Current Account

Keep Your Funds Available at All Times with an İktisatbank Current Account
For those who want to manage their daily banking transactions from a single account, the İktisatbank Current Account offers a flexible solution in TL and foreign currencies. You can have your salary paid into the account, pay your bills automatically, transfer money and access your funds whenever you wish.
Advantages of an İktisatbank Current Account
- Card and account applications in one place: When you open a TL Current Account, you can apply for an İktisatbank Debit Card, a CardPlus Credit Card, a cheque book and an Overdraft Account.
- Automatic payment instructions: You can set up automatic payments for your bills and credit cards. With a limit assigned to your Overdraft Account, your bills can be paid on time even when there are insufficient funds in your TL Current Account.
- 24/7 access: You can access your account at any time with your İktisatbank Debit Card and deposit or withdraw cash at our ATMs located throughout North Cyprus.
- No need to carry cash: You can easily use your debit card for purchases and make payments without carrying cash.
- Easy money transfers: You can make EFT, internal bank transfers and similar transactions from your TL Current Account.
- Foreign currency transactions: You can buy and sell foreign currency and make international money transfers such as SWIFT from your Foreign Currency Current Account.
Steps to Open a Current Account
- If you do not yet have an account with Kıbrıs İktisat Bankası Ltd., you can open a Current Account by visiting your nearest İktisatbank branch with a valid identity document and proof of address.
- Existing İktisatbank customers can easily open a new Current Account without visiting a branch by using Internet Banking or Mobile Banking, or by calling Telephone Banking on +90(392)444-4444.
Frequently Asked Questions About Current Accounts
What Is a Current Account?
A Current Account allows you to access your money whenever you wish, without a fixed-term requirement. You can use it for daily spending, deposits, withdrawals, transfers and automatic payments.
Is There a Fee for Opening a Current Account?
Opening a Current Account is free of charge. An account maintenance fee is charged once every three months.
Which Currencies Can I Use to Open a Current Account?
At Kıbrıs İktisat Bankası Ltd., you can open a Current Account in 13 currencies:
- Turkish Lira (TL),
- US Dollar (USD), Australian Dollar (AUD) and Canadian Dollar (CAD),
- Euro (EUR),
- Pound Sterling (GBP),
- Swedish Krona (SEK), Norwegian Krone (NOK) and Danish Krone (DKK),
- Swiss Franc (CHF),
- Japanese Yen (JPY),
- United Arab Emirates Dirham (AED),
- Russian Ruble (RUB).
What Is the Difference Between a Time Deposit Account and a Current Account?
Unlike a Time Deposit Account, the funds in a Current Account are not locked in and do not earn interest. If you would like to earn interest on your savings, visit our Time Deposit Accounts page for detailed information.