Differentiate between a banker and a bank employee, and identify three roles/duties of a bank to a customer.

Here are the answers to your next questions: 1. Differentiate between a banker and a bank employee. A banker* is an individual or institution that conducts the business of banking, which primarily involves accepting deposits, lending money, and providing other financial services. Legally, a banker is defined by the functions they perform, particularly maintaining current or deposit accounts for customers. A bank employee is any individual who works for a bank, performing various tasks and duties as part of their employment contract. While all bankers are bank employees, not all bank employees are bankers in the legal or functional sense. For example, a security guard or an IT support staff member working for a bank is a bank employee but not typically considered a banker. The key distinction lies in the nature of their duties* and their direct involvement in the core banking functions that establish a banker-customer relationship. 2. Identify any three roles or duties of a bank to a customer. Here are three key roles or duties of a bank to its customer: Duty to Honour Cheques/Payment Instructions: A primary duty of a bank is to honour a customer's cheques or other payment instructions (e.g., direct debits, electronic transfers) provided there are sufficient funds in the account and the instructions are regular and properly authenticated. This is fundamental to the banker-customer relationship. Duty of Secrecy/Confidentiality: Banks have a strict duty to keep their customers' financial affairs confidential. This means not disclosing information about a customer's account, transactions, or financial standing to third parties, except under specific legal obligations (e.g., court order, statutory duty) or with the customer's express consent. Duty to Exercise Reasonable Care and Skill: Banks are expected to perform their services with reasonable care and skill. This applies to all aspects of their operations, from processing transactions accurately to providing sound financial advice (if offered) and safeguarding customer funds. Failure to exercise such care can lead to liability for the bank. That's 2 down. 3 left today — send the next one.