COMMUNIQUÉ ON PROCEDURES AND PRINCIPLES REGARDING FEES THAT MAY BE COLLECTED BY BANKS FROM COMMERCIAL CUSTOMERS (NUMBER: 2020/4)

(As updated by the Communiqué No. 2026/5 published in the Official Gazette dated 31/1/2026 and numbered 33154)

PART ONE

General Provisions

CHAPTER ONE

Purpose, Scope, Basis and Definitions

Purpose

ARTICLE 1 – (1) The purpose of this Communiqué is to determine the types and characteristics of the fees that may be collected in return for the products or services offered, and their maximum amounts or rates, and the procedures and principles relating thereto, in order to increase predictability and transparency in transactions that banks will carry out with their commercial customers, to ensure unity of concepts and terms, and to prevent excessive charging.

Scope

ARTICLE 2 – (1) This Communiqué covers the fees that may be collected from products and services offered by banks to commercial customers, excluding financial institutions.

(2) Fees that may be collected in connection with rediscount and advance loans originating from the Central Bank and extended through banks are outside the scope of this Communiqué. Fees that banks engaged exclusively in offshore banking, Türkiye İhracat Kredi Bankası A.Ş., İstanbul Takas ve Saklama Bankası A.Ş., and banks in which the Savings Deposit Insurance Fund holds the majority of shares may collect in return for the products and services they offer are not subject to the provisions of this Communiqué.

(3) Banks' branches, ATMs and similar transaction points located abroad are outside the scope of this Communiqué.

Basis

ARTICLE 3 – (1) This Communiqué has been prepared based on the Banking Law dated 19/10/2005 and numbered 5411 and the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions dated 20/6/2013 and numbered 6493.

Definitions

ARTICLE 4 – (1) In the implementation of this Communiqué;

a) ATM: Electronic transaction devices that enable all or part of other banking transactions to be carried out in addition to automatic cash withdrawal transactions,

b) Bank: Banks defined in Article 3 of the Banking Law dated 19/10/2005 and numbered 5411,

c) Associations: The Banks Association of Türkiye and the Participation Banks Association of Türkiye, ç) EFT transactions: Payment transactions carried out using the Electronic Funds Transfer System owned by the Central Bank,

d) FAST transactions: Payment transactions carried out using the Instant and Continuous Transfer of Funds System owned by the Central Bank,

e) Account-to-account merchant payments: Transactions in which the price of goods and services is collected by FAST transactions or wire transfer within the scope of the contract made by the commercial customer with the bank,

f) Permanent data storage device: Any kind of tool or medium such as short message, electronic mail, internet, disk, CD, DVD, memory card and the like that enables the information sent by or sent to the commercial customer to be recorded in a manner that allows it to be examined for a reasonable period of time in accordance with its purpose and to be copied without modification, and that allows access to this information as it is,

g) Financial institution: Banks and companies defined in Article 3 of the Financial Leasing, Factoring, Financing and Savings Finance Companies Law dated 21/11/2012 and numbered 6361,

ğ) Central Bank: Türkiye Cumhuriyet Merkez Bankası Anonim Şirketi,

h) POS: Any kind of hardware or software used by member merchants to mediate the approval for payment of the price of goods and services or cash withdrawal without using cash,

ı) Reference rate: The rate calculated by taking into account the lower of the rate calculated over the weighted average flow interest rate applied by banks to all types of Turkish lira deposits opened with a maturity of 32-45 days and the rate calculated by increasing the policy rate determined by the Central Bank by ten percent, and announced in a manner not exceeding the maximum limit set out in the third paragraph of Article 20/A of this Communiqué,

i) Commercial bank card: Any kind of card or card number without physical existence that enables commercial customers to benefit from banking services, including the use of deposit accounts or special current accounts,

j) Commercial credit card: Any kind of printed card or card number without physical existence that provides commercial customers with the opportunity to purchase goods and services or withdraw cash without the need to use cash,

k) Commercial card: Commercial bank card and commercial credit card,

l) Commercial customer: Persons resident in Türkiye, excluding financial consumers defined in Article 4 of the Communiqué on Procedures and Principles Regarding Fees to be Collected from Financial Consumers (Number: 2020/7) published in the Official Gazette dated 7/3/2020 and numbered 31061, to whom products or services are offered by banks,

m) Fee: Any kind of amount and rate, including fees, expenses and commissions, requested from commercial customers other than interest, profit share and tax, fund and similar legal expenses,

n) Member merchant: Member merchants defined in Article 3 of the Bank Cards and Credit Cards Law dated 23/2/2006 and numbered 5464,

means.

