You never know when you may need money. Maybe while getting out of a hospital, may be in a midnight...
What do you do first when you have a cash need?
Forget all the answers that come to your mind. These questions now have only one correct answer:
Your Money is Ready Account!
The only thing you need to do in order to have a totally new account which you can use any time you want and to be valid for 3 months is to apply directly only with your Turkish Citizenship Number.
* The answers given by non-branch channels are considered to be preliminary approval and the final decision to use of credit belongs to the bank. The Bank reserves the right to request for additional document and guarantor when it deems necessary. A guarantor needs to provide the same documents.
** The cost of SMS sent will be borne by the customer and the cost is 1 SMS in TL for all operators. Each SMS sent charges TL 0,5 (VAT and Special Communication Tax included) for Avea, TL 0,65 (VAT and Special Communication Tax included) for Turkcell and TL 0,4 (VAT and Special Communication Tax included) for Vodafone. The operators reserve the right to change their unit prices.
*** An income certificate is not mandatory however may be requested if it is deemed necessary. In order to get a TEB Your Money is Ready Account application processed in the branch, the applicant must be either a retired, self-employed or a salaried employee.
- Your Money is Ready Account is an overdraft account with installment payments (O/A) designed by bank specifically for the customer.
- Your Money is Ready limit is the credit limit defined to Your Money is Ready Account in accordance with the limits and periods determined by the bank.
- Your Money is Ready limit can be used on the basis of a repayment schedule only upon request of the customer.
- Your Money is Ready limit will be valid for 90 days after the allocation date.
- Remittances, money transfers, bill and regular payments cannot be made from Your Money is Ready limit automatically and your Your Money is Ready limit cannot be used for the transactions to be conducted through a POS machine or virtual POS. You can perform your transactions to be conducted via a POS machine and virtual POS with your bank card by using your Overdraft Account defined to the card.
- Your Money is Ready limit can be utilized entirely as a lump sum or it can be used partially.
- For Your Money is Ready limit, the minimum and maximum usage amounts are TL 300 (Three Hundred Turkish Lira) and TL 5.000 (Five Thousand Turkish Lira) respectively. These usage amounts may change periodically and will be announced on the Bank’s web page (www.teb.com.tr) accordingly.
- The credit amount to be utilized from Your Money is Ready limit which will be allocated under the demand deposit account can be repaid by installments with a tenor of 12 (twelve) months.
- The first installment date of the repayment will be the last business day of the same month if the credit utilization is made within the first 15 days of the month; and will be the last business day of the following month if the credit utilization is made between 16th day and last day of the month.
- Once the credit installment amounts are credited to the demand deposit account in accordance with the payment schedule given to the customer during the credit utilization, the installment amounts will be collected automatically by the Bank’s system.
If Your Money is Ready installment is not paid on its due date, the installment amount will be paid from the customer’s Overdraft Account (O/A) automatically. For each credit utilization, a one-time filing fee will be deducted from the credit amount.
With Your Money is Ready Account, you have more money in your pocket than you think for your unexpected cash needs! On top of that, you can repay the credit limit you used in installments.
If you do not have a Your Money is Ready Account, you can make an application with your Turkish Citizenship Number;
- by sending an SMS to 7776,
- via TEB Internet Branch,
- 0850 200 0 666 TEB Telephone Branch,
- TEB ATMs
- www.teb.com.tr
and from TEB Branches easily.
Once you completed your Your Money is Ready Account application through any channel you want, the answer to your application will be delivered directly to your mobile phone via SMS. You can utilize your approved credit limit from TEB Internet Branch, from your branch, TEB ATMs and 0850 200 0 666 TEB Telephone Banking Branch.
* The answers given by non-branch channels are considered to be preliminary approval and the final decision to use of credit belongs to the bank. The Bank reserves the right to request for additional document and guarantor when it deems necessary. A guarantor needs to provide the same documents.
** 7776 service is provided to Turkcell, Avea and Vodafone subscribers. The number (7776) is same for all operators. The cost of SMS sent will be borne by the subscriber and the cost is 1 SMS in TL for all operators.
