|1. What is Ingenious Account?
It is a savings account which gives you money depositing and money withdrawing flexibility, operates daily and enables to save money. It can be opened in TL, USD and EURO, GBP currencies.
|2. How can I apply?
If you are a TEB customer; you can make an application from TEB Internet Branch, all TEB Branches and 0850 200 0 666 TEB Phone Branch. If you are not a TEB customer; you can make your application by filling out an application form on teb.com.tr; sending SMS message by typing “INGENIOUS” space Your Turkish National Identification Number; or from all TEB Branches.
|3. Can I open an Ingenious Account without going to the branch?
Yes. You can open without going to the branch and make an application from TEB Internet Branch and 0850 200 0 666 TEB Phone Branch.
|4. Who can open an Ingenious Account?
Retail customers can open an Ingenious Account. an Ingenious Account cannot be opened for commercial businesses.
|5. What is the minimum amount for opening an Ingenious Account?
There is no minimum limit for the account opening. Interest is accured on accounts with 1.000 TL/USD/EURO/GBP and higher amounts.
|6. Which menu steps should I take to make regular savings on TEB Internet Branch?
You can start saving by giving a regular transfer instruction on your Ingenious Account by taking Money Tranfer – Give Regular Payment Instruction – Remittance Order steps in theTEB Internet Branch menu.
|7. Should I need to sign an agreement?
If you are not a TEB customer, you should sign the Customer Service Agreement and the Ingenious Account Agreement; and if you are a TEB customer, you should sign only the Ingenious Account Agreement.
|8. Are there any fees and commissions for my account?
No maintenance fee and EFT/remittance fees are applied for the Ingenious Account.
|9. How the interest is earned on the Ingenious Account?
Interest is earned on daily basis and accrued each day on the principal together with the interest.
|10. What are the interest rates applied on the Ingenious Account?
A special interest rate will be applied on the Ingenious Account you will open. The interest rates vary depending on the amount.
|11. What is Loyalty Reward Interest?
If you have an average balance of 25.000 TL, 5.000 USD/EURO/GBP for a period of 6 months, then you can get an additional Loyalty Reward Interest. The Loyalty Reward Interest rate for each 180 days is 0,10% in TL, and 0,05% in USD, EURO and GBP. The reward interest given collectively will be divided to 5 and credited to the account on the 181st, 182nd, 183rd, 184th and 185th days. The Loyalty Reward Interest is applied to the amount of maximum 50.000 TL, 20.000 USD ve 15.000 EUR/GBP.
|12. How Loyalty Reward Interest is calculated?
1If you maintain an average daily balance of TL 25.000 for a period of 180 days;
- Standard Ingenious Account Interest applied on the customer account on181st, 182nd, 183rd, 184th & 185th days: %8
- Interest earned as Loyalty Reward Interest (total interest to be given for 3 day): %0,10*180= %18
- Additional Interest Rate applied for each of 181st, 182nd, 183rd, 184th & 185th days: %18 / 5 =%3,6
- Standard+ Loyalty Reward Interest rate applied for each of 181st, 182nd, 183rd, 184th & 185th days: % 8 + %3,60 =%11,60
|13. May I open a joint Ingenious Account?
Yes. You can open your Ingenious Account as a joint account only from our Branches.
|14. How and when can I deposit money to the account?
You can deposit money to your Ingenious Account anytime and as often as you want. If you deposit money before 17:00 on working days, you start earning interest with the sama day value. You can conduct your money depositing transactions from all TEB Branches and ATMs.
|15. Can I withdraw money from the account if I need cash?
When you need cash, you can withdraw money from your account during the day as often as you want. You can conduct your money withdrawal transactions from all TEB Branches and ATMs. You can conduct EFT (within EFT processing hours), virement or money transfer transactions from the Ingenious Account all day long except on 5:00a.m.-6:00a.m. and you may withdraw cash from the ATMs.
|16. Can I open more than one Ingenious Account?
You can open one Ingenious Account in each currency.
|17. What currencies can I open an Ingenious Account in?
You can open your Ingenious Account in TL, USD or EURO,GBP.
|18. Which daily banking transactions can I conduct from my Ingenious Account?
You can conduct your money depositing or money withdrawal transactions from/to your account from all TEB Branches and ATMs; and you conduct your EFT/remittance transactions from TEB Branches, ATMs, TEB Internet Branch and 0850 200 0 666 TEB Phone Branch. On the other hand, invoice and regular payment transactions cannot be carried out through this account.
|19. Can I access to my Ingenious Account anytime I want?
You can easily access to your account from all ATMs, TEB Internet Branch and 0850 200 0 666 TEB Phone Branch 7 days a week 24 hours a day; and from all TEB Branches on the week days during business hours. You can conduct EFT (within EFT processing hours), virement or money transfer transactions from the Ingenious Account all day long except on 5:00a.m.-6:00a.m. and you may withdraw cash from the ATMs.
|20. Can I close my Ingenious Account whenever I want?
Yes. You can close your account whenever you want.
|21. What happens if I withdraw all of my money in the account? Is it automatically closed?
No. Your account is not closed even if you withdraw all of your money. When you deposit money again to your Ingenious Account, you start earning interest for the amounts of 1.000 TL/USD/EURO/GBP and above.