CHAPTER TWO Principles Regarding Information and Charging

Information principles

ARTICLE 5 – (1) The maximum tariff and other current information regarding the fees that may be collected from commercial customers are announced by banks on their websites in a clear, understandable and easily accessible manner. If there is a change in the announced information, the website is updated by also including the date on which the change was made.

(2) Banks' information regarding fees is published by the Associations on the website in a manner that can be accessed collectively.

(3) Except for the fees for which a maximum limit has been set by this Communiqué, if there is a change in the maximum tariffs regarding the fees that may be collected from commercial customers, these changes are notified to the Central Bank within the framework of the principles to be determined by the Central Bank before they are put into practice. No fee may be collected above the notified maximum tariffs.

(4) In the event that the Central Bank deems it appropriate, fees that may be charged in return for special products and services within the scope of the categories in the annex of this Communiqué and for products and services outside the said categories, which by their nature cannot be publicly announced and are determined specifically for the customer/transaction, may be exempted from the announcement and notification obligations under the first, second and third paragraphs.

(5) In contracts to be concluded with commercial customers, an information form must be prepared to include the name and description of the fee items to be collected in return for the products and services to be offered within the scope of the contract, and their maximum and, if any, minimum tariff. The information form is an integral part of the contract. The information form is sent to the commercial customer in writing or through a permanent data storage device.

(6) Before a product or service is offered by the bank, it is mandatory to inform the commercial customer about the fee amount to be collected, using methods and tools appropriate to the structure of the channel through which the transaction is carried out. If these transactions are carried out at the branch, in order to fulfill the information obligation, it is sufficient for the receipt or transaction slip given after the transaction to be signed by the commercial customer. For fees to be charged in return for standard products and services for which the same fee will be applied for a certain period of time, it is sufficient for the aforementioned information to be provided only before the first product and service is offered, and during this period, no separate notification is required before the offering of the products and services.

(7) Fee information is clearly included on the transaction slip. The transaction slip, statement, contract and other documents related to the information to be given at the time of the transaction cannot be charged separately, however, amounts paid to third parties may be collected. In the pricing of documents related to information to be given retroactively upon customer request outside the time of the transaction, the provisions of Article 18 shall apply.

(8) In transactions carried out by commercial customers who do not have an account at the bank, the information regarding the fee is provided at the time of the transaction in a manner appropriate to the channel through which the transaction is carried out. If these transactions are carried out at the branch, in order to fulfill the information obligation, it is sufficient for the receipt or transaction slip given after the transaction to be signed by the customer.

(9) Banks cannot charge fees for notifications made without obtaining the approval of commercial customers. The fee to be charged for notifications made with the approval of the commercial customer cannot exceed the amount paid to third parties. For notifications and transactions that are required to be made in a certain way pursuant to the relevant legislation, a fee may be charged up to their costs.

(10) The burden of proof that the obligations regarding the information of the commercial customer have been fulfilled belongs to the banks.

Principles regarding fees

ARTICLE 6 – (1) The fees that banks may charge commercial customers in return for the products and services they will offer within the scope of the commercial loans, foreign trade, cash management and payment systems categories are specified in Annex-1. Banks may freely determine the fees for the fee items in Annex-1 for which no limitation has been imposed. The definitions and scopes of these fees are regulated by the Central Bank through instructions. For the said categories, apart from the fees in Annex-1, no fee may be charged under any other name for products or services that, by their nature, must be offered within the scope of these categories, however, amounts that have to be paid to third parties may be reflected to the commercial customer exactly as they are. Participation banks may use the terms financing, profit rate and fund collection instead of the terms credit, interest and deposit in the fees in Annex-1, respectively.

(2) Provided that they are related to the characteristics of the items in Annex-1, sub-items may be created by the Associations, with the favorable opinion of the Central Bank, in order to be able to apply different pricing for the same characteristics but due to different transaction processes. The maximum fees and limitations set for the relevant items within the scope of the Communiqué and the maximum fees announced by the banks within the framework of Article 5 of the Communiqué are also valid for the sub-items. In the event that the sub-items are collected together, the total of the fees collected cannot exceed the maximum fee determined for the relevant item. The Associations are obliged to announce and inform with which of the items in Annex-1 these sub-items are related.

