Overdraft Deposit Account

What is the Overdraft Account?

Overdraft Account is linked to your current account that allows you to withdraw cash and make your payments when you need money urgently, even when there is no money in your account. When you do not have enough money in your account to meet your short-term TL cash needs, you can use your Overdraft Account limit and only pay the interest on the amount you use and the amount you withdraw for the day used. Moreover, you do not have to pay any other fees or commissions. If you wish, you can pay your debt with installments for up to 12 months via the Installment Overdraft feature which is using your Overdraft Account limit. In addition, even if there is a positive balance in your current account linked to Overdraft Account, you can use Installment Overdraft without touching your current balance. For detailed information about the Installment Overdraft, please click here.

Employees/workers can apply and benefit from an Overdraft Account privilege 24/7 through LYCA P. B. Internet Banking, LYCA P. B. Mobile Application, or from our website without going to a branch.

Interest Rate

The Overdraft Account interest rate is 5.00% for each amount. The interest amount, including RUSF and BITT, to be incurred during the 7-day use of 200 TL is 3,03TL. 203,03 TL is the amount to be paid after the debt is fully settled. All deposits made into the Overdraft Account will be reflected in your account on the next business day. For example, any deposits made into the account on Friday will be reflected in the balance on the next business day, Monday. So, interest will also be charged for Friday, Saturday and Sunday.

• The interest amount, including RUSF and BITT, which will occur during the 7-day use of 500 TL, is 7,58 TL. The amount to be paid after the debt is fully settled is 507,58 TL.
• The interest amount, including RUSF and BITT, which will occur during the 7-day use of 1000 TL, is 15,17 TL. The amount to be paid after the debt is fully settled is 1015,17 TL.
• The interest amount, including RUSF and BITT, which will occur during the 14-day use of 2000 TL, is 60,67 TL. The amount to be paid after the debt is fully settled is 2060,67 TL.
• The interest amount, including RUSF and BITT, which will occur during the 7-day use of 5000 TL, is 75,83 TL. The amount to be paid after the debt is fully settled is 5075,83 TL.
• All deposits made to the Overdraft Account are reflected in your account on the next business day. The interest amount, including RUSF and BITT, which will occur during the 1-day use of 100 TL, is 0,22 TL.