A banking corporation owes a heightened duty of trust and care toward its customers in safeguarding their funds and overseeing its agents
Commercial, Banking and Financial
Dispute Resolution
Through fraudulent means and by presenting forged vouchers, approximately ILS 48,000 was withdrawn from a customer account at the Postal Bank. The Postal Bank refused to reimburse the funds, contending that they must await a police investigation, while simultaneously freezing the account-leaving the customers without their money and in prolonged uncertainty. The Court accepted the […]