Reply To: paying interest to banks & ribbis?

TO those that quote R’ MOSHE– R MOSHE ONLY MATERED DEPOSITING IN A interest bearing SAVINGS ACCOUNT.

his logic was that ribbis can only be when there is a borrower (LOVEH) involved . however when you deposit money in an account, since the ownership has no personal obligation to pay you back- only the bank assets are obligated and there is no borrower present and there4 does not constitute ribbis.

this is only true when making deposits when borrowing you are the borrower. so unless your corporation is borrowing the money , reb moshe would not apply.