While this may sound so elementary and basic, you would be surprise how many business clients and or ISOs submit incomplete bank statements and or bank statements that are not needed.
How to avoid these mistakes:
1. Avoid taking bank statements sent via fax. Nine times out of ten the bank statements will be faxed in, incomplete or out of order. Avoid receiving bank statements via fax from merchants.
2. Most major banks allow customers to download their bank statements PDF. Teach your clients and inform that they can go online and download PDF bank statements.
Doing these two simple steps will assure that you get faster credit decisions.