Highlight circumstances under which the bank act's as an agent to its customers(creditor).

1. The bank will not cease to do business with the customer except on reasonable notice.
2. The bank undertakes to observe secrecy with respect to the customer's account, information acquired from the account, and other information acquired in the character of the customer's banker(subject to certain exceptions)
3.The bank undertakes to receive money and to collect bills for its customer's account
4. The bank borrows the money and proceeds from the customer and undertakes to repay them on demand,
5. At the branch of the bank where the account is kept, during ordinary working hours.
6. The bank promises to repay any part of the amount due against the unambiguous written order of the customer addressed to the branch of the bank where the account is kept.
7. Conversely the bank will not pay away any part of the amount due to the customer without such order or other compulsion recognized by law.

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NatalieR answered the question on February 14, 2022 at 12:39