- Transactions you carry out with the merchants overseas are billed as Turkish Lira (TRY) or US Dollar (USD), depending on your preference.
- If you prefer billing in TRY, these transactions are converted to USD by the international card institutions and forwarded to our Bank. Our Bank converts them to TRY, using the QNB Finansbank foreign exchange offer rate of the day the transaction is forwarded to QNB Finansbank. TRY amount is indicated as debit in your billing statement.
- If you prefer billing in USD, these transactions are converted to USD by the international card institutions and forwarded to our Bank. USD amount is indicated as debit in your billing statement.
- For example, the information regarding the amount of your payments at the local offices of foreign airline companies can be debited to your billing statement as foreign currency, although your transaction receipt indicates this amount in TRY.
This is associated with rules of transaction applied by international card institutions.
Important Information Regarding the Calculation of the Resource Utilization Support Fund (KKDF)
If you prefer billing in USD, then, according to regulations, USD expenditures not paid as of the due date are considered as a foreign currency loan, and are subject to 15% KKDF. Therefore, if your payable sums corresponding to the billing cycle are not paid or not paid in full, 15% Resource Utilization Support Fund (KKDF) will be charged to the unpaid portion of the term debt on the statement date. The amount of KKDF is paid to the government by Bank and indicated in the billing statement as a debit entry.