Overdraft​

Interest accrues for the number of days you use your Overdraft limit. If you use and close your limit on the same day, interest is applied for one day.

(*) The calculation is made with a monthly interest rate of 4.42%. It includes 15% WHT (Withholding Tax) and 15% SCT (Banking and Insurance Transactions Tax). Since funds entering the Overdraft are valued for one day, the calculation is made over 2 days.

When money is deposited into your account, your outstanding balance automatically decreases. You can easily use your Overdraft limit without the need to visit a branch.

The interest on the credit you used during the month is automatically deducted from your account on the first business day of the next month. You can pay this interest amount until the last business day of the month.

Funds entering your Overdraft are valued for one day.

To apply for Overdraft, you just need to visit our branch with the required documents.

• Identification Document (ID card with TC ID number, Driver's License, or Passport)
• For the applicant, one utility bill for the last 3 months (gas, electricity, telephone, or water)
• Income Document

Freelancers/Tradesmen:

• Tax certificate for the last year, balance sheet, and income statement/business account summary
• Chamber of Commerce Gazette/Chamber Registration Document

Company Partners:

• Tax certificate for the last year, approved balance sheet and income statements/business account summary,
• Chamber of Commerce Gazette/Chamber Registration Document

Salaried Employees:

• Payroll or salary letter and company signature circulars

Retirees:

• Pension book or a letter containing information about the bank account where the retirement pension is deposited

Those Declaring Real Estate Income:

• Title deed proving income and relevant lease agreement

Those Earning Capital Income:

• Account statement showing interest income.