Bankbrokers

Bankbrokers is a Hampshire-based international banking consultancy firm, which ensures that companies are getting the best possible deal from their banks and merchant services’ providers.

With a strong focus on the hospitality sector and card fees particularly, the team uses benchmarking data, gathered from 3,000 previous projects, to compare your charges with the entire marketplace. This benchmarking allows Bankbrokers to renegotiate better terms.

There’s no need to change providers as 90% of clients stay with their current providers, paying less money. Bankbrokers do all the work. You save all the money. They operate on a “no saving, no fee” basis. 

Neil Fillbrook FCII, Bankbrokers President North America and CEO UK & Ireland commented:

“I am thrilled that our partnership with Hampshire Fare has continued to grow and that we have now become a corporate friend.  Whilst being a global firm, we love working with companies in the Hampshire region, where our UK Head Office is based (in Bishop’s Waltham).  We have a particular affinity with the hospitality and catering sector given the hard impact of Covid, and love nothing more than reducing bank charges and merchant service fees for local companies in this sector.  Since joining Hampshire Fare in summer last year, our first 2 payment projects yielded annual recurring savings of 17% and 25% for companies in Hampshire. Both stayed with their current providers, just paying less fees.  We would love to deliver the same result for all Hampshire Fare members who take lots of card payments, are concerned about their bank charges or who need help with debt financing.''    

A project for the Institute of Hospitality national trade body in the UK has also just been completed. Here is what the CEO Robert Richardson FIH had to say:   

“As the General Manager of a large hotel in Kent, I gave Bankbrokers a mandate to benchmark and renegotiate our merchant services arrangements. They did a fantastic job and reduced our annual costs of taking client payments by almost 30%. When I became CEO of the Institute of Hospitality, I gave them the same brief: save the organisation money without the overhead of changing providers. I was absolutely delighted to see them deliver the same result again – this time reducing the Institute’s costs by a whopping 50%. Bankbrokers UK & Ireland did all the work. They kept my Finance team and me fully informed. I didn’t have to do anything apart from give them the brief and the authority to benchmark and renegotiate on our behalf.”