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ONLINE BANKING
London
Turkey
Bahrain
Iraq
Kosovo
Corporate Banking
Current Accounts

Corporate Current Account             
                  
Key features
                  
• Sterling, Euro, US$ or TRY denominated current accounts with Isbank London branch 
• Internet banking access  
• Payments by corporate debit card and by cheque
• Cheque clearing services for cheques drawn on UK banks
• No fees and commissions for the incoming transfers from UK banks
• Account opening administrative fee of £450 (or currency equivalent). However, this fee can be reduced - see Fees and Important Information below 
• Annual account fee of £150 (or currency equivalent)       
• No account interest paid  
• You will need to maintain in either current accounts or fixed term deposits or loans an aggregated annual average balance of at least £100,000 (or currency equivalent) from the date of account opening   
                  
Eligibility
                  
You can open a Sterling, Euro, US$ or TRY current account with Isbank London branch providing you meet all of the following criteria:

• Your company or your group’s annual or estimated annual turnover exceeds £250,000 (or currency equivalent); and
• The purpose of your account is to support predominately trade or investment related transactional activity; and
• You maintain in either current accounts or fixed term deposits or loans an aggregated annual average balance of at least £100,000 (or currency equivalent) from the date of account opening.   

                  
Fees and Important Information
                  
Account opening administrative fee of £450 (or currency equivalent). However, £200 (or currency equivalent) of the account opening fee will be refunded to your current account if during the 12-month period following account opening, you maintain in either current accounts or fixed term deposits or loans an aggregated average balance of at least £100,000 (or currency equivalent) during that period. 
Annual account fee of £150 (or currency equivalent)                                   
For full details on current account fees and charges, please see the Branch's Corporate Banking Fees and Charges Schedule 


Deposits
Corporate Fixed Term Deposit 

• Deposits are available in Sterling, Euro, USD and TRY and you will have the ability to choose between a 1, 3, 6 or 12 month terms and you can have more than one deposit account at any time. 
• You will receive a guaranteed interest rate for a fixed term. 

Deposit rates and conditions below are available to small businesses where your turnover or annual balance sheet is less than £2 million. If your business is significantly larger, please contact us on corporate@isbank.co.uk to discuss further deposit rates that maybe available to you.

Adsız 2

Summary Box

Account Name

Sterling Fixed Term Deposit

What is the interest rate?

Amount

AER*/Gross Rate** of Fixed Interest by Term (effective date 15 August 2017)

1 month

3 month

6 month

1 Year

AER

Gross

AER

Gross

AER

Gross

AER/Gross

Up to £1mm

0,75%

0,75%

0,95%

0,95%

1,15%

1,15%

1,35%

£1mm to £2.5mm

0,85%

0,85%

1,05%

1,05%

1,25%

1,25%

1,45%

£2.5mm+

0,90%

0,90%

1,10%

1,10%

1,30%

1,30%

1,50%

Can Isbank change the interest rate?

Interest rate is fixed for the term of the deposit.

What would the estimated balance be after the term based on a deposit of £1,000?

Amount

1 month

3 month

6 month

1 Year

 

 

Gross

Gross

Gross

Gross

 

 

Up to £1mm

£1.000,63

£1.002,38

£1.005,75

£1.013,50

 

 

£1mm to £2.5mm

£1.000,71

£1.002,63

£1.006,25

£1.014,50

 

 

£2.5mm+

£1.000,75

£1.002,75

£1.006,50

£1.015,00

 

 

 

How do I open and manage my account?

Account can only be opened through a branch, but viewable through internet banking.

No minimum deposit balance required.

Interest is fixed for the term of the deposit and paid at the end of the term. No statement is issued.

At maturity you can choose to pay your deposit into another fixed term deposit or another eligible product offered by Isbank or, alternatively you may wish to transfer your monies elsewhere.

We will provide you with written notice 15 days in advance of maturity. Unless we hear from you or we already have written instruction from you to the contrary, the balance on your fixed term deposit at maturity will be automatically rolled-over into another fixed term deposit with same term and rate of interest for that term as published on our website. If such an equivalent fixed term deposit is no longer available the balance will be automatically transferred to a current account with Isbank London branch.

Can I with draw money?

