I had to dig a bit to find similar info for U.S. law, but it appears to be true here as well: http://openjurist.org/866/f2d/1242/united-states-v-cache-valley-b

I had to dig a bit to find similar info for U.S. law, but it appears to be true here as well: http://openjurist.org/866/f2d/1242/united-states-v-cache-valley-bank http://openjurist.org/866/f2d/1242/united-states-v-cache-val... "The district court determined that under Utah law the relationship between a bank and a depositor is generally that of a debtor to a creditor, citing Walker Bank & Trust Co. v. First Security Corp., 9 Utah 2d 215, 341 P.2d 944, 946 (1959). United States v. Intermountain Region Concrete Co., 636 F.Supp. at 284. Under this widely accepted principle, the depositor retains a right to withdraw those funds, which is usually described as a chose in action..."