Payments

Payments

Your Payments No Longer Have to Take Up Your Time

With Kıbrıs İktisat Bankası Ltd., you no longer need to spend time remembering and tracking regular or occasional payments. İktisatbank takes care of these time-consuming tasks for you.

You can set up automatic payment instructions from your account for payments that fall on different dates throughout the month and take time to track and process, such as school payments, salary payments, bill payments, rent payments, and apartment maintenance fees.

For payments with a known date and amount, you can also set up instructions to ensure that they are made on time.
You can easily monitor all completed or pending payments through Internet Banking and Mobile Banking.

Frequently Asked Questions About Payments

With our school Payments service, all your school expenses, including school instalments, transportation, and meal fees, are paid regularly by Kıbrıs İktisat Bankası Ltd. under the automatic payment instruction you place on your account.

Simply provide our bank with an instruction containing the details of the institution to be paid, the payment amounts, and the payment dates.

Special benefits for school payments:

  • Even if there are insufficient funds in your account on the payment date, the School Payments Credit Limit, which you can arrange easily, covers the shortfall.
  • You can change the payment dates and amounts as you wish, even after your school payments have started.

The Kıbrıs İktisat Bankası Ltd. Salary Payments service offers special benefits and solutions both to customers who receive their salary through our bank and to companies that pay their employees through our bank.

If you receive your salary through our bank:

  • You can access your salary with your card 24 hours a day, 7 days a week, through İktisat ATMs and all other bank ATMs in the TRNC, as well as hundreds of thousands of ATMs abroad.
  • With an Active Account, all your automatic bill, loan, and regular payments are made from your salary on time.
  • You benefit from preferential interest rates on Personal Loan products and an unsecured personal loan of up to four times your net monthly salary.
  • With a single signature, we set up an Overdraft Account limit suited to your salary, so you can have peace of mind even when there are no funds left in your salary account.
  • With your Cardplus Credit Card, you can withdraw cash advances from Kıbrıs İktisat Bankası Ltd. ATMs as well as all bank ATMs in the TRNC.
  • You can carry out all your banking transactions through Internet Banking 24 hours a day, 7 days a week.
  • You also receive your Monthly Financial Information, Automatic Payment, and Overdraft Account statements free of charge.

If you pay your employees through our bank:

  • You benefit from integration with your payroll software and the electronic funds transfer system.
  • You benefit from secure solutions that simplify data preparation and transfer transactions.
  • You can make payments in your preferred currency.
  • You benefit from convenient payments on weekends, religious holidays, and public holidays.
  • You achieve a reduction in workload and transaction costs.
  • You achieve an increase in operational efficiency.
  • You experience a reduction in the margin of error and a reduction in risks associated with cash distribution.
  • You benefit from confidentiality in salary payments.