If you withdraw any money from your fixed term deposit prior to the maturity date you will lose  all interest entitlement to your fixed term deposit and the remaining balance will be transferred immediately to your current account with Isbank London branch.

Additional Information

AER* stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts.

Gross Rate** means that we will not deduct tax automatically from your interest.  You are responsible for paying any tax due to HM Revenue and Customs.

 

Summary Box

Account Name

Euro Fixed Term Deposit

What is the interest rate?

Amount

AER*/Gross Rate** of Fixed Interest by Term (effective date 15 August 2017)

1 month

3 month

6 month

1 Year

AER

Gross

AER

Gross

AER

Gross

AER/Gross

Up to £1mm

0,15%

0,15%

0,25%

0,25%

0,35%

0,35%

0,40%

£1mm to £2.5mm

0,25%

0,25%

0,35%

0,35%

0,45%

0,45%

0,50%

£2.5mm+

0,30%

0,30%

0,40%

0,40%

0,50%

0,50%

0,55%

Can Isbank change the interest rate?

Interest rate is fixed for the term of the deposit.

What would the estimated balance be after the term based on a deposit of €1,000?

Amount

1 month

3 month

6 month

1 Year

 

 

 

Gross

Gross

Gross

Gross

 

 

Up to €1mm

€ 1.000,13

€ 1.000,63

€ 1.001,75

€ 1.004,00

 

 

€1mm to €2.5mm

€ 1.000,21

€ 1.000,88

€ 1.002,25

€ 1.005,00

 

 

€2.5mm+

€ 1.000,25

€ 1.001,00

€ 1.002,50

€ 1.005,50

 

 

 

How do I open and manage my account?

Account can only be opened through a branch, but viewable through internet banking.

No minimum deposit balance required.

Interest is fixed for the term of the deposit and paid at the end of the term. No statement is issued.

At maturity you can choose to pay your deposit into another fixed term deposit or another eligible product offered by Isbank or, alternatively you may wish to transfer your monies elsewhere.

We will provide you with written notice 15 days in advance of maturity. Unless we hear from you or we already have written instruction from you to the contrary, the balance on your fixed term deposit at maturity will be automatically rolled-over into another fixed term deposit with same term and rate of interest for that term as published on our website. If such an equivalent fixed term deposit is no longer available the balance will be automatically transferred to a current account with Isbank London branch.

Can I with draw money?

If you withdraw any money from your fixed term deposit prior to the maturity date you will lose  all interest entitlement to your fixed term deposit and the remaining balance will be transferred immediately to your current account with Isbank London branch.

Additional Information

AER* stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts.

Gross Rate** means that we will not deduct tax automatically from your interest.  You are responsible for paying any tax due to HM Revenue and Customs.

 

 

Summary Box

Account Name

US$ Fixed Term Deposit

What is the interest rate?

Amount

AER*/Gross Rate** of Fixed Interest by Term (effective date 15 August 2017)

1 month

3 month

6 month

1 Year

AER

Gross

AER

Gross

AER

Gross

AER/Gross

Up to £1mm

1,46%

1,45%

1,61%

1,60%

1,76%

1,75%

1,85%

£1mm to £2.5mm

1,56%

1,55%

1,71%

1,70%

1,86%

1,85%

1,95%

£2.5mm+

1,71%

1,70%

1,86%

1,85%

2,01%

2,00%

2,10%

Can Isbank change the interest rate?

Interest rate is fixed for the term of the deposit.

What would the estimated balance be after the term based on a deposit of $1,000?

Amount

1 month

3 month

6 month

1 Year

 

 

 

Gross

Gross

Gross

Gross

 

 

Up to $1mm

$1.001,21

$1.004,00

$1.008,25

$1.018,50

 

 

$1mm to $2.5mm

$1.003,33

$1.004,25

$1.008,75

$1.019,50

 

 

$2.5mm+

$1.001,42

$1.004,50

$1.009,25

$1.021,00

 

 

 

How do I open and manage my account?

Account can only be opened through a branch, but viewable through internet banking.

No minimum deposit balance required.

Interest is fixed for the term of the deposit and paid at the end of the term. No statement is issued.

At maturity you can choose to pay your deposit into another fixed term deposit or another eligible product offered by Isbank or, alternatively you may wish to transfer your monies elsewhere.

