The Plus Money Credit will be made by our Bank available to you and utilized within the frame of provisions of the Individual Banking Services Agreement (IBSA) you have signed, and the relevant provisions are summarized hereinbelow in order to inform you about the provisions applicable on Plus Money Credit which may be against your interests.
• If the allocation of Plus Money Credit to you is approved, a contractual interest of 2.02% will be applied on your Plus Money Credit. Taxes and funds will be accrued on Plus Money Credit at the rates determined by the governmental authorities, and commissions will be accrued as determined/to be determined by the Bank and reported either in this Form or by other methods of communication.
• Except for the cases which may be risky for our Bank, our Bank will be authorized to open one or more current accounts, and to reduce the limits of current accounts by taking into consideration such credit allocation conditions as our Bank’s crediting policies, your credit performance and financial standing, and to reactive the current accounts with zero limit, and to make fund transfers between your accounts, if and to the extent permitted by the applicable laws, and with a 15-days’ prior notice.
• Pursuant to the provisions of the Consumer Protection Law no. 6502, if the Bank changes the interest rate, such change will be notified to you in writing either on paper or via a permanent data register 30 (thirty) days prior to the effective date thereof. However, you will not be affected from said increase of interest rate if you fully pay all of your outstanding debts thereunder within maximum 60 (sixty) days following the date of notice, and cease to utilize loans therein.
• The Bank will be authorized to change and revise the announced rates of commission of Plus Money Credit due to changes of laws, decisions taken by official authorities or change of market conditions, or increase of sourcing/crediting costs, or increase of operational costs, or all kinds of increases in the service costs hereunder, or in tandem with the changing market conditions. For the changes of fees up to 20% in a period of one year, you will be informed beforehand by effective methods of communication set forth in the applicable laws in accordance with the rule of 45 days’ prior notification. You will have the right to back out of the relevant banking product or service within this period of 45 days. If this right is used, fees will not be charged on or collected from you for the new term. If the right to back out is not used by the end of this period, new prices and rates will be applicable thereafter.
• In the case of non-acceptance of change of interests or fees relating to use of the relevant product or service, our Bank reserves its right to cease giving such service to you. A separate demand of you is required to be received for changes of fees in excess of 20% in a period of one year.
• If and to the extent your current account balance is not adequate, you hereby acknowledge and accept that your remittance orders/payment instructions may be executed by being debited to your Plus Money Credit account within the frame of provisions of this Individual Banking Services Agreement pertaining to remittance transactions.
• If the account/accounts defined as Plus Money Credit turn into debit balance, that date of turning into debit balance, or if the said account/accounts turn into credit balance, the day after the date of turning into credit balance will be considered and treated as the value date. If the account/accounts turn into debit balance in a holiday, the value date thereof will be the business day before that holiday, and if the account/accounts turn into credit balance in a holiday, the value date thereof will be the first business day immediately thereafter.
• You may further utilize and draw down the Plus Money Credit in installments. After receipt of the demand of utilization in installments, an information form/note/screen containing such information as interest rate, annual cost rate, installment amounts, dates of installments, and total payment amount will be provided/shown to you in the relevant channel, and you will be requested to give approval for the transaction in the relevant channel, and thereafter, the loans will be made available in installments.
• If the repayments of Plus Money Credit are to be made in installments, the payment plan will be prepared over the then-current Plus Money interest rate. Installment payment date is the 15th day of each month, and the first installment date is the 15th day of the month immediately after the month of drawdown. The amount of first installment will be higher than other installments if and when the period between the credit drawdown date and the due date of the first installment is longer than one month.
• At the date of installment, the installment amount will be automatically collected from the demand deposit account containing the credit limit. If the relevant account does not contain an adequate balance, the installment amount will be collected from your Plus Money limit.
• You may prepay one or more undue installments, or may prepay the full amount of outstanding loans. Thereupon, a discount will be made with respect to all interest and other cost elements depending upon the prepaid amount.
• The Bank will be authorized all of the outstanding debts of you arising out of the Plus Money Credit from the moneys deposited or remittances credited to the said account, including your wages, irrespective of the method of depositing thereof, immediately or at the day-ends. If and to the extent money is deposited to your deposit account to which the Plus Money Credit is linked, first of all, the accrued outstanding interest, tax and fund debts of you will be collected therefrom. • Interest of Plus Money Credit may be accrued and collected in the last business day of every month. You are liable to pay the accrued interests, funds, taxes and expenses until (and including) the 15th day of the next month. The Bank is authorized to change the Plus Money Credit interest accrual periods announced by it. Furthermore, all of the accrued interests, funds, taxes and expenses will be collected by the Bank ex officio from your said account/accounts or if any, other account/accounts, and if and to the extent they are not collected therefrom until (and including) the 15th day of the next month, you will pay the same at once and immediately upon first demand of the Bank, and if and to the extent not paid, your account/accounts will be closed, and your outstanding debts will become immediately due and payable.
