Question
I have two banking accounts in different banks. Can I pay the interest of one bank to offset the bank charges of the other bank?
Answer
No, it is not permissible to use the interest received from one bank to pay the bank charges of another bank.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 07
- PDF page
- 5
Appears under LONG TERM LOANS AND DEBT (approximate).