Quora Answer: Is It Halal for Me to Pay the Bank Interest Charges?
The following is my answer to a Quora question: “My bank charged me interest and fee, but I do not want to pay the interest because of my religion Islam. In this case, is it halal to pay?”
In any case, it is not a definitive position that absolutely all forms of interest is haram. Personally, I think that is illogical. There is an inherent infrastructure and upkeep cost for the bank. For interest to be considered riba’, usury, there has to be an element of zhulm, oppression. A tiny interest rate does not qualify.