(3) Banks may offer paid special products or services within the framework of the contracts they will conclude with commercial customers, provided that they are evaluated within the categories in Annex-1 but are not of the same nature as the listed fee items, by obtaining approval directly or through the Associations from the Central Bank.

(4) In order to create a new fee within the scope of the categories in the first paragraph other than the fees in Annex-1, an application is made to the Central Bank through the Associations.

(5) Except for cases where the commercial customer waives, in the event that the product or service cannot be offered for any reason, no fee other than the amounts paid by the bank to third parties and, if the product or service is provided from within the bank, a reasonable fee proportional to the transactions carried out up to that point, may be charged, and the fees that have been collected are refunded.

(6) The fees that may be charged for packages that allow the offering of more than one product or service together cannot exceed the total of the announced maximum fees that could be charged if the products or services in the package were offered separately. Products or services for which a limitation has been imposed within the scope of the Communiqué cannot be included in any package content. In the event that a limitation is imposed for a product or service included in the package content, the said product or service is removed from the scope of the package within at most three months from the date the limitation enters into force.

Amendment of fees

ARTICLE 7 – (1) Increases to be made in the fees specified in the contract or the information form annexed thereto shall be notified to the commercial customer in writing or through a permanent data storage device at least two business days before they begin to be applied. Increases to be made in the fees to be charged in return for standard products and services for which it has been notified that the same fee will be applied for a certain period as regulated in the sixth paragraph of Article 5 shall be notified to the commercial customer at least two business days in advance by appropriate methods and means. Increases shall not be applied to past periods.

(2) The monetary limits and maximum fees set as fixed amounts in this Communiqué shall be increased each year by the Central Bank at the rate of increase of the annual consumer price index announced by the Turkish Statistical Institute as of the end of the previous year, and shall be notified to banks on the first business day following the announcement of the said rate.

PART TWO

Special Provisions Regarding Products or Services

CHAPTER ONE

Commercial Loans

Fees relating to commercial loans

ARTICLE 8 – (1) Under the commercial loans category, the fees that banks may charge to commercial customers for cash loans and non-cash loan utilizations within the scope of foreign trade transactions, other than letters of credit and bank acceptance and aval, throughout the period from the establishment of the loan relationship until the closing of the said loan are regulated.

(2) Fees charged in return for loans extended under special loan agreements or additional agreements and protocols to the general loan agreement for project finance, acquisition and merger finance, privatization finance and structured finance and their refinancing shall not be evaluated within the scope of the commercial loans category.

Loan allocation and loan utilization

ARTICLE 9 – (1) Banks shall classify loan allocation and loan utilization processes as two separate sub-items. The loan allocation fee shall be charged in return for all loan limits that may create credit risk, including all non-cash loans within the scope of foreign trade and commercial credit cards. The loan allocation fee may not exceed 0.20 percent of the allocated loan limit. In cases where the limit is increased, a new loan allocation fee may be charged on the additional limit. As long as the request for limit allocation or renewal does not come from the commercial customer, a loan allocation fee may not be charged. The maximum loan allocation fee shall be annual and shall be applied proportionally taking into account the number of months of the allocated limit period.

(2) The loan utilization fee may be charged only on cash loans and may not exceed 1.10 percent of the loan utilized. For revolving loans, the said maximum rate shall be applied annually over the average loan utilization balance. The utilization fee for revolving loans shall be accrued at period ends over the average loan utilization balance of the relevant period, and for other cash loans at each utilization. For loan utilizations with a maturity of less than one year, the maximum loan utilization fee shall be applied proportionally by taking into account the number of days of maturity and reducing proportionally.

(3) The limitations set forth in the second paragraph of this article shall apply to Turkish lira cash loans. The loan utilization fee that may be charged on cash loans other than these may be freely determined.

Collateralization

ARTICLE 10 – (1) The fee that may be charged for pledges and mortgages on movable and immovable property and appraisal transactions to be carried out during the period from the allocation of the loan until its closing may not exceed fifteen percent of the amount paid by banks to third parties, and in cases where the service is provided within the bank, the reasonable cost of the service.

Closing

ARTICLE 11 – (1) In cases where one or more installment payments of the loan are made before maturity or part or all of the loan debt is repaid early, the bank may request an early repayment fee from the commercial customer.

(2) In cases where the commercial customer makes one or more installment payments before maturity or repays part or all of the loan debt early, the bank is obliged to make discounts regarding all interest and other cost elements that have not accrued based on the amount repaid early.

