Who are the special types of bankers customers? (2024)

Who are the special types of bankers customers?

Special customers include minors, drunkards, lunatics, insolvent people, married women, joint firms,agents,blind people, illiterate people etc. Out of these people having insolvent minds, minors and drunkards are not competent to contract and therefore contracts made with them are nit valid and are void.

Who are the special customers of bankers?

These include minors, lunatics, drunkards, married women, undischarged insolvents, trustees, executors, administrators etc. Extra care is also needed for the banker while he deals with customers like public authorities, societies, joint stock companies, partnership firms etc.

Who can be the customer of a banker?

According to Sir John Paget, to constitute a customer there must be some recognizable course or habit of dealing in the nature of regular banking business. Mere opening of an account will constitute a person a customer of a bank. The word customer signifies a relationship in which duration is not of essence.

Who are the banking customers?

A customer is a person who has an account with a bank or has a relationship with the banker even though he has no account with the bank.

Who are banking customers or clients?

A client is a person or organization that does business with a bank in a particular way, such as a person who holds an account with the bank. A customer is a person or organization that does business with the bank in general, such as someone who uses the bank's ATM.

What are the special types of customers in banking lunatic?

Lunatics are the people who are unsound in mind. They are incapable of entering into valid contracts. Hence, a banker cannot open an account in the name of lunatic.

What are different types of customers?

What is an example of a banker customer relationship?

In the relationship between banker and customer, the banker act as an indemnity holder if any wrong transaction is done while making the payment by the customer. For example, if you make an online transaction with another person but the transaction failed and your money is deducted.

What is the difference between a banker and a customer?

Generally, Customer is the creditor and Banker is the Debtor when Customer deposits money in the bank. And in Contrary when customer takes a loan Banker becomes the Creditor and customer becomes Debtor. 2. Customer is only a general Creditor of the bank.

What is a classified banker customer relationship in detail?

The legal relationship between a customer and the bank is based on contract and is generally classified as a debtor-creditor relationship. This means that when a bank or other type of ADI accepts money from a customer it does so as a borrower on terms that may be implied.

What are 3 main customer services most banks offer?

Who is a banker in simple words?

The banker is a person who: (1) accepts money from, and collects cheques for, his customers and places them to his credit; (2) honours cheques or orders drawn on him by his customers when presented for payment and debits his customers accordingly; and (3) keeps current accounts in his books in which the credits and ...

Which bank has the highest number of customers?

Following Access Holdings is FBN Holdings with over 35 million customer base, while Guaranty Trust Holdings Plc (GTCO) and United Bank for Africa (UBA) Plc have 25.7 million and 25 million customer base in 2021, respectively.

Which customers are considered as financial customers?

Customer in Financial Industry:

A customer is a type of consumers that have a direct & continuing relationship with the financial institution. For example: Holding a financial product like Savings Account or Credit Card. Using Financial service like Investment Advisor or Wealth Management services.

Who are the most profitable customers for banks?

For banks, the most profitable customers are those who keep several thousand dollars in their accounts, use a teller less than once a month and hardly ever use the call center.

What are the two main types of customers?

There are two main types of customer. These are: 1 external customers who come from outside of the business providing a product or service 2 internal customers who are in the same organisation as the person who is providing a product or service.

What were the top 3 5 complaints customers at banks encounter on a regular basis?

What are the 4 major types categories of customers?

While there is no one-size-fits-all approach to engaging with customers and no one person ever fits into a neat little box, generally speaking, there are four different types of customers: analytical, expressive, amiable, and direct.

What are the three 3 major classifications of customers?

What is a butterfly customer?

Butterflies are loyal clients with high predicted profitability, but their loyalty is not strong enough and lasts only for a short time. With them, you have to focus on distinct product/service offerings. However, if you want to build your business quickly, this is the customer group to focus on.

What is the most important relationship between banker and customer?

One of the most important aspects of the banker-customer relationship is the debtor-creditor relationship. When a customer deposits money into a bank account, the bank becomes a debtor to the customer and owes them the money back on demand. This relationship is governed by the law of contract.

What are the duties of a banker and customer?

To honor cheques: The banker must honor the customer's cheques, provided that there are sufficient funds in the customer's account to cover the amount of the cheque. To keep the customer's account safe: The banker has a duty to take reasonable care to protect the customer's account from fraud and other losses.

What ends the banker customer relationship?

The bank-customer relationship, being a contractual bond, may terminate via agreement or consent, notice of termination, death or dissolution of one of the parties, sequestration, insanity of the customer, and the natural effluxion of time.

What is the difference between a bank and a banker?

Banker is used for those who works with a bank. Bankers have a responsibility of keeping public deposits safe and secure and they have authority to provide various type of loans loans. Bankers are therefore important people has their discretion of whom to lend makes lot of difference.

How do banks classify customers?

Some basic segmentation criteria include geography, income and spending habits.