• If your account/accounts give a debit balance (do not turn into positive balance) for a period of 90 days, or the interests, funds and taxes accrued until the last business day of each month are not paid until (and including) the 15th day of the next month, the Plus Money Credit limit will be automatically closed. Thereupon, the debts owed to the Bank will immediately become due and payable.
• The period of 90 days mentioned hereinabove may be reduced or increased by a 15-days’ prior notice sent by methods (electronic mail, internet site, written notice, SMS, etc.) to be determined by our Bank, due to changes of laws and/or changes in our Bank’s policies.
• In the event that you do not settle your debts relating to Plus Money Credit, or fail to pay in a timely fashion any moneys required to be paid pursuant to the Individual Banking Services Agreement or other contracts signed/to be signed between the parties, or a material mistake/ untrue information is detected in the information and documents presented by you to our Bank, or you fail to perform in a timely manner any one of your obligations arising therefrom, or in the case of reasonable signs of worsening of your financial situation such as protested promissory note/notes or bounced check/checks, or initiation of legal proceedings for bankruptcy, insolvency, attachment, precautionary attachment, injunctive relief or similar other legal remedies, or death, or petition for bankruptcy or for postponement of bankruptcy, etc., then the debts owed to the Bank will immediately become due and payable.
• You will be liable to pay a default interest to be charged at a rate of 2.52%, together with RUSF (Resource Utilization Support Fund), and Bank and Insurance Transactions Tax and other taxes, funds, charges and costs to be calculated thereon, for the period from the date of default to the date of full repayment and settlement of debts, if and when your debts owed to our Bank pursuant to provisions of this Agreement become due and payable and you fall in default.
• If your account used for Plus Money Credit gives a debit balance (turns into negative balance), and if you demand so, our Bank may notify the debit balance to you by sending an Akbank Account Statement for this account. Thereupon, an Account Statement fee as shown in the
Information Form presented by our Bank will be debited to your accounts ex officio. However, our Bank is not under obligation to send a notice of debit balance.
• Our Bank may make the Plus Money Credit available under this Agreement fully or partially against all kinds and types of guarantees, including, but not limited to, cash, personal and non- cash credits, receivables, movable and immovable assets, negotiable instruments and bills of exchange, and cash funds. Then, you are under obligation to provide our Bank with the requested guarantees and collaterals in the formats and under the conditions to be determined by our Bank. If and when the amount of existing guarantees reduces, our Bank will be authorized to request new or additional guarantees from you. Our Bank may condition the drawdown or maintenance of loans hereunder upon proper provision of the requested guarantees.
• You may demand a new credit limit and/or a credit limit increase for Plus Money Credit from our Bank through Free Banking Channels and other channels to be determined by our Bank, whereupon if our Bank accepts to allocate a new limit or to increase the existing limit for Plus Money Credit, the provisions of the Individual Banking Services Agreement pertaining thereto (together with amendments and revisions to be reported as per the pertinent provisions of the Individual Banking Services Agreement) will be applied on your Plus Money Credit to be allocated/ increased as cited above or through other channels of our services provided to you.
• You will be responsible for, and pay in advance, in cash or in account, all charges and costs to be specified by the relevant legal authorities, and all kinds of present or future taxes, imposts and duties, and all and any fines and penalties, and all increases of any kind therein, with respect to this Plus Money Credit.
• You will have the right of rescission from the Plus Money contract within 14 (fourteen) days without being liable to show any reasons and to pay any penalty thereinfor. It is adequate for you to send to our Bank a notice of use of the right of rescission within the validity term of the right of rescission. If you use your right of rescission and have already utilized the loans, then you will, within no later than 30 (thirty) days following the date of delivery of the notice of right of rescission to our Bank, have to repay to our Bank both the loan principal and the contractual interests accrued during the period from the date of drawdown of loans to the date of repayment of loan principal. If you fail to make this repayment within this period of time, you are deemed not to have backed out of the credit, whereupon all kinds of your obligations arising out of the Individual Banking Services Agreement will continue. In the case of use of right of rescission, no money will be claimed from you other than the contractual interests and the costs which have already been paid to a public authority or entity or to third parties.
This Plus Money Information and Request Form is an exhibit to and an integral part of the Individual Banking Services Agreement.
Signature of Bank Officials:
If you read and find it acceptable sign this form prepared in 2 (two) copies and keep 1 (one) copy. This Agreement is drawn up in English and Turkish. In case of any discrepancy between the English and Turkish versions, Turkish version will prevail.
Customer, Name Surname and Signature: Date:
Akbank T.A.Ş. / Sabancı Center 4. Levent 34330 İstanbul Trade Registry Office: İstanbul, Registration Number: 90418