STATEMENT EXPLANATIONS

EXPLANATORY NOTES

Minimum Payment Amount is the minimum amount due and payable as of the last payment date. Minimum payment amount shall be determined within the frame of the principles set forth in the Regulation on Bank Cards and Credit Cards.

For each card, you only have single currency statement option. Accordingly, unless you demand a change therein, our Bank will continue sending you a TL account statement even for your international spendings.

Expenditures paid by credit cards abroad are reflected onto the statement in TL, USD or Euro in the option and upon demand of the customer, while cash advances used abroad in foreign currency will be inserted into the account statement in Turkish Lira regardless of the customer’s choice as to currency of the statement. If the customer’s choice as to currency of statement is TL or in case of cash advances to be posted into the account statement in TL, expenditures incurred in foreign countries the currency of which is not USD will first be converted into USD over the relevant then-current credit card FX transactions exchange rate, while expenditures incurred in USD will be reflected onto the account statement in TL over the relevant then-current credit card FX transactions exchange rate valid as at the date of reflection onto the Bank, and if the customer’s choice as to currency of account statement is USD, expenditures incurred in foreign countries the currency of which is not USD will be reflected onto the account statement in USD over the relevant then-current credit card FX transactions exchange rate, and if the customer’s choice as to currency of account statement is Euro, expenditures incurred in USD or USD equivalent sum of expenditures in a non-USD currency will first be converted into TL over Akbank’s then-current exchange selling rate, and then will be reflected onto the account statement in Euro over the relevant then-current credit card FX transactions exchange rate, and if the customer’s choice as to currency of account statement is USD/Euro, expenditures incurred in USD will be reflected onto the account statement in USD, and expenditures incurred in Euro will be reflected onto the account statement in Euro, and expenditures incurred in neither USD nor Euro will be reflected onto the account statement in USD over the relevant then-current credit card FX transactions exchange rate. You may retrieve Akbank’s current credit card FX transactions exchange rates via here.

If and to the extent the full amount of balance of a foreign currency statement is not paid up to the last payment date, the remaining sum of debts will first be converted into TL over Akbank’s exchange selling rate valid as of the cut-off date of TL statement and then be transferred to TL statement, and interest is accrued over the daily balances starting from the cut-off date of TL statement.

If your foreign currency statement shows a credit balance, then, after the last payment date, a portion of credit balance of your foreign currency statement adequate to meet and settle the unpaid minimum payment amount of your TL statement will be transferred to your TL statement over Akbank’s then current exchange rate valid as of the date of transaction. Out of the payments made for your foreign currency statement after its last payment date, first of all, expenditures incurred during the relevant period will be recovered and collected. In addition, interest will be accrued thereon as specified above. Akbank’s current exchange rates are announced and published in www.akbank.com web address.

Chip-money is the amount you are going to gain at Axess merchants at varying rates and then you may use them for free shopping at Axess merchants.

FEES, COMMISSIONS, TAXES, FUNDS AND INTERESTS

Contractual Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be accrued if you make a payment in an amount less than your outstanding debt of the period. As of 18 October 2018, for transactions in Turkish Lira currency, maximum contractual interest rate per month is 2.25%, while maximum delay interest rate per month is 2.75%.

Delay Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be accrued if you make a payment in an amount less than the minimum payment amount of your outstanding debt of the period or you do not make any payment whatsoever.

Limit Excess Interest

It is the contractual interest to be accrued over the amount in excess for the period between the date of transaction and the date of actual payment if and to the extent the primary card and/or additional card holders exceed their card limits.

Cash Advance Withdrawal Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be applied on all transactions considered and treated as a cash advance withdrawal. This interest is calculated and applied starting from the date you utilize a cash credit.

Cash Advance Withdrawal Fee

It is calculated and applied as 9 TL and 3.75% of the amount withdrawn in Akbank channels; and as 11 TL and 3.75% of the amount withdrawn in other local banks; and as 11 TL and 3.75% of the amount withdrawn abroad.

Installment Advance Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be applied on all Installment Advance transactions. This interest is calculated and applied starting from the date of installment advance transaction.

Quick Money Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be applied on all Quick Money transactions. This interest is calculated and applied starting from the date of Quick Money transaction.

Installment Debt Transfer Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be calculated over your credit card debts transferred from other banks.

SMS Money Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be applied on all SMS Money transactions. This interest is calculated and applied starting from the date of SMS Money transaction.

“Request Installment” Interest Rate

It is a net interest rate applied per month, excluding taxes and funds, to be applied upon subsequent division of in advance spendings into installments. This interest is calculated and applied starting from the date of “Request Installment” transaction. “Want Installments” interest rate is 2.25%.

“Request for Postponement” In Advance Interest Rate

In advance interest is calculated at the following rates over the postponed amount of debts, and is reflected onto the first statement to be issued. In advance interest rate is 3.25% for a postponement of 1 month, or 4.30% for a postponement of 2 months, or 5.33% for a postponement of 3 months over the postponed amount of debts.

Bill Payment Fee

Against instant / one-time bill payments, a fee of 1 TL is charged in Akbank Direct Internet channel, or a minimum fee of 2 TL or a maximum fee of 5 TL is charged in Akbank Branches, depending on the corporate contracts. No fee is charged in instant / one-time invoice payments for Turkcell, Türk Telekom, Vodafone and Superonline bills.

EFT / Remittance Transaction Fee

A fee equal to 3.75% of the transaction amount and 9 TL per transaction is charged against instant and instructed EFT and Remittance transactions via credit card.

Social Security Agency Premium Payment Fee

A transaction fee equal to 1.5% of the payment amount is charged against Social Security Agency (SSA) premium payments below 500 TL made instantly by credit card; and equal to 2% of the payment amount is charged against SSA premium payments equal to or above 500 TL; and equal to 1.3% of the payment amount is charged against SSA premium payments below 500 TL made regularly; and equal to 1.6% of the payment amount is charged against SSA premium payments equal to or above 500 TL made regularly. And a transaction fee equal to 1.25% of the payment amount is charged against SSA premium payments made via sgk.gov.tr website address.

PTT Online Payment Fee

A transaction fee of 1.24 TL is charged for each credit card payment made through PTT online branches. And in addition Resource Utilization Support Fund and Banking and Insurance Transactions Tax are also charged as per legal requirements.

Card Fee

It is the annual subscription fee charged over Wings primary and supplementary credit cards. Supplementary card fee is reflected as a debt onto the account statement in the same period with the primary card fee. For detailed information about current Wings card fees, you may visit our Interests and Fees page.

Lost & Stolen Card Renewal Fee

If your card is lost or stolen, a fee of 8 TL is charged for the new card printed. It is charged starting from the 3rd renewal.

DICTIONARY

Kart Numarası: Card Number
Dönem Borcu: Statement Debt
Son Ödeme Tarihi: Last Payment Date
En Az Ödeme Tutarı: Minimum Payment Amount
Ekstre Dönemi: Statement Period
Hesap Kesim Tarihi: Statement Cut-off Date
Bir Sonraki Hesap Kesim Tarihi: Next Statement Cut-off Date
Bir Sonraki Son Ödeme Tarihi: Next Statement Last Payment Date
Kart Limit: Credit Card Limit
Kullanılabilir Kart Limiti: Avaliable Credit Card Limit
Toplam Nakit Avans Limiti: Total Cash Advance Limit
Müşteri No: Customer Number
Şube Kodu / Hesap No: Branch Code / Account Number
Akdi Faiz Oranı: Contractual Interest Rate
Gecikme Faiz Oranı: Delay Interest Rate