Euro International Mortgage, Inc. (EIM), held two accounts—Account 9378 and Account 3998—at Bank of America. Ravi Kadiyala was an authorized signatory on Account 9378 but not on Account 3998. Through EIM, Kadiyala obtained a username and password to gain access to Account 3998, from which he transferred $200,000 to Account 9378. He then instructed the bank to issue cashier’s checks against the new balance in Account 9378. Meanwhile, Mark Pupke, an authorized signatory on both accounts, learned what Kadiyala had done and told the bank to cancel the checks and reverse the transfer. Does the bank have a duty to honor either party’s request? If so, whose? Why? [Kadiyala v. Bank of America, N.A., 630 Fed.Appx. 633 (7th Cir. 2016)] (See The Bank-Customer Relationship.)
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