Interest in cashing a check
This question and answer were automatically translated using our trained AI and have not yet been reviewed by a qualified rabbi. Please treat this translation with caution.
Go to original →
Question
A person lent someone one thousand shekels in cash, and at the time of repayment the borrower said that he has a check for one thousand one hundred shekels, and he wants the lender to take the check instead of cash, and the borrower will add another fifty for the loan. Is this considered interest (ribit)?
Answer
The lender may take a fee for accepting the check, but only in the amount that is customarily charged on the market for cashing checks.
Comments
Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
