Turkey : New arrangement for EFT fees

The “Regulation on the Amendment of the Regulation on the Procedures and Principles Regarding the Fees to be Received from the Financial Consumers” and the “Communiqué on the Procedures and Principles Regarding the Fees to be Received by the Commercial Customers by the Banks” was published in the Official Gazette. Thus, BRSA and Central Bank reduced the fees in fees and commissions received from bank customers. Accordingly, the fee that can be collected from EFT transactions is TL thousand of the transaction amount. […]