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INFORMATION ON THE FOREIGN CURRENCY DEPOSIT
ACCOUNTS WITH CREDIT LETTER AND SUPER FX ACCOUNTS OPENED WITH OUR BANK
ELIGIBILITY:
Individuals eligible
for opening Foreign Currency Deposit Accounts with Credit Letter and Super FX
Accounts are real persons over eighteen years of age having residence or
working permits abroad or the right thereto, Citizens of The Republic of
Turkey ( possessing The Republic of Turkey Identity Card / passports) or
possessing “Certificates Regarding the Use of Rights Under the Law No.5203”.
Persons authorised to work abroad for a long term by the public agencies and
those employed at the representative offices and bureaus abroad of the public
and private sector organisations are also entitled to open these accounts.
Citizens having Credit Letter and Super FX Accounts may continue their
accounts under the prevailing legislation also after their final return to
Turkey.
TYPE
OF FOREIGN CURRENCY AND THE MINIMUM AMOUNTS:
For Foreign Currency
Deposit Accounts with Credit Letter by depositing minimum amount of
·
1.000,- Euro,
·
1.000,- US Dollars,
·
1.000,- UK Pounds,
·
2.000,- Swiss Francs,
It is
possible to open 2 years time deposit accounts.
For Super FX Accounts, by depositing minimum amount of
·
5.000,- Euro,
·
5.000,- US Dollars,
It is
possible to open 1, 2 and 3 years time deposit accounts.
When any foreign currency that is traded by our Bank, is remitted, accounts
can also be opened through legal tenders by converting them into one of the
above-mentioned currencies.
INTEREST
RATES APPLIED TO ACCOUNTS OPENED AFTER 01 OCTOBER 2012 OR TO THOSE OF WHICH
THE TERMS ARE RENEWED THEREAFTER
a) Foreign Currency Deposit Accounts with Credit
Letter
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Foreign Currency Types
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Two Years Time Deposit
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EURO
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Annually % 0,25
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USD
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Annually % 0,25
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GBP
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Annually % 0,25
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CHF
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Annually % 0,25
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b) Super FX Accounts
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Foreign Currency Types
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One Year Time Deposit
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Two Years Time Deposit
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Three Years Time Deposit
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EURO
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% 0,50
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Annually % 0,50
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Annually % 0,50
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USD
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% 0,25
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Annually % 0,25
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Annually % 0,25
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(To see
interest rates from past until today click here)
DEPOSITING
MONEY INTO ACCOUNTS:
Our
citizens having valid Turkish passports, idebtity cards or "Certificate"
can open Foreign Currency Deposit Accounts with Credit Letter and Super FX
Accounts by depositing money to the banks
·
in Turkey; Our Branches
·
in Holland; ABN Amro Bank NV.Amsterdam,
·
in United Kingdom; Türkiye İş Bankası
AŞ London Branch, T.C.Ziraat Bankası London Branch, Barclays Bank PLC,
Lloyds Tsb Bank PLC HSBC Bank PLC, National Westminster Bank PLC,
London
·
in Germany; Ziraat
Bank International AG, İşbank GmbH, Commerzbank A.G., Deutsche Bank AG, Citigroup Global Markets
Deutschland AG&Co.KgaA Frankfurt,
·
in France; Societe Generale, Credit Agricole S.A., BNP Paribas
Paris
· in USA; JP Morgan
Chase Bank, Citibank NA, Vakıfbank, T.C. Ziraat Bankası New York
or making
transfers into our Bank through the Turkish and foreign banks and the
branches at the place where they are resident.
Our citizens having "Certificate" can open accounts by personally
going to our Branches or, in case they are residents abroad, by making their
transfers into our Bank through the branches of the Turkish and foreign banks
at the place where they are resident.
The fees charged by the banking institutions in Turkey and abroad, private
finance corporations for transferring the deposited amounts in order to open
Super FX Accounts will be paid by the accountholder.
Credit Letters and Super FX Account books related with the opened accounts
will be directly sent to the accountholders.
Since the interests are applicable as from the date of deposit,
accountholders will not sustain loss of interests due to the late receipt of
the Credit Letters and Super FX Account books.
WITHDRAWALS:
Accountholders
of the Foreign Currency Deposit Accounts with Credit Letter and Super FX
Accounts can withdraw cash from their accounts by submitting their Turkish
passports, identity cards or "Certificate" with their Credit
Letters/Super FX Accounts books to our Branches in Turkey
Accountholders can
also make transfers to their own accounts abroad or in Turkey. For such a
transaction, no fee or commission will be charged by our Bank.
