South Wales based specialist finance broker The Funding Operation (TFO) has launched a new service for brokers to help clients recoup money from their banks.

TFO says that brokers could once again earn substantial commissions by helping business customers throughout Britain by reclaiming money owed through wrongly calculated debit interest and other bank charges.

Unlike personal account bank charge disputes, business disputes are not currently suspended pending a High Court ruling.

Rhiannon Gray-Minton, TFO’s managing director, said: “Until recently it has been extremely difficult to assess losses accruing each year but we now have access to new software that can calculate over-payments of interest and other charges going back almost 30 years.””