Pruzbul on a Bank Debt
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
Why is a pruzbul needed for a bank account, isn't it a deposit and not a loan?
Answer
Hello, a deposit in a bank is considered a loan to the bank, and in our time, when the loan is under a heter iska - half loan and half deposit - the seventh year cancels the loan portion.
Source
Shulchan Aruch (Choshen Mishpat, Siman 67); Azmera Leshimcha (Laws of Shemitah).
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 (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
Become our patrners in supporting and spreading the Torah
Help us answer more questions faster and better
Join the mission