BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who is responsible for confirming your bank account balance?
A
the stores where you made the purchases from the account
B
your bank or credit union
C
you
D
the debit card company
Explanation: 

Detailed explanation-1: -An auditor will normally contact the bank where a company has an account and request that specific balances be confirmed. Before they are granted access to specific information, they must provide proof of identity, which includes having some sort of photo identification or a government-issued ID card on hand.

Detailed explanation-2: -As per Banking Law except authorised staff in Bank staff no third person except customer can see or know the account information, balance etc.

Detailed explanation-3: -One cant get the Bank Statement of any other person by any legal means. One can try some illegal means in order to get the Bank statement of the opposite party. The Hon’ble Supreme Court has held in a recent case that any illegal act for the good cause or to prove something right doesn’t construe an illegal act.

There is 1 question to complete.