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CheckMy Bank 2008.xls provides a quick way to check and verify compound interest calculations within overdraft bank accounts for 12 consecutive monthly periods and recalculate interest when bank charges and/or interest rates are disputed.
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Each of 12 monthly statement Excel spreadsheets links to its own WorkSheet which sums daily credits and debits and calculates daily and monthly interest charges which are carried forward so that the entire 12 months period is linked to monthly compounding interest calculations.
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With CheckMy Bank its really easy to recalculate account balances and overdraft interest when unwarranted bank charges or fee issues arise in forms that are presentable to your bank.
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You can easily use this software as an extra consulting tool to assist clients in dispute with their banks or keep track of your own bank accounts interest calculations.
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This 26 spreadsheet linked Excel workbook provides for any series of bank holidays during 2008, you vary credit limit settings, clearing days and interest rates.
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400 rows provided for daily credits and debits per calendar month x 12 months x 12 monthly interest worksheets. Positive and Negative interest credits/debits. Sums all bank charges and interest. Null deposit clearing at weekends and bank holidays.
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Download or CD edition.
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