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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.

Summary Box
Account Name Sterling Fixed Term Deposit
What is the interest rate?Threshold Amount (taking into consideration the aggregate sterling equivalent value of all other existing current and deposit accounts you or your familiy hold with Isbank London branch)AER*/Gross Rate** of Fixed Interest by Term
1 month3 month 6 month1 Year
AER GrossAER GrossAER GrossAER/Gross
Up to £1mm1,11%1,10%1,31%1,30%1,46%1,45%1,60%
£1mm to £2.5mm1,21%1,20%1,41%1,40%1,56%1,55%1,70%
£2.5mm+1,31%1,30%1,51%1,50%1,66%1,65%1,80%
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?Thershold Amount (see above)1 month3 month 6 month1 Year  
GrossGrossGrossGross  
Up to £1mm£1.000,92£1.003,25£1.007,25£1.016,00  
£1mm to £2.5mm£1.001,00£1.003,50£1.007,75£1.017,00  
£2.5mm+£1.001,08£1.003,75£1.008,25£1.018,00   
Summary Box
Account Name Euro Fixed Term Deposit
What is the interest rate?Threshold Amount (taking into consideration the aggregate sterling equivalent value of all other existing current and deposit accounts you or your familiy hold with Isbank London branch)AER*/Gross Rate** of Fixed Interest by Term
1 month3 month 6 month1 Year
AER GrossAER GrossAER GrossAER/Gross
Up to €1mm0,50%0,50%0,65%0,65%0,75%0,75%0,85%
€1mm to €2.5mm0,55%0,55%0,70%0,70%0,80%0,80%0,90%
€2.5mm+0,60%0,60%0,75%0,75%0,85%0,85%0,95%
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?Thershold Amount (see above)1 month3 month 6 month1 Year   
GrossGrossGrossGross 
Up to €1mm€ 1.000,42€ 1.001,63€ 1.003,75€ 1.008,50 
€1mm to €2.5mm€ 1.000,46€ 1.001,75€ 1.004,00€ 1.009,00 
€2.5mm+€ 1.000,50€ 1.001,88€ 1.004,25€ 1.009,50   
Summary Box
Account Name US$ Fixed Term Deposit
What is the interest rate?Threshold Amount (taking into consideration of the aggregate sterling equivalent value of all other existing current and deposit accounts you or your familiy hold with Isbank London branch)AER*/Gross Rate** of Fixed Interest by Term
1 month3 month 6 month1 Year
AER GrossAER GrossAER GrossAER/Gross
Up to $1mm2,73%2,70%2,93%2,90%3,02%3,00%3,10%
$1mm to $2.5mm2,84%2,80%3,03%3,00%3,12%3,10%3,20%
$2.5mm+2,94%2,90%3,14%3,10%3,23%3,20%3,30%
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?Thershold Amount (see above)1 month3 month 6 month1 Year  
GrossGrossGrossGross  
Up to $1mm$1.002,25$1.007,25$1.015,00$1.031,00  
$1mm to $2.5mm$1.002,33$1.007,50$1.015,50$1.032,00  
$2.5mm+$1.002,42$1.007,75$1.016,00$1.033,00   
Summary Box
Account Name Turkish Lira Fixed Term Deposit
What is the interest rate?Threshold Amount (taking into consideration of the aggregate sterling equivalent value of all other existing current and deposit accounts you or your familiy hold with Isbank London branch)AER*/Gross Rate** of Fixed Interest by Term
1 month3 month 6 month1 Year
AER GrossAER GrossAER GrossAER/Gross
Up to TRY1mm15,50%14,50%16,42%15,50%16,10%15,50%15,50%
TRY1mm to TRY2.5mm16,08%15,00%16,99%16,00%16,64%16,00%16,00%
TRY2.5mm+16,65%15,50%17,55%16,50%17,18%16,50%16,50%
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 TRY1,000?Thershold Amount (see above)1 month3 month 6 month1 Year   
GrossGrossGrossGross  
Up to TRY1mmTRY 1.012,08TRY 1.038,75TRY 1.077,50TRY 1.155,00  
TRY1mm to TRY2.5mmTRY 1.012,50TRY 1.040,00TRY 1.080,00TRY 1.160,00  
TRY2.5mm+TRY 1.012,92TRY 1.041,25TRY 1.082,50TRY 1.165,00   
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.