Days are gone to think that is is never necessary to check my bank statement calculation. Normally all people who get bank statements for their saving accounts, mortgages, personal loans and overdrafts take it for granted to be correct because they are generated by computer systems. Everyday people do not know that these documents have serious mistakes due to logical errors, truncation errors and faulty calculations.

Would you really believe your lender or bank would never make any errors on your statement? Day are long gone to be naive. Financial Institutions at some point get wrong on almost every interest calculation on loans, mortgages and overdrafts. The era of trusting the banks is over.

If you do not believe me, be prepared for a surprised. Do not throw away thousands of hard earned money and please check your past and present bank statements for errors and ommission and save your dollars which otherwise are unnecessarily paid by you to the lender institutions.

Even worst, these errors are daily compounding and grows over time into large sums. This is big personal loss if not taken care by Mortgage Watchdog Software system as described in resource box of this article.

Stop the banks from taking unnecessary advantage of you through their system errors and faulty calculations. These lenders may have already overcharged you several times in a year without even you knowing it!

I was tempted to think that "isn’t a real problem and it’s being blown out of proportion." or "this can’t happen to me" but I was wrong. Read this statement from leading Financial Daily Newspaper

"Recently a major Australian bank found they had overcharged fees on fifty five thousand customer’s accounts and it totalled $52M. That’s an average of $945 per person on average."

Interesting enough these 55,000 people didn’t notice $945 missing from their account.

Like all other people you might be thinking "I will spot one thousand dollar error in my bank account." and those fifty five thousand people may have thought said exactly the same way before the bank reported them of the mistake made on their account. Why was this blunder of overcharged not noticed by all these people. I believe that problem is that bank statements could be difficult to interprete becuase they are not always what as they seem. Some mistakes are very hard to identify if you don’t know what to search for.

In this recession times, author wants you to recover your extra money taken by bank. I believe so strongly that you need to check your bank statements. If you aren’t checking your past and present bank statements for mistakes then you could be throwing away thousands of hard earned money …. totally unnecessarily. Act today and save your hard earned dollars. Banks get almost every interest calculation on mortgages and overdrafts wrong at some point. Visit http://makefriendsandmoney.com/go/mortgagewatchdog.php to download your mortgage watchdog software and identify Errors in Your Bank statements using this innovative Mortgage Calculator.

"The era of trusting the banks has long gone." – Justice Clarke, New South Wales Supreme Court.