DIFFERENE TYPES OF BANK CUSTOMER

By Nauman hassan

TYPES OF BANK CUSTOMERS

Ordinary Customer:-Person who is competent to enter into contract under the laws of land.

Special Customer:-The special customer are those who are dealt with as special ones legally.

TYPES OF SPECIAL CUSTOMER

MINOR:- A person under the age of 18year is consider as minor.

LUNATIC:- A person of unsound mind is called lunatic.

THE DRUNKARD:- A person in state of intoxication and not in senses.

THE ILLIERATE PERSON:- In the bankers point of view it is the person who cannot put his signature.

PARTNERSHIP ACCOUNTS

1. The account must be opened and operated in the name of the firm and not in the name of any partner.

2. All document must be signed by all the partner of the firm.

3. The banker shall have to study the partnership deed of the firm carefully.

4. The banker must get full signatures of all partners.

1.A consent of all partners should be obtained in regard to cheques, promisory note, bills.

2.In cases of admission ,retirement ,bankcruptcy ,death ,insolvency of partner the banker should take care of various provisions in partnership act.

1. A trust is created for lawful purpose which must be for a property transferable to the beneficiary.2. A account should be open in the name of the trust.3. The bank must get trust deed and study carefully.4. In the case of death or retirement of any trustee the power of surviving will depend on trust deed.5. The insolvency of any trustee doesn’t in any way affect trust property.

TRUSTEE

JOINT STOK COMPANY

A joint stock company is an association of individual for the purpose of profit, possessing a common capital contributed by the members constituting it. such capital is being commonly divided into shares, of which each possess one or more and which are transferable by the owner.

while accepting a company as its customer, the banker should be very carefull and take following precautions before opening an account in the name of the company

1. Examination of documents.

2. Copy of board’s resolution.

3. Borrowing power of company

4. Personal accounts of directors.

5. Winding up of the company.