ATM screen prompting a credit card cash withdrawal transaction

You can withdraw cash from an ATM using your credit card by accessing your account. The prerequisite for this is that a current account must be linked to your card.

If no current account is linked to your card, you can only view very limited functions (exchange rate information, interest rates, etc.).

In order to carry out a transaction through the current account linked to your card, the following conditions must be met:

  • The card status must be Active
  • The daily transaction limit must not be exceeded (for example, if the daily ATM cash withdrawal limit is 1500 TL, a maximum of 1500 TL can be withdrawn on the same day.)
  • The card's PIN must be entered correctly
  • The account on which the transaction is performed must not be blocked
  • There must be a sufficient balance in the account.

Cash withdrawal from a credit card

What is described above is withdrawing money from the checking account linked to the credit card. Apart from this, credit cards also have a cash advance feature. A cash advance means withdrawing cash from the credit card's limit through an ATM. This transaction is not a purchase; it is a form of short-term borrowing.

The cost of a cash advance

Cash advance transactions generally involve the following costs:

  • Interest accrued from the day of withdrawal
  • The cash advance fee charged by the bank
  • Related taxes

For this reason, unlike purchases, a cash advance does not benefit from an interest-free period. It is recommended to check the cost with the bank before using it to meet a cash need.

Cash advance limit

A separate limit is defined for cash advances on credit cards. This limit is generally lower than the card's total limit. In addition to their own bank's ATMs, cardholders can also withdraw cash advances from other banks' ATMs, although an additional fee may apply in this case.

Cash withdrawal abroad

For cash withdrawals made from ATMs abroad, currency conversion and fees charged by the ATM owner may also apply. Before traveling, you should make sure that your card's international usage authorization is active.