Overdraft Account
Keep Your Payments on Track with an İktisatbank Overdraft Account (KMH)
With your Overdraft Account (KMH), you can make urgent or regular payments on time and within your limit, even when your balance is insufficient. You can use your current account as a source of funds whenever you need to borrow money.
By placing an instruction on the current account linked to your Overdraft Account, you can easily pay regular bills such as water, electricity, telephone and Digiturk. Even if there are insufficient funds in your account on the payment date, the payment is made from the credit limit assigned for this purpose, so your bills are not delayed.
You can withdraw cash or make purchases within your limit using an İktisatbank Debit Card through the Overdraft Account linked to your Turkish Lira current account.
İktisatbank Overdraft Account (KMH)
Have your salary paid into your account at Cyprus İktisat Bank Ltd. and immediately benefit from an İktisatbank Overdraft Account offered at advantageous interest rates. Once your account balance is exhausted, you can access additional cash in Turkish Lira (TL), US Dollars (USD), Pounds Sterling (GBP) or Euro (EUR), allowing you to meet your needs without interruption by using credit instantly.
Advantages:
- Access to additional cash in Turkish Lira or foreign currencies.
- You can withdraw cash in TL within your limit at any time of day from İktisatbank ATMs located throughout Northern Cyprus, using your İktisatbank Debit Card.
- On business days, you can withdraw cash in Turkish Lira or foreign currencies from all İktisatbank branches between 08:15 and 16:00, including the lunch break.
- You can make transfers and payments by calling Telephone Banking on +90(392)444-4444 until 20:00 every day.
Active Overdraft Account (KMH)
Even when there are insufficient funds in your account, your payments continue to be made within your limit. With an Active Overdraft Account, automatic payments for bills such as water, electricity and telephone are paid automatically from your account on their due dates, so they are not delayed and you can enjoy peace of mind.
Features:
- You pay interest only on the amount you use and for the period you use it; no interest is charged when you do not use your limit.
- You can withdraw cash in TL within your limit at any time of day from İktisatbank ATMs located throughout Northern Cyprus, using your İktisatbank Debit Card.
- On business days, you can withdraw cash in Turkish Lira or foreign currencies from all İktisatbank branches between 08:15 and 16:00, including the lunch break.
- You can make transfers and payments by calling Telephone Banking on +90(392)444-4444 until 20:00 every day.