why bank is called the agent of its customer
Answers
Answered by
41
The banker act as the agent of his customer in performing the following functions: ... When the bankers take the liability to administrate of this type of property he will be called trustee.
Answered by
27
Banks help the customers with a number of their personal work
EXPLANATION:
Bank taking care of their premium for insurance, payment of rents and salaries, collecting of pension, paying their personal bills, transfer of money from one account to another.
Banks act as agents of the customers since they perform all the tasks and activities on behalf of the customers. The bank and the customer are bonded by a level of trust where the customer depends on the bank for all their financial transactions.
Similar questions