Banks Introduced Interest on Automatic Payments from Credit Cards

For a long time, banks have been trying to collect deposits automatic payment instructions It offered various advantages. These campaigns included offers such as interest income and shopping points. Banks either did not charge interest on automatic payments or charged very low interest rates. Citizens who check their latest account statements are aware of this situation. has changed noticed.

Automatic payment interest rates increased

In account statements “Automatic bill payment interest” Citizens, who saw that there was a certain amount called, applied to consumer associations. Lawyer İbrahim Güllü, Deputy Chairman of Consumer Confederation (TÜKONFED), “For years, banks have tried to obtain automatic payment orders from consumers in order to withdraw deposits. But recently, consumers have started to charge interest fees on automatic payments made by credit card.” he said.

on the subject TÜKONFED Banking Commission Chairman Hüseyin Ölmez, “Today, banks are now charging interest on automatic payments they receive after numerous requests. They say these are cash payments.” he said.

Current credit card interest rates at 3.74 percent because the Central Bank had set the policy interest rate for credit card interest at 35 percent. The automatic invoice order interest rate is 5 percent. In other words, automatic payment interest rates have now exceeded credit card interest rates.

Banks actually inform consumers about this issue in contracts. Experts say that this application it is against the law They invite consumers to apply to the consumer arbitration committee for the refund of the fees.