answersLogoWhite

0

The BOS, British Orthodontic Society, provides several online services. The first being an information portal to all where all kinds of research papers are published. The BOS also has a webshop where one can order leaflets and books regarding the subject.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

How do you claim unfair banking charges in UK?

Detailed article posted onhttp://claimbankingcharges.blogspot.com/ · Citizens of UK are paying nearly half a billion pounds in bank fees.The rises have contributed to huge profits for the banks at a time when personal debt has hit more than £1 trillion.Research suggests 7.8m customers have missed key payments or breached agreed overdraft limits in the past year. · As a result, they have been hit by average penalty charges or fees of £70.00, while 1.7 million have been stung with paying more than £100.Consequently, the increases are feeding record profits at the big five banks - HSBC, Barclays, Lloyds-TSB, RBS-NatWest and Halifax-BoS - which are expected to total more than £30bn for 2005. · Charges below £12 may also be unlawful - the distinction is that the OFT will only take enforcement action for charges above that figure.The true cost of employing a bank clerk to bounce a cheque may be less than £2 each time a customer goes overdrawn.


What is the banking payment process?

Outward Request - OB get all the files received from BOs and transmits the file (electronically) to the SACH for clearing Inward Request - SACH sorts and transmits the relevant accounts to the RB for the debit of the customer's account Outward Return - RB will returns the rejected instruction to the OB through the SACH (the next day) Inward Return - SACH will return the rejected instruction to the OB The clearing and settlement process for IBG is as follows: 1. The first party sends the payment instructions to the originating bank. 2. The originating bank checks the credit limit of the first party (if it is a direct credit instruction) and sends the payment instructions to the ACH for clearing. 3. After determining the net settlement amount for each participating bank, the ACH sends the net clearing figures to MAS Electronic Payment System (MEPS) for broadcast and settlement. 4. The ACH forwards the payment instructions to receiving banks for the credit/debit of the second party's account. 5. If the payment instruction is rejected, receiving banks will return the rejected instruction to the originating bank through the ACH the next day. The ACH will adjust the settlement amount for both banks before forwarding the rejected instruction to the originating bank. 6. If the collection (payment) is successful, a credit (debit) statement is generated for the first party and a debit (credit) statement for the second party.