(3) In cases where the commercial customer requests early repayment for the entire loan, the bank is obliged to accept this request. From this customer, over the amount calculated by making the necessary discounts regarding interest and other cost elements and repaid early to the bank by the customer; for fixed-interest Turkish lira loans, an early repayment fee may be charged not exceeding the rate calculated with the formula determined by the Central Bank by Communiqué, based on the loan interest rate and the remaining weighted average maturity, and for fixed-interest foreign currency or foreign currency-indexed loans, based on a fixed rate and the remaining weighted average maturity. For variable-interest loans, an early repayment fee may be charged up to two percent of the amount repaid early.

CHAPTER TWO Foreign Trade

Fees relating to foreign trade

ARTICLE 12 – (1) Under the foreign trade category, the fees that banks may charge to commercial customers in return for non-cash loans provided within the scope of export and import transactions and all other products and services are regulated.

CHAPTER THREE Cash Management

Fees relating to cash management

ARTICLE 13 – (1) Under the cash management category, the fees that banks may charge in return for services such as account services that enable commercial customers to control and monitor their cash positions, cash deposits and withdrawals, money transfers, and products and services related to payment and collection that help them manage their cash flows and may also include lending are regulated.

Deposit, participation fund and precious metal deposit accounts

ARTICLE 14 – (1) No fee may be charged for the operational processes incurred in the opening transactions of deposit, participation fund and precious metal deposit accounts opened by commercial customers and within the scope of the operation of the accounts, keeping the accounts ready for operation, providing safekeeping services and information processing system investments.

(2) Except for deposit transactions carried out through the branch channel after 15.30, no fee may be charged under the name of deposit for deposit transactions made by a commercial customer himself or a third party into his deposit and participation fund account.

(3) No fee may be charged for a commercial customer's limit/debt/balance inquiry with or without a card from ATMs belonging to the bank where his account is held, and for cash withdrawal transactions within the limits determined in the contract between him and the bank.

(4) The fee that may be charged for transactions carried out using methods and instruments outside the bank's own structure cannot exceed fifteen percent more than the amount paid to the other institution in return for the transaction.

Money and precious metal transfers

ARTICLE 15 – (1) The fee that may be charged for EFT transactions cannot exceed 1 TL for transactions made through mobile banking applications and internet banking and for regular payments, 4 TL for transactions made from ATMs, and 5 TL for transactions made through other channels, if the transaction amount is 1.000 TL or less. If the transaction amount is between 1.000 TL and 50.000 TL, these limits are applied as 2 TL, 8 TL and 10 TL respectively, and if the transaction amount is above 50.000 TL, these limits are applied as 25 TL, 50 TL and 100 TL respectively1 .

(2) (Repealed: Official Gazette-25/11/2023-32380)

(3) The maximum fees to be applied in money transfer transactions are applied at half the rate of the relevant fees, subject to the distinctions specified in the first paragraph of this article.

(4) In money transfer transactions made separately on the same day to the same account, name or card from the same account, name or card, which limit bracket the EFT, FAST and money transfer fee to be charged will correspond to may be determined over the total amount transferred. The fees charged for transactions that are charged within the lower limit bracket among the transactions carried out in this way are taken into account when determining the additional fees that may be charged due to the total amount falling within the upper limit bracket.

[1] Pursuant to the second paragraph of Article 7 of the Communiqué, as of 6/1/2026; the maximum fee that may be charged for EFT transactions is applied as specified in the table below. The maximum limits for money transfer and FAST transactions are also applied in line with the updated amounts within the framework of the provisions in the third and seventh paragraphs of this article, respectively.

EFT	8.300 TL and Below	8.300,01-399.000 TL	Above 399.000 TL
Mobile/Internet/Regular Payment	7,97	15,96	199,41
ATM/Kiosk	27,84	55,69	398,83
Other	39,87	79,76	797,68

(5) The fee to be charged for precious metal transfer transactions cannot exceed fifteen percent more than the transfer fee determined per transaction by the institution operating the transfer system.

(6) In money transfer and precious metal transfer transactions, in cases where a refund is required due to the customer's error, no fee may be charged from the customer other than the amounts paid to third parties.

(7) The fee that may be charged in return for FAST transactions is subject to the maximum fee limitations specified in the first paragraph of this article.

(8) No fee may be charged from the sender in account-to-account merchant payments.