INTEREST
CALCULATION:
The
interest rates are calculated annually and credited to the accounts on
maturity date. After crediting the accrued interest to the principal, a
letter showing the final balance, is sent to the accountholder.
In the case of withdrawals prior to the maturity date, interest rate applied
to the deposits is 0 % for Foreign Currency Deposit Accounts with Credit
Letter and Super FX Accounts. If the balance amount of the Credit Letter
after the withdrawals, is not below the minimum requirement, the deposit time
period will not be changed. When the total amount of the Credit Letter is
withdrawn, if the balance amount in the account is above the minimum
requirement, a new Credit Letter is posted to the accountholder.
After the partial withdrawal, if the balance amount in Super FX Account is
below the minimum requirement, it is possible to open a Credit Letter Account
for the residue upon the request of the accountholder.
LEGAL
ISSUES
Credit
Letters and Super FX Account books belong to the persons whose forenames and
names are thereon indicated and may not be transferred or assigned to others
nor may be used as guarantee for any purpose whatsoever.
Super FX Accounts may be opened as one, two and three years time deposit, and
Foreign Currency Deposit Accounts with Credit Letter may be opened as two
years time deposit accounts. The maturity starts as from date of the deposit,
and terminates on the same day and month related with the above mentioned
time period.
The interest rates are gross and therefore accrued interests are subject to
tax and other similar cuts required by law.
For the lost or stolen Credit Letters and Super FX Account books, “Central
Bank of the Republic of Turkey Head Office-ANKARA” should be notified
immediately on the same day. Our Bank will not be held responsible for any
erroneous payments made due to the late notification.
About the information regarding address, passport and Certificate
changes, notification should be sent in a written form as soon as possible to
the Central Bank of the Republic of Turkey. In the case of the failure to
notify the address changes, all notifications to the previous address will be
accepted as valid.
In case of requests for changing the maturity date, the type or the currency
of the account should be accompanied by the originals of the Credit Letters
and Super FX Account books, photocopies of the first three pages of the
passport of the Republic of Turkey (or the "Certificate") and a
letter of application including a statement about the acceptance of the loss
of interest, if there is any.
Payments with powers of attorneys will be made solely by our branch offices.
No information about the accounts is given to persons or oganizations
domiciled in or outside of Turkey unless there is a court ruling obtained
from the Turkish Courts to the contrary.
Books and records of the Central Bank of the Republic of Turkey will prevail
in all conflicts arising out of and in connection with these accounts.
Turkish law will apply to disputes between the parties T.C. Ankara Courts and
Law Erforcement Offices will have jurisdiction in all litigations.
The Central Bank of the Republic of Turkey may set limits to the payments to
be made in a single withdrawal at any given time and may restrict the amounts
payable to the holders with powers of attorney.
Address and Phone Numbers:
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CENTRAL BANK OF THE REPUBLİC OF TURKEY
WORKERS’ REMITTANCES DEPARTMENT
06100 ULUS-ANKARA / TÜRKİYE
TEL: 90 (312) 311 25 06- 311 25 09
FAX: 90 (312) 312 33 80-311 25 38
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FRANKFURT REPRESENTATIVE OFFICE
CENTRAL BANK OF THE REPUBLİC OF TURKEY
REPRÄSENTANZ DER ZENTRAL BANK DER REPUBLIK TURKEI
ROSSMARKT
9
60311
FRANKFURT / MAIN
DEUTSCHLAND
TEL: 49-69 298 01 100- 103
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LONDON REPRESENTATIVE OFFICE
CENTRAL BANK OF THE REPUBLİC OF TURKEY
ALPHA HOUSE 1ST FLOOR
24A LIME STREET
LONDON EC3M
7HJ
ENGLAND
TEL:
44-20 722 09 590
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NEW YORK REPRESENTATIVE OFFICE
CENTRAL BANK OF THE REPUBLİC OF TURKEY
TURHISH CENTER, 821 UNITED NATIONS PLAZA 7 F
NEW YORK, NY 10017-3520
USA
TEL: 1-212-682 87 17-18
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TOKYO REPRESENTATIVE OFFICE
CENTRAL BANK OF THE REPUBLİC OF TURKEY
TOKYO GINKO KYOKAI BUILDING 17 F,
3-1 MARUNOUCHI, 1-CHOME
CHIYODA-KU, TOKYO 100-0005
JAPAN
TEL:
81-3-52938765
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