We will provide you with written notice 15 days in advance of maturity. Unless we hear from you or we already have written instruction from you to the contrary, the balance on your fixed term deposit at maturity will be automatically rolled-over into another fixed term deposit with same term and rate of interest for that term as published on our website. If such an equivalent fixed term deposit is no longer available the balance will be automatically transferred to a current account with Isbank London branch.

Can I with draw money?

If you withdraw any money from your fixed term deposit prior to the maturity date you will lose  all interest entitlement to your fixed term deposit and the remaining balance will be transferred immediately to your current account with Isbank London branch.

Additional Information

AER* stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts.

Gross Rate** means that we will not deduct tax automatically from your interest.  You are responsible for paying any tax due to HM Revenue and Customs.

 

Summary Box

Account Name

Turkish Lira Fixed Term Deposit

What is the interest rate?

Amount

AER*/Gross Rate** of Fixed Interest by Term (effective date 15 August 2017)

1 month

3 month

6 month

1 Year

AER

Gross

AER

Gross

AER

Gross

AER/Gross

Up to £1mm

5,64%

5,50%

6,14%

6,00%

6,86%

6,75%

7,50%

£1mm to £2.5mm

6,70%

6,50%

7,19%

7,00%

7,90%

7,75%

8,50%

£2.5mm+

7,23%

7,00%

7,71%

7,50%

8,42%

8,25%

9,00%

Can Isbank change the interest rate?

Interest rate is fixed for the term of the deposit.

What would the estimated balance be after the term based on a deposit of TRY1,000?

Amount

1 month

3 month

6 month

1 Year

 

 

 

Gross

Gross

Gross

Gross

 

 

Up to TRY1mm

TRY 1.004,58

TRY 1.015,00

TRY 1.033,75

TRY 1.075,00

 

 

TRY1mm to TRY2.5mm

TRY 1.005,42

TRY 1.017,50

TRY 1.038,75

TRY 1.085,00

 

 

TRY2.5mm+

TRY 1.005,83

TRY 1.018,75

TRY 1.041,25

TRY 1.090,00

 

 

 

How do I open and manage my account?

Account can only be opened through a branch, but viewable through internet banking.

No minimum deposit balance required.

Interest is fixed for the term of the deposit and paid at the end of the term. No statement is issued.

At maturity you can choose to pay your deposit into another fixed term deposit or another eligible product offered by Isbank or, alternatively you may wish to transfer your monies elsewhere.

We will provide you with written notice 15 days in advance of maturity. Unless we hear from you or we already have written instruction from you to the contrary, the balance on your fixed term deposit at maturity will be automatically rolled-over into another fixed term deposit with same term and rate of interest for that term as published on our website. If such an equivalent fixed term deposit is no longer available the balance will be automatically transferred to a current account with Isbank London branch.

Can I with draw money?

If you withdraw any money from your fixed term deposit prior to the maturity date you will lose  all interest entitlement to your fixed term deposit and the remaining balance will be transferred immediately to your current account with Isbank London branch.

Additional Information

AER* stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts.

Gross Rate** means that we will not deduct tax automatically from your interest.  You are responsible for paying any tax due to HM Revenue and Customs.

International Trade And Finance
İşbank London branch through a worldwide network of correspondent banks, offers tailor-made solutions to businesses undertaking international trade based activities. Letters of credit and documentary credits are among the services we provided to our business clients. 


Credits
We provide a variety of commercial loans tailored for our customers’ needs. You can get more information about term loans and overdrafts by contacting us at either our London or Edmonton branch.




Foreign Exchange Transactions
​​İşbank London's dedicated treasury team and dealing facilities provide important foreign exchange capabilities. Competitive rates are offered to our clients. We are particularly active in exchange transactions involving the Turkish Lira. Our Reuters Dealing Code is ISBL.​
​Point of Sale Solutions (POS)
Isbank London branch provides POS Card Machines with mobile (GPRS) or Bluetooth (requiring internet connection via Ethernet cable on site) connection capability for your business activities in the UK at a competitive price.


Account Opening
Corporate Banking Fee Schedule
© 2016 Türkiye İş Bankası A.Ş. All rights reserved.
© 2016 Türkiye İş Bankası A.Ş. All rights reserved.