Bank accused of giving more than a lakh without verifying signature

  1. free4india profile image60
    free4indiaposted 7 years ago

    A bank has been accused of giving more than a lakh to unknown persons without verifying the signature on the check.  Do you think the bank is liable in US if the signature is forged but without customer's knowledge?

  2. multifunctions profile image60
    multifunctionsposted 7 years ago

    i think i have replied you in your page.
    there are only two ways that a bank can allow withdrawal in this case. either the bank has standing instructions against a particular payment or the authority has been given thru the power of attorney for operating the account.