A bank arbitrator is an institution that solves problems between customers and banks. It is a free assistance that is provided by the Bank Guarantee Fund. The bank arbiter handles individual cases and collective cases. On average, it handles about two thousand cases per year.
Who is a bank arbitrator?
A bank arbitrator is an institution that deals with the resolution of disputes between banks and their customers. It is free of charge to both parties and aims to bring about an amicable solution to the problem. The bank arbiter is appointed by the President of the Office of Competition and Consumer Protection.
Bank arbitrator – what is its role?
A bank arbiter is an institution that aims to resolve problems between banks and their customers. A bank arbitrator is independent of banks and acts in the interests of customers. Customers can report to a bank arbitrator on issues such as: delays in transactions, payment problems, contract and agreement issues. The bank arbitrator has the right to interfere in disputes between parties and can impose financial penalties on banks. In cases where there are serious problems, the bank arbitrator can take the matter to court.
What are the advantages of using a bank arbitrator?
There are many advantages to using a bank arbitrator. First, it is a free service for the client. Second, it is a quick and easy way to solve the problem. Third, the customer is assured that the arbitrator will be objective and fair.
