Normally,the bank is not obligated to give advice or to look out for the best interest of the customer.

Name: Normally,the bank is not obligated to give advice or to look out for the best interest of the customer.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Banks are not fiduciaries to their customers, meaning they do not have a legal obligation to provide financial advice or act in the best interest of the customer. Their primary relationship is transactional.

Normally,the Bank Is Not Obligated to Give Advice or to Look