What is an Instant Daily Account?
With its special current account feature, it allows our Customers to conduct all banking transactions for their daily needs during the day, while also allowing them to receive returns by automatically evaluating a portion of their balance in the promise product at 16:00 on a daily basis without the need for any transactions.
Features:
- The account is only opened in TRY currency through our Branches.
- The account is opened with a balance of 0. There is a minimum and maximum balance control for dividends. Funds must be transferred to the Instant Daily Account by 16:00 during the day in order for the account to be eligible for profit. Any balance above or below the lower limit will not be subject to profit.
- The balance in the Instant Daily Account at 16:00 is allocated according to the balance scale specified below, a portion of which, as indicated in the table, is left in the Instant Daily Account with current account features, while the other portion is transferred to a sale transaction with repurchase commitment (promise) for daily profit.
- The profit is calculated based on the rate corresponding to the relevant balance scale and the balance going to the promise transaction.
- A withholding rate of 15% is applied to the promise balance.
- You can perform all banking transactions such as withdrawals and deposits to the account as frequently as you want during the day using the balance in the account.
- You can deposit money to the Instant Daily Account 24/7. For deposits after 16:00 (after the relevant amount has been transferred to the promise), the dividend earnings shall be subject to a new transaction for one business day later.
- When the promise balance is locked at 16:00, the balance subject to the promise transaction cannot be withdrawn until the next business day. The promise balance is transferred back to the Instant Daily Account at 07:00 am on the next business day along with the profit.
*Our Bank is authorized to change the profit rate to be obtained from the sale transaction with repurchase commitment or the conditions specified in our Instant Daily Account product.
| Breakdown of Amounts Subject to Returns | Lower Limit to Remain as Current (TL) | Amount Subject to Promise Transaction(TL) | Rate of Returns for Promise % |
|---|---|---|---|
| 10.000-20.000 | 5.000 | Remaining Balance | 40% |
| 20.001-50.000 | 7.500 | Remaining Balance | 40% |
| 50.001-100.000 | 10.000 | Remaining Balance | 40% |
| 100.001-250.000 | 12.500 | Remaining Balance | 40% |
| 250.001-500.000 | 25.000 | Remaining Balance | 40% |
| 500.001-1.000.000 | 35.000 | Remaining Balance | 40% |
| 1.000.001-2.000.000 | 75.000 | Remaining Balance | 40% |
| 2.000.001-8.000.000 | 100.000 | Remaining Balance | 40% |
| 8.000.001-10.000.000 | 300.000 | Remaining Balance | 40% |
| 10.000.001-20.000.000 | 500.000 | Remaining Balance | 41% |
| 20.000.001-50.000.000 | 1.000.000 | Remaining Balance | 41% |
Channels for Instant Daily Account Opening
Currencies Available for Account Opening
