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No. A deposit, by legal definition, is not considered a bailment, but even if there was a question involved, all contracts with all commercial banks explicitly state that deposits of funds are a full title transfer of ownership to the financial institution. The fact that funds can be 'repaid' to you 'on demand' is incidental. When you make any bank deposit, you are giving up title to your funds to the bank, and the bank does not have to store them, and may do with those funds as it pleases. Your funds become the immediate property of the bank, in return for what is essentially an IOU.

Even a safe deposit box is not considered a bailment, since the box is sealed, and the bank cannot handle or control the goods. Valet parking, on the other hand, would be an example of one type of bailment.

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โˆ™ 2012-11-30 08:22:17
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Q: Is deposit of money in bank a bailment?
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