Banker-Customer Contract

PPB Banker-Customer Relationship Free JAIIB Capsule 33 views Updated 16 Sep 2026

Capsule FREE

PPB · Banker-Customer Relationship

What is the core underlying legal nature of the relationship between a banker and a customer?

Tap to flip and reveal the answer

It is fundamentally a contractual relationship.

Because it is contractual, any person competent to contract (major, sound mind, not disqualified by law) can open a deposit account.

33 views WhatsApp

Banker-Customer Contract — Full Text

What is the core underlying legal nature of the relationship between a banker and a customer?

Answer

It is fundamentally a contractual relationship.

Additional notes

Because it is contractual, any person competent to contract (major, sound mind, not disqualified by law) can open a deposit account.

Part of Principles & Practices of Banking · Banker-Customer Relationship · Last updated 16 Sep 2026

Comments (0)

Login to post a comment.

No comments yet. Start the discussion!

Related JAIIB PPB Capsules

When a customer opens a savings or current deposit account with a bank, what is the primary legal relationship established?

The Bank is the Debtor, and the Customer is the Creditor.

What is the banker-customer relationship when the bank grants a loan or advance to the customer?

The Bank is the Creditor, and the Customer is the Debtor.

What is the legal relationship between the bank and customer when valuables are deposited for safe custody?

The Bank is the Bailee, and the Customer is the Bailor.

In the Account Aggregator framework, who ultimately holds the power to initiate the transfer of financial information?

The customer. The transfer of information happens ONLY based on an explicit, digital, and revocable consent provided by the customer.

When a bank provides a safe deposit locker to a customer, what specific relationship is formed?

The Bank is the Lessor, and the Customer is the Lessee.

In a pledge transaction where goods are kept as security, what is the relationship between the bank and the borrower?

Bank is the Pawnee (Pledgee), Customer is the Pawner (Pledger).