The basic incidents of the banker-customer relationship30 have been identified a s: 1.

The bank undertakes to receive money and to collect bills for its customer s ac count; 2. The bank borrows the money and proceeds from the customer and undertakes to repay them: o on demand, o at the branch of the bank where the acc ount is kept, o during ordinary working hours; 3. The bank promises to repay any part of the amount due against the unambiguous written order of the customer addressed to the branch of the bank where the acc ount is kept; 4. Conversely the bank will not pay away any part of the amount due to the custo mer without such order or other compulsion recognized by law; 5. The bank will not cease to do business with the customer except on reasonable notice; 6. The custom and usage of bankers is implied into the contract (if known and ac cepted); 7. Both parties are bound by any statutory responsibilities or rights.