FAST
FAST Limit Raised to 50,000 TL
The upper limit for FAST transactions, which enable fast money transfers between banks, was raised to 50,000 TL per transaction as of 21 December 2023.
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Credit Card
What are the requirements for getting a credit card?
A credit card is one of the most important payment tools in our lives. Of course, certain criteria must be met to be eligible for one. So what are the minimum requirements for getting a credit card?
Credit Card
Do I Pay an Extra Fee If I Exceed My Credit Card Limit?
If you exceed your limit by no more than 20% and close it in the next statement period, no more than twice a calendar year, only contractual interest is charged on the excess amount. You pay no additional fee.
EMV
What Is an EMV Issuer Script?
An EMV Issuer Script is a system that lets the issuer (the institution that issues the card) update and change the parameters and values on the card chip while it remains in use, reducing fraud over the card's lifetime.
FAST
What Criteria Must a Transaction Meet to Be Made Through FAST?
The FAST system went live at 20 banks on 8 January, and its transaction limit was set at 500 TL on 21 January, rising to 1,000 TL from 28 January. Here are the criteria a transfer must meet to be processed through FAST.
Payment Systems
PIN-Free Contactless Payment Limit Rises to 2,500 TL
An official BRSA letter to banks announced an update to the PIN-free contactless payment limit. From January 15, 2026, contactless payments of up to 2,500 TL can be made without entering a PIN, up from the current 1,500 TL.
Credit Card
Can My Credit Card Limit Be Reduced Without My Permission?
Yes. Your credit card limit can be reduced without your permission and approval. Banks may set a lower limit as a result of updates based on a person's economic and social situation, credit score and similar information.
Credit Card
What Happens If I Don't Pay the Minimum Payment on My Credit Card by the Due Date?
If you miss the minimum payment three times in a calendar year, your card is closed to cash use; if you miss it three times in a row, it is closed to both cash use and purchases until the full debt is paid.
Laws & Regulations
What Is the Regulation on Bank Cards and Credit Cards? What Does It Contain?
The purpose of the Regulation on Bank Cards and Credit Cards is to set the procedures and principles for issuing and using bank and credit cards and for the activities of institutions in the card payment system.
FAST
What Are the Advantages of the FAST System?
The FAST system will bring significant convenience and speed to payments and money transfers. Here are its advantages for citizens and businesses, from Easy Address transfers to risk-based limits.
FAST
FAST Transaction Limit Raised, FAST Begins to Be Used in Shopping
Current information: this post describes the limit as it stood when published. The CBRT's press release No. 2022-13 of 14 February 2022 announced a higher FAST limit and FAST payments in shopping through TR QR Code.
Credit Card
What Products and Services Does KKB Offer Directly to Members?
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.