I am a sole trader and had a bank overdraft of €50,000. However, I have checked the bank statements and seem to be getting charged penalty interest, even though the account is only overdrawn by €40,000. How can I check if I am unnecessarily being charged penalty interest and what are the common areas where sole traders with overdrafts are overcharged? QUESTION:
Contact your bank immediately and ask for a printout of the interest which...
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