No, your bank has no right to disclose information about your account to a third party. The bank owes you a duty of secrecy. TOURNIER V. NATIONAL PROVINCIAL & UNION BANK OF ENGLAND (1924) 1KB 46
No, your bank has no right to disclose information about your account to a third party. The bank owes you a duty of secrecy. TOURNIER V. NATIONAL PROVINCIAL & UNION BANK OF ENGLAND (1924) 1KB 46
Yes, the duty of secrecy will not be adhered to in the following instances;
Where disclosure is under compulsion by law.
Where there is duty to the public to disclose.
Where the interest of the bank requires disclosure
Where the customer consent to disclosure either expressly or by implication
TOURNIER V. NATIONAL PROVINCIAL & UNION BANK OF ENGLAND (1924) 1KB 461
No, the duty is not absolute. What is required is that the bank takes all precautionary measures to keep transaction and information of the customer confidential and secret, thus the bank will not be liable if after taking all measure to protect the information of the customer, a third-party gets hold of such information from another source. The bank is only to exercise a duty of reasonable care. See HABIB (NIG) BANK V. KOYA (1992) 7 NWLR (PT 251) 43
No, it goes beyond the state of your account or transactions carried out on your account it as well extends beyond the time that you close your account with the bank. Once a customer has closed his account with the bank, the bank is still not at liberty to give information against the customers. The duty of secrecy does not cease. SEE TOURNIER V. NATIONAL PROVINCIAL AND UNITED BANK OF ENGLAND (1924) IKB 481