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Is it necessary for an individual to have account with the bank to be customer of that bank?
Wiki User
∙ 13y ago
Yes. Only if a person has any kind of account relationship with the bank, he will be termed as a customer of the bank. It could be any account like say checking or loan or credit card or any kind or service the bank provides. If the person uses them, he becomes a customer of the bank.
Wiki User
∙ 13y ago
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Who is a customer as per bank definition?
For a bank, a customer is a person who is utilizing one or more of the services provided by the bank. A customer is a person through whom the bank gets an opportunity to make an earning in return to the service they can provide the customer with. For Ex: an individual who has a checking account with a bank or an individual who has a mortgage or a loan with the bank or an individual who has a fixed deposit with the bank are all customers of the bank.
Can a person close a bank savings account not in their name?
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
If a bank customer has an individual account and they die and their will states that funds pass to a trust can the executor close the account?
Yes, they can close the account. The money will then be placed as directed by the will.
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
What can a customer get free with a bank account with Chase bank?
A customer can sometimes get free gift certificates for opening an account with Chase bank.
Can someone else open a savings account for you?
No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.
What contributes the customer of a bank?
Any individual who uses some form of service offered by the bank is a customer. For ex: a. Someone who has a checking or savings account with the bank b. Someone who has taken a loan from the bank c. Someone who buys insurance products from the bank d. etc
How can one open an account with Rabo Bank?
An individual can either travel to the nearest Rabo Bank location or check on their online website, rabobankamerica. Opening a checking or savings account is easy with Rabo Bank's wonderful and helpful customer service!
How do you sell bank account?
As a customer you cannot sell your bank account. It is an individual's property that can only be closed per his/her request but cannot be transferred or sold. On the other hand, if you are a bank salesman who is selling bank accounts to prospective customers, you can outline the best features and benefits of the account and try to woo customers to open one account with you.
Can a Bank open joint account in the name of blind persons?
Yes. Blind individuals can have a bank account of their own or can have a bank account that is jointly held by the individual and his relatives (Son/Father/Mother/Daughter etc.) Banks would accept a thumb impression of the blind individual and match it every time the customer wishes to use a check for withdrawal.
What do actuary do in a bank?
A bank actuary will be able to evaluate customer accounts to determine if those customers are worth keeping. If a bank customer is frequently overdrawing his account or doesn't keep a certain balance, the bank actuary will make recommendations to the bank. While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation. For example, if a customer consistently keeps a very low balance in a bank account, the bank could decide to start charging the customer administrative fees if she wants to keep the account open.
How do you write a letter to the bank to make a single account to a joint account?
Your bank will not make any changes to your account as a result of you writing a letter to them. It will be necessary for you and the individual whom you wish to become a signer on the account to visit your bank, with proper identification, in order to provide that identification to the bank and sign any applicable documents in person.
