Banks have increased the interest rates they apply for automatic payment orders.
The service fee, which was previously 2 TL, has increased to 2.5 TL with the new regulations. This increase, which varies from bank to bank, occurred at rates ranging from 2.49 to 4.42 percent.
Citizens were informed of these increases via informational messages sent to their mobile phones. Those who continue to place automatic payment instructions will face additional costs due to the new rates.
This situation will create an additional financial burden, especially for consumers trying to cope with high incoming bills.
According to data released by the Banking Regulation and Supervision Agency (BDDK), banks’ commission income increased by 158 percent in the first month of this year compared to the same period last year.
Banks announced these new regulations to citizens via SMS and websites.
Significant Increase in Additional Charges for Invoices
For example, the additional fee to be paid for a 1000 TL bill varies between a minimum of 24.9 TL and a maximum of 44.2 TL, excluding taxes. When taxes are included, a transaction interest of 42.31 TL is calculated for a 953 TL bill and 5.23 TL for a 118 TL bill. These additional costs are likely to strain consumers’ budgets even more. It is also stated that there may be new increases in these amounts in the future.
The increase in interest rates applied by banks on automatic payment orders may lead consumers to consider alternative payment methods.
The Foreign Citizens Advice Centre in Kusadasi offer a free bill paying service – e-mail us on: info@theegeeye.com for more information. However, users will need to manage their budgets carefully to cope with these new costs. https://www.haberaydin.com/