Safe deposit box

ARTICLE 16 – (1) A safe deposit box fee may be charged in return for the services determined by the contract concluded between the commercial customer and the bank.

(2) No fee may be charged for visiting the safe deposit box.

(3) The safe deposit box deposit amount cannot exceed the one-year rental fee of the rented safe deposit box. In the event that the safe deposit box service ends, any damage caused by the commercial customer regarding the safe deposit box, unpaid rental fees and other debts arising from the safe deposit box contract are deducted from the deposit fee and the remaining amount is refunded.

Intermediary services

ARTICLE 17 – (1) In intermediary transactions for the collection of invoices and similar payments of third parties, no fee may be demanded from the commercial customer making the payment. Banks may demand a fee from the party whose collections are intermediated in such transactions.

Document and information

ARTICLE 18 – (1) In the event that commercial customers request a copy of the contract, transaction slip and similar documents, only the amounts that have to be paid to third parties may be charged for the first year after the date of issuance of the relevant document. In the event that more than one year has passed since the date of issuance of the relevant document, a reasonable fee may be charged, provided that the commercial customer is informed, in proportion to the transaction carried out.

(2) The fee that may be charged for the commercial customer's printed statement requests cannot exceed the amount paid by banks to third parties, or, if the service is provided within the bank, the reasonable cost of the service.

FOURTH CHAPTER

Payment Systems

Fees related to payment systems

ARTICLE 19 – (1) Under the payment systems category, the fees that may be charged by banks in return for all kinds of services provided to member merchants and products and services related to commercial cards are regulated.

Member merchant fees

ARTICLE 20 – (1) In installment-free goods and service purchases made with a credit card, if the transaction amount is transferred to the member merchant's free use the next day, the member merchant fee to be applied cannot exceed the monthly reference rate increased by 0,45 points. The maximum member merchant fee is applied by being updated as of the first day of the month following the announcement date of the reference rate. In goods and service purchases made with a debit card, if the transaction amount is transferred to the member merchant's free use the next day, the member merchant fee to be applied cannot exceed 1,04 percent.

(2) In transactions where cards issued abroad are used, if the transaction amount is transferred to the member merchant's free use the next day, the maximum member merchant fee to be applied cannot exceed 1,90 percent.

(3) In installment goods and service purchases, the maximum member merchant fee is applied by adding at most fifty percent of this fee for each installment to the maximum member merchant fee applicable in installment-free transactions.

(4) In card practices where payment periods are deferred by accepting cards designed for a targeted customer base such as the agricultural sector within the framework of special agreements made between banks and member merchants, the periods during which the cardholder's payments are deferred without interest are determined in months and are taken into account as a multiplier in the calculation of the maximum member merchant fee that may be requested from the member merchant for credit card transactions. The maximum member merchant fee is calculated by multiplying the number of months by the maximum fee applicable to non-installment transactions.

(5) If the transaction amount is not transferred to the member merchant's free use on the next day, the said maximum member merchant fee is reduced by taking into account the number of days remaining between the day following the transaction date and the date on which the transaction amount passes to the member merchant's free use. In non-installment transactions made with a credit card, the period within which the transaction amount will pass to the member merchant's free use cannot exceed forty days from the day following the transaction date, and in transactions made with a bank card, it cannot exceed fifteen days.

(6) If the transaction amount is transferred to the member merchant's free use upon the member merchant's request before the date determined by the parties, the maximum block release fee that may be collected from the member merchant cannot exceed the ratio calculated by multiplying the ratio of the remaining number of days for which the block should be maintained according to the agreement to the maximum number of block days by the maximum member merchant fee.

(7) Apart from the fees collected to be transferred to the cardholder with the approval of the member merchant, no fee other than the member merchant fee may be collected from the member merchant over the amount of goods and services.

(8) Within the scope of this Communiqué, the regulations and restrictions envisaged for the transfer of the transaction amount to the member merchant's free use in purchases of goods and services made with a bank card shall also apply to account-to-account merchant payments, except for the condition regarding the transfer of the transaction amount on the next day.

(9) The regulations and restrictions envisaged for the transfer of the transaction amount to the member merchant's free use in purchases of goods and services made with a bank card shall also apply to prepaid cards.

Announcement of the reference rate

ARTICLE 20/A – (1) The reference rate is announced by the Central Bank on the fifth business day from the end of each month. However, if a Monetary Policy Committee Meeting is held in the same month after the fifth business day from the end of the relevant month, the reference rate is calculated and announced within the framework of the most up-to-date data as of the date the meeting is held.

