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Consumer Banking (Topic 3 (Types of Banker/Customer relationship :warning:…
Consumer Banking
Topic 3
Banking Secrecy
Safeguarding your info
Exceptions to banking secrecy
Banker status opinion
Types of Banker/Customer relationship
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Debtor/Creditor
Principal/Agent
Bailor/Bailee
Mortgagor/Mortgagee
Trustee/Beneficiary
Duties of paying bank
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Other Aspects
Has the customer counter-demanded payment (stopped payment)?
Has notice of drawer's death been received?
Has the bank receives notice of any other operation of law, which would prevent payment?
Has a bank notice breach of trust?
Are there sufficient funds or unused overdraft facilities to meet the cheque?
Technical Details
Signature
Crossing
Amount
Date on the cheque
Payee must be named unless cheques is payable to bearer
Protection available to Paying Bank
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Statutory protection
Forged endorsement vs authentic signature
Payment in due course
Defence of Estoppel
Duties of collecting bank
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Collecting as Agent
Present cheque for payment without delay
Give Prompt Notice of Dishonour
Collecting as a Holder for Value
Encashment of cheques
Reduction of advance
Payment against uncleared Cheques
Protection available to Collecting Bank
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Statutory Protection
Defence of Estoppel
Defence of Contributory Negligence
Bank's Right to an indemnity
Duties and responsibilities of customer :warning:
Termination of customer/banker relationship :warning:
Customer -anytime
Banker - Upon Reasonable Notice
Death of Customer
Mental Disorder of Customer
Bankruptcy of Customer
Topic 2
Code of consumer banking practice
Opening of accounts
Operation of accounts
Closing of accounts
Consumer protection :warning:
FIDREC :warning:
CPFTA :warning:
SDIC :warning:
Private individuals
**Account opening
Minors
Valid Contracts
Unforceable contracts
Joint account
Account opening
Joint liability VS Joint and Several liability
Joint liability
Joint and several liability
Death of joint account holder
Credit balance
Debit Balance
Cheques presented for Payment after the Death of one party
Bankruptcy of a Joint Account Holder
Credit balance
Debit Balance
Mental incapacity of a Joint Account Holder
Dispute Among Joint Account Holders
Joint signature accounts
Joint Alternate signature accounts
Third Party Mandate :warning:
Power of Attorney :warning:
Topic 1
deposit services
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Savings account :warning:
Current account :warning:
Fixed deposit account :warning:
consumer credit services
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MAS Guidelines
Credit Cards
Overdraft and revolving credit facilities
Term loans
Personal loan :warning:
Car loan :warning:
Renovation loan :warning:
Housing loan :warning:
PAYMENT OR FUND TRANSFER SERVCES :warning:
Interbank Giro :warning:
Standing Order :warning: