The family name of a person other than the identified customer must not be used as a designation for a savings book – according to the Austrian Banking Act. The Supreme Court for Civil Matters recently dealt with a case where this happened anyway: The bank failed to prevent the identified customer from using such designation for a savings book. The identified customer caused damage to the person who actually and rightfully uses the name. Nevertheless the latter was unable to claim damages from the bank. According to the Supreme Court for Civil Matters this particular case was not covered by the purpose of the law. (8Ob66/16p)
The right designation for a savings book