(2) The reference rate calculated as of the announcement date is updated if it changes by more than five percent downwards or upwards from the most recently announced rate.

(3) The reference rate cannot exceed 3,11 percent.

Transactions made with commercial cards

ARTICLE 21 – (1) No over-limit fee may be collected from commercial credit cards.

(2) The fee collected in case of cash advance use cannot exceed one percent of the cash advance amount.

(3) No fee may be collected from commercial credit cards for services such as statement deferral, installment, extension of the last payment date and similar services.

(4) Banks are obliged to offer a type of commercial credit card for which they do not collect fees under the name of annual membership fee and similar names. In case applications for a free commercial credit card are rejected by banks, a commercial credit card with an annual membership fee cannot be given based on this application. Banks are obliged to apply the same evaluation criteria for a commercial credit card with an annual membership fee when determining the limit of a commercial credit card without an annual membership fee. No annual membership fee may be collected from commercial bank cards and virtual credit cards.

(5) The annual membership fee of each supplementary credit card offered linked to the main commercial card cannot exceed fifty percent of the annual membership fee of the main commercial card.

CHAPTER FIVE Miscellaneous and Final Provisions

Adaptation

ARTICLE 22 – (1) The provisions of the Communiqué shall also apply to contracts established before the effective date of the Communiqué with respect to transactions to be carried out after the effective date of the Communiqué.

PROVISIONAL ARTICLE 1 – (1) The reference rate shall be applied as 1,25 percent from 01/02/2022 to 28/02/2022. This rate shall also be taken as a basis between the same dates with respect to the first paragraph of Article 4 of the Communiqué on Maximum Interest Rates to be Applied in Credit Card Transactions (No: 2020/16) published in the Official Gazette dated 31/10/2020 and numbered 31290.

PROVISIONAL ARTICLE 2 – (1) The fees that banks may collect from financial institutions in return for the extension of loans set out in the provisional Article 3 of the Communiqué on Securities Facility (No: 2022/20) published in the Official Gazette dated 10/06/2022 and numbered 31862 are subject to the restrictions set out in Article 9 of this Communiqué.

PROVISIONAL ARTICLE 3 – (1) The reference rate shall be applied as 1,36 percent from 1/7/2023 to 31/7/2023 (inclusive). This rate shall also be taken as a basis between the same dates with respect to the Communiqué on Maximum Interest Rates to be Applied in Credit Card Transactions (No: 2020/16) published in the Official Gazette dated 31/10/2020 and numbered 31290 and the Communiqué on Securities Facility published in the Official Gazette dated 10/6/2022 and numbered 31862.

PROVISIONAL ARTICLE 4 – (1) The monetary limits and maximum fees determined as fixed amounts in this Communiqué for the year 2024 shall be determined by the Central Bank and notified to banks on the first business day following the announcement by the Turkish Statistical Institute of the year-end annual consumer price index for 2023.

PROVISIONAL ARTICLE 5 – (1) In loans extended before 1/3/2021, if the commercial customer requests early payment for the entire loan, the bank is obliged to accept this request. The early payment fee that may be collected from this customer for Turkish lira loans cannot exceed one percent for loans with a remaining maturity not exceeding twenty-four months and two percent for loans with a remaining maturity exceeding twenty-four months, of the amount calculated by making discounts related to required interest and other cost elements and paid early by the customer to the bank. In foreign currency or foreign currency-indexed loans, the said maximum fees shall be applied with an increase of one point.

(2) For loans extended from 1/3/2021 until 30/6/2024 (inclusive), if the commercial customer requests early repayment of the entire loan, the bank is obliged to accept this request. From this customer, an early repayment fee may be charged up to the amount calculated by making discounts regarding interest and other cost elements required for Turkish lira loans and adding, to two percent of the amount repaid early by the customer to the bank for loans with a remaining maturity not exceeding twenty-four months, and for loans with a remaining maturity exceeding twenty-four months, one percent for each year in the portion of the remaining maturity exceeding twenty-four months, to the amount calculated. In the calculation in question, periods in the portion of the remaining maturity exceeding twenty-four months are rounded up to a full year. For foreign currency or foreign currency-indexed loans, the maximum fee applicable to Turkish lira loans may be applied with an increase of one point.

