(a) Duties of the banker
(i) Reasonable care: must take reasonable care in his dealings with the customer. The
standard of care is that of a reasonably competent banker.
(ii) Professional advise: a banker is bound to provide professional advise to the
customer if called upon to do so.
(iii) Honour cheques: must pay all cheques drawn by the customer provided all
other conditions are met.
(iv) Confidentiality: must not disclose his dealings with the customer to third
parties.However, there are certain exceptions to this duty.
(v) Duty not to pay without authority: a banker must not pay out monies out of
the customer's account without his express or implied authority.
(b) Duties of the customer:
(i) Duty of care: a customer is bound to exercise care when drawing cheques to
avoid alteration.
(ii) Notice of irregularities: must notify the banker of any irregularities affecting his account.
Any delay may be amount to estoppel.
maurice.mutuku answered the question on May 2, 2018 at 08:31
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