.
We will recover any monies owed to you (with interest of course).
Interest Overcharges
Inaccurate Fees
Penalty Rates
Investigation Void Bank Contracts
Hidden Charges
Incorrect Account Setup
Incorrect Interest Margins
Credit Accounts Ignored
Accounts Not Set Off
Unfair Contracts
Inappropriate Security
Unjust Guarantees
Because of our combined expertise, we can cover every aspect of a case. We can, if you wish, act on your behalf totally, accompany you at meetings with your bank or simply supply you with the information to enable you to negotiate on your own. The choice is entirely yours.
We can:
Check The Accuracy of Interest and Banking Fees
Obtain Refunds of Monies Overcharged
Access Your Present Banking Set-Up and Make Suggested Changes
Obtain Legal Opinion and Representation
What Am I Paying For And What Will I Get?
Your first interview with us is completely free of charge. What we offer is a complete review of all your banking costs including interest, transaction fees, commissions, excess fees, penalty interest and arrangement/renewal fees.
When the recalculation and reconstruction is complete, you will receive a bound report showing the day-to-day movement of your bank accounts, the charges (including interest) levied by the bank, the charges as recalculated and the compounding effect on the interest, all of which is taken into account to produce the final overcharge figure.
Will This Harm My Relationship With The Bank?
When our reports are complete, it is again the client’s decision on how best to handle the situation.
There are four choices:
We are happy to follow whatever path our client decides on. We always deal with the banks in a professional manner and in line with your wishes.
Always remember, we will not get involved with any bank unless we have the authority of the client to do so.
What Documentation Do I Have To Provide?
When you agree for work to be carried out for you, we need as much information about the operation of your bank accounts as possible.
This information will include:
How Long Does All This Take?
We usually have a waiting list and try to avoid it getting any longer than three months. The actual process time – once we have all the information – is usually between two and four weeks.
Negotiations to claim refunds or renegotiate facilities vary in time, depending on the amount of the claim, reason for it, and the attitude of the bank. This can range from a month to a couple of months.
Can I Jump The Queue?
In exceptional circumstances, usually where pending legal action is involved, we will take action on the case.
We consider each request and will advise you accordingly, depending on the problems involved.
I’m Going To Have To Pay Your Processing Fees – Will It Be Worthwhile?
Our processing fees are very modest on a per year basis, when you consider that we have to set up a computer program for each client.
In addition to this, we have to input each days balance and every banking transaction in that year, as well as compare costs levied as against agreements with the bank and produce a report, with its findings advised to yourself.
All figures have to be checked by a second analyst before releasing any reports, so that no manual errors have occurred in keying your data to our computers.
Due to the massive effects that the compounding of interest can have (interest upon interest), a modest error say 10 years ago will now be worth a substantial amount of money. For example, an error of €250 in 2005 could now be worth over €23,000 today.