The relationship between the payor bank and its checking account customer is exclusively governed by statute and leaves no room for contractual modifications.

Question

Quizplus · Accepted Answer

While the relationship between the payor bank and its checking account customer is primarily governed by statute, there may be room for contractual modifications through agreements between the two parties. However, any such modifications must comply with applicable laws and regulations.

The Relationship Between the Payor Bank and Its Checking Account