What is banker customer relationship?

The relationship between a banker and a customer depends on the activities, products or services provided by bank to its customers or availed by the customer. Thus the relationship between a banker and customer is the transaction relationship. Bank’s business depends much on the strong bondage with the customer.

What are the two types of relationship between banker and customer?

The general relationship between a banker and customer is:

• Debtor and Creditor relationship. When a customer fills and signs the account opening form he/she enters into a contract with the bank.
• Trustee and Beneficiary relationship.
• Principal and Agent.
• Lesser and Lessee.
• Bailor and Bailee.
• Advisor and Client.

What is the most important relationship between banker and customer?

As a customer must be an account holder, the basic relationship between banker and customer is that of DEBTOR AND CREDITOR, the banker being the debtor with regard to funds deposited with him, and being the creditor in respect of money lent by him.

What is the relation between bankers and customers?

When a banker accepts items like securities or documents for safe custody or maintains escrow accounts of the customers, the relation between the banker and customer is a Trustee and the Beneficiary (Trustier). The bank is the Trustee and the customer is the beneficiary.

What does a relationship banker do?

A relationship banker is an employee of a bank or other lending institution that is responsible for dealing with customers on a one-on-one basis.

What is a retail relationship banker?

A relationship banker, also called a personal banker, sells financial services and handles a client’s relationship with a bank. This includes personal accounts, business accounts, loans, investments and trust management services.

What is customer relations?

Customer relationships are important to your business because they build a connection with your customers and establish loyalty between them and you, which in turn leads to recurring sales and long-term business growth. But it takes more than data analysis.