ACCOUNTS AND INVESTMENT PRODUCTS

SOCIAL SECURITY INSTITUTION PREMIUM PAYING ACCOUNT

Albaraka Türk now pays your SSI premium if you don't have enough balance.

• If you pay your SSI (Social Security Institution) premium debt through Albaraka Türk,
• If you gave an automatic payment order;
• If you do not have sufficient balance on your last payment date,

Your premium debt with SSI Premium Paying Account (SPPA) limit.

How does SPPA work?

• On the last payment date of the SSI Premium Debt, the system only checks the account to which the automatic payment order is given and perform the transaction.
• If you have sufficient balance in the account, the SPPA limit is not used and your premium debt is paid from your private current account.
• If you do not have enough balance in the account, your Premium payment is made from the limit of SPPA.
• In case of partial balance, the remaining part (premium debt - account balance) is paid from SPPA account.
• (The commission is determined by the amount of the financing, not by the amount of the premium debt)
• The project related to the financing is issued with a maturity of 30 days and with a single installment.
• The accounts of the customer in our bank are scanned on the maturity date (30 days after financing).
• The limits of the customers with SSI Premium Paid Account’s overdue debt are suspended and not financed again.
• The limit is activated automatically after payment is made.
• If the debt is not payed out within 90 days of the due date, the legal follow-up process is initiated.

If you want to pay your premium debt in a planned way without delay, SSI Premium Paying Account is with you!

You can visit our branches for more information and application.

Commission