Under what circumstances might the relationship between the bank and customer impose fiduciary duties on the bank?

Question

Quizplus · Accepted Answer

Fiduciary duties are imposed on the bank when it undertakes roles or services that go beyond the mere transactional, such as providing financial advice. In such cases, the bank is expected to act in the best interest of the customer, similar to a fiduciary. Making a deposit, opening an account, or depositing a cheque are standard banking transactions that do not, by themselves, create a fiduciary relationship.

Under What Circumstances Might the Relationship Between the Bank and Customer