Question

Angela deposited her money in a credit union bank. One day, she finds that the bank deposited her paycheck to the wrong account, causing the account to become overdrawn. Which legal responsibility has Angela’s bank failed to uphold?

the responsibility to keep her money safe
the responsibility to reach the correct account upon payment
the responsibility to notify customers regarding the money deposited or withdrawn
the responsibility to issue an account statement listing all transactions over
the past year the responsibility to protect customers’ money

Answer 1

The correct answer is the responsibility to notify the customers regarding the money deposited or withdrawn by which this could have been prevented if the bank were able to provide the details that the money she had deposited were safely placed on her account and not on someone else’s.