Pratik Account is an account designed to simplify your financial life. When money is deposited into your TL account or when your salary is credited to your TEB demand deposit account, your available balance is automatically used to purchase units of the TEB Portfolio Short-Term Debt Instruments Fund without requiring any action from you.

Whenever there is a cash outflow, the required amount is automatically covered by selling fund units.

If you have a Pratik Account, you do not need to give separate instructions to evaluate the balance in your account or monitor your automatic and recurring payments, check payments, EFT/money transfers, credit card payments, or personal loan repayments. Your Pratik Account manages these processes automatically on your behalf. 

Information About the Pratik Account Balance in Demand Deposit Accounts

As of 11 February 2021, the minimum demand balance that will not be invested in the fund in Pratik Accounts has been updated to 5,000 TL.

For customers whose demand balance minimum is below 5,000 TL, their balance will automatically be adjusted to 5,000 TL as of 11 February 2021 by redeeming fund units if necessary.

Information About Automatic Fund Purchases in Pratik Account

As of 18 October 2021, an automatic purchase of TEB Portfolio Short-Term Debt Instruments Fund will first be made from your Pratik Account balance up to an amount corresponding to 250 TL. Since the fund price may vary, small upward or downward differences in this amount may occur.

After purchasing fund units corresponding to 250 TL, additional purchases of the same fund will continue automatically with the balance exceeding your demand balance minimum (minimum 5,000 TL) specified in your Pratik Account agreement.

Examples

Example 1:

If a customer has 10,000 TL in their Pratik Account and the demand balance minimum specified in the agreement is 5,000 TL, first fund units corresponding to 250 TL will be purchased. After reserving 5,000 TL in the demand account, fund units corresponding to the remaining 4,750 TL will also be purchased 

Example 2:

If a customer has 4,000 TL in their Pratik Account and does not currently hold any fund units, fund units corresponding to 250 TL will be purchased, while the remaining 3,750 TL will remain in the demand account.

Example 3:

If a customer has 100 TL in their Pratik Account and does not hold any fund units, fund units corresponding to 100 TL will be purchased, leaving no balance in the demand account.

If you need to access the funds invested in the investment fund, your Pratik Account will automatically redeem fund units when necessary. This applies to cash withdrawals from branches or ATMs, automatic and recurring payments, credit card and personal loan payments, check payments, EFT/money transfers, and purchases made with your TEB debit card.

• With Pratik Account, you can determine the amount you need for your daily cash requirements. This amount remains as cash in your account and is not converted into the TEB Portfolio Short-Term Debt Instruments Fund.
• When money is credited to your account, you do not need to give any instructions to evaluate your funds. After the amount you reserved for daily cash needs remains in your account, the remaining balance is automatically converted into the TEB Portfolio Short-Term Debt Instruments Fund.
• If the account balance exceeds the amount that will remain as cash (not to be converted into the investment fund), the system will automatically convert the remaining amount into the fund while keeping the fixed balance defined by the customer in the account at 10:10, 11:10, 13:10, 14:45, and 15:30. Amounts credited to the account after 15:30 will not be converted into the fund through a second transaction. On half-day banking days, if the balance exceeds the non-invested amount, the system runs at 10:10 and the fund purchase is executed.
• If the account balance falls below the fixed amount defined by the customer that should not be converted into the investment fund, the system redeems fund units every 5 minutes, 24 hours a day, to restore the balance to the defined level. Since fund transactions are closed between 16:00 and 17:30, fund redemption cannot be carried out during this time period.
• You do not need to monitor your payments or spend time redeeming units of the TEB Portfolio Short-Term Debt Instruments Fund. For cash withdrawals from branches and ATMs, automatic and recurring payments, credit card and personal loan payments, check payments, EFT/money transfers, and purchases made with your TEB debit card, your Pratik Account automatically redeems fund units and completes the transaction.
• You can use the funds invested in the TEB Portfolio Short-Term Debt Instruments Fund 24/7 for all your payments and cash needs through all TEB ATMs, the TEB Phone Branch (444 0 666), and TEB Internet Branch.
• If there are insufficient funds and investment fund units in your Pratik Account, and you have an Overdraft Account, your transaction will be completed by using the Overdraft Account limit. If you want your Overdraft Account limit to be used only for automatic bill payments, you can open a Billed Overdraft Account.

To open a Pratik Account, you can apply at TEB branches or through CEPTETEB Internet Banking. For detailed information about the product, you can call the TEB Phone Branch at 0850 200 0 666 or contact your customer representative.