Corporate Cash Management

Business Cash Management and Salary Payments with İktisatbank

We help companies in Northern Cyprus organise their collections and payments. Our salary payment service lets you transfer employee salaries to bank accounts in Turkish lira or foreign currency, reducing the work involved in distributing cash.

You can plan payroll by considering your business payment schedule together with your employees’ account requirements.

Pay Salaries Through Bank Accounts

Under our business salary payment service, demand deposit accounts are opened for employees identified by your company. Salaries are transferred to these accounts in accordance with the service conditions. Contact your branch for information on Turkish lira and foreign currency payment options.

Preparing employee details, payment amounts and the payment date in advance makes payroll preparation easier. Confirm the transaction method, applicable processing times and arrangements for holidays with our bank when planning your payments.

Reduce Administration and Cash Handling

Transferring salaries to bank accounts reduces the need to distribute and transport cash. Payment records in account transactions support your business checks and follow-up processes. Transactions are handled in accordance with our bank’s confidentiality principles.

Plan the amount needed on payday alongside your other business payments. This helps you follow cash flow and employee payments within the same schedule.

Account and Card Options for Your Employees

Employees can carry out banking transactions through the demand deposit accounts into which their salaries are paid. On request and subject to approval, they can benefit from Cardplus credit card options offered by İktisatbank.

An overdraft account may allow eligible employees to use funds within an agreed limit beyond their account balance. Credit cards and overdraft products are subject to application, bank assessment and the relevant product conditions; opening a salary account does not mean automatic credit approval.

Contact Us About Salary Payments

Share your employee numbers, payment currency and payroll schedule to learn about the service conditions for your business. For required documents, transaction methods and fees, visit your nearest İktisatbank branch or call Phone Banking at +90(392)444-4444.

To plan your business savings, explore our business deposit and investment products. For card payment collections, see our Cardplus POS solutions.

Frequently Asked Questions About Corporate Cash Management