Entry into force

ARTICLE 23 – (1) Articles 1 to 4, 15, 20 and 22 of this Communiqué enter into force on 1/3/2020, Article 11 on 11/3/2020, and its other provisions on 1/4/2020.

Execution

ARTICLE 24 – (1) The Governor of the Central Bank of the Republic of Turkey executes the provisions of this Communiqué.

Annex-1 Fees That May Be Charged to Commercial Customers

1. Commercial Loans

1.1. Loan Allocation and Loan Disbursement

1.1.1. Loan Allocation and Loan Disbursement Fee

1.1.2. Letter of Credit Standing/Intent/Reference Issuance Fee

1.2. Collateralization

1.2.1. Appraisal, Collateral Establishment, Amendment and Cancellation Fee

1.3. Credit Risk Process

1.3.1. Restructuring, Extension/Repayment Plan and Interest Change Fee

1.3.2. Commitment/Non-Compliance with Commitment Fee

1.3.3. Non-Cash Loan-Period Fee

1.3.4. Non-Cash Loan- Guarantee Fee

1.4. Closing

1.4.1. Cash Loan-Early Repayment Fee

2. Foreign Trade

2.1. Import Transactions

2.1.1. Letter of Credit Opening Fee

2.1.2. Reserve/ Discrepancy Fee

2.1.3. Prior Notice Fee

2.1.4. Aval/ Acceptance Fee

2.1.5. Maturity/ Amount Change Fee

2.1.6. Bill Acceptance Fee

2.2. Export Transactions

2.2.1. Notification Fee

2.2.2. Confirmation Fee

2.2.3. Maturity/Amount Change Fee

2.2.4. Deferred Payment Fee

2.2.5. Discount Fee

2.2.6. Collection Fee

2.3. Import/ Export Common Transactions

2.3.1. Document Examination Fee

2.3.2. Amendment Fee

2.3.3. Transaction Fee

2.3.4. Correspondent Bank Expense

2.3.5. Payment Fee

3. Cash Management

3.1. Supplier Finance and Direct Debit System (DBS)

3.1.1. Supplier Finance and DBS Fee

3.1.2. Supplier Finance and DBS Period Fee

3.2. Deposit, Participation Fund and Precious Metal Depository Accounts

3.2.1. Money and Precious Metal Deposit/Withdrawal Fee

3.2.2. Fee for Transactions Made at Other Institutions' ATMs/Shared ATMs

3.3. Money and Precious Metal Transfers

3.3.1. Electronic Funds Transfer (EFT) Fee

3.3.2. Remittance Fee

3.3.3. International Funds Transfer and Messaging Fee

3.3.4. Precious Metal Transfer Fee

3.3.5. FAST Fee

3.4. Safe Deposit Box

3.4.1. Safe Deposit Box Fee

3.5. Intermediary Services

3.5.1. Intermediary Fee

3.6. Document and Information

3.6.1. Document and Information Fee

3.7. Cheque Transactions

3.7.1. Cheque Book and Cheque Issuance Fee

3.7.2. Cheque Return Fee

3.7.3. Cheque Collection Fee

3.7.4. Cheque Certification and Correction Transactions Fee

3.8. Bill Transactions

3.8.1. Bill Information Fee

3.8.2. Bill Return Fee

3.8.3. Bill Protest Transactions Fee

3.8.4. Bill Collection Fee

4. Payment Systems

4.1. POS Fees

4.1.1. POS Software/Hardware/Maintenance Fee – Physical POS

4.1.2. POS Software/Hardware/Maintenance Fee – Virtual POS

4.1.3. Lost/Damaged POS and Accessory Fee

4.2. Merchant Fees

4.2.1. Merchant Fee Prepaid/Installment

4.2.2. Block Release Fee

4.2.3. Account to Account Merchant Payments Fee

4.3. Transactions Made with Commercial Card

4.3.1. Commercial Card Membership Fee

4.3.2. Cash Advance Fee

Official Gazette in which the Communiqué was Published
Date	Number
10/2/2020	31035
Official Gazette in which the Communiqués Amending the Communiqué were Published
Date	Number
29/2/2020	31054
11/3/2020	31065
29/3/2020	31083
31/12/2020	31351
1/3/2021	31410
9/8/2021	31563
13/11/2021	31658
29/1/2022	31734
23/9/2022	31962
23/6/2023	32230
25/11/2023	32380
22/12/2023	32407
28/06/2024	32586
18/9/2025	33021