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The question

Is it obligatory to pay the interest accrued on a current account that has become negative due to the bank imposing monthly interest and fees, given that I no longer reside in the country where the bank is located and the account did not originate from a loan?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

There is no objection to the bank charging fees for current account services, and there is no suspicion of usury in this, because in this case the bank is a debtor, not a creditor. Demand deposits (current accounts) are considered loans from a jurisprudential perspective. The customer must close the account or pay the agreed-upon fees. The fact that the customer is a non-resident does not affect this, as they can appoint someone else or contact the bank to close the account.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
195914
Imported
Translation status
Source text, unreviewed
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