Question

What circumstances can banker close the account of his customer?

Answer 1

hloo frnd and your answer is as follows.....

A bank can end its relationship with a customer at any time, just as a customer can move to anotherbank at any time. ... Banks areunder no obligation to continue doing business with a person or company, but they should not closean account without good reason.
There are two basic reasons for a bank to close account: it doesnt expect to make money on it, or its afraid of being liable for some fraud or money laundering you might be doing.

hope it helps u....☺☺

Answer 2

when costomer not repay the lone which he had taken from the bank or not giving the regular installments then the banker has to close the account


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