Joachimson Vs Swiss Bank Corporation
N. Joachimson Vs Swiss Bank Corporation
- (1921) 3 KB 110
- 1919. J. 707, 1289
- 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