Question
Zaid approaches Amar for a loan of R5,000. Amar wants to give the loan with a cheque or by depositing in Zaid's account. The bank will charge Zaid R30 for cashing the cheque or when he draws out the money from his account. Who should pay the R30?
Answer
Zaid for whom Amar is doing the favour should pay the bank's fee of R30. Whilst it is permissible for Amar to pay, it is really Zaid's responsibility.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 22 No 05
- PDF page
- 12
Appears under Questions and Answers (approximate).