Bankers’ Rights to Debit/Reverse Credit Entries in Customers Accounts without their Consent

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The center point of the above mentioned case refers to the principles highlighted in the case of Nedbank v Pestana (142/08) [2008] ZASCA 140, as will be the focal point of this article.

The case highlights that as a general rule in banking, no banker is permitted to debit her customer’s account and reverse the entry, once a remittance has been initiated to the credit of that customer’s account without the latter’s mandate or consent.

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