Joachimson Vs Swiss Bank Corporation

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N. Joachimson Vs Swiss Bank Corporation

Citations

  • (1921) 3 KB 110
  • 1919. J. 707, 1289

Judgement

  • ATKIN, LJ; BANKES, LJ
  • Where money is standing to the credit of a customer on current account with a banker, in the absence of a special agreement a demand by the customer is a necessary ingredient in the cause of action against the banker for money lent.
  • A Bank customer has no right of action against his banker in respect of money deposited until after a demand has been made
  • Banks should allow the customer to deposit cash and cheques and withdraw his money by cheque, draft or order.

Related Cases / Recent Cases / Case Law

  • District Savings Bank Ltd., Re, (1901) 1 IR 195
  • Pott v. Clegg (1847) 16 M. & W. 321
  • Foley v. Hill (1844) 1 Ph. 399; (1848) 2 H. L C. 28

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