Which of the following is a duty of the customer to the bank?

Prepare for the ACA ICAEW Tax Compliance Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The chosen answer highlights a crucial responsibility of the customer in their relationship with the bank. Customers are required to draw up payments carefully to minimize the risk of fraud. This duty helps ensure that transactions are accurately executed and that any potential for unauthorized or fraudulent activity is mitigated.

By carefully drawing up payments, customers can verify the details of each transaction, confirm the authenticity of the payee, and ensure that they are following secure practices, thereby acting in a way that protects both their own financial interests and those of the bank. This vigilance contributes to overall security and trust in the banking system.

The other options do not reflect the duties of customers. For instance, providing loans for free is not a realistic expectation from customers, as banks typically charge interest on loans. Communicating all transaction details may be impractical; customers should inform the bank about suspicious activity, but not all details of every transaction are necessary to communicate. Lastly, ignoring fraudulent activities is contrary to the duty of the customer, as they should be proactive in reporting any signs of fraud to their bank.

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