Bank charges
Hi friends
One of my friends has a savings bank account with Standard Chartered Bank. He just started the account and never puts money in it. The bank charges around 25-50 Riyals for not keeping the minimum balance. Now he got -350 riyals balance. He is going back to home country. My question is that Do he needs to pay the money before he leaves? If he didn't pay, will there be any problem at the airport? He asked the bank people about this and they asked him to pay the money. :)
It's just a savings account and now he owes to bank. Doesn't make any sense!
What do you think?
When he openned the account he must have signed some sort of contract or agreemnt in which these charges were named and if he signed he agreed to those rules and charges.
At some point the bank will absorb the accounts with low or none income for the past months but who could know if the bank is to file a complaint or call him to pay what he owes??
In the end what he owes to the bank is what he agreed in the very beginning when opening his account and signing all the docs.
Regards!!