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ARTICLE · 22 APRIL 2020

Updates To Turkish Bank Fees And Commissions Limits

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The Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees That Banks Can Charge to Corporate Clients published on the Official Gazette No. 31035 dated February 10, 2020...

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Umur Güçlü
Umur Güçlü
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Recent Developments

The Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees That Banks Can Charge to Corporate Clients published on the Official Gazette No. 31035 dated February 10, 2020 ("Communiqué") was updated in several aspects.

What's New? 

  • The products and services offered by the banks in which İstanbul Takas ve Saklama Bankası A.Ş. holds the majority of the shares and Turkish banks' branches, ATMs and similar transaction points  abroad are excluded from the scope of the Communiqué. Accordingly, the fees charged by these parties will not be subject to the Communiqué's restrictions.
  • Fees that are not publicly notifiable due to their nature but are determined according to the clients or the transactions may be exempted from the obligation to announce them on banks' websites and notification to the Central Bank of the Republic of Turkey ("CBRT"), if the CBRT deems it appropriate.

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