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Banking Services

We are committed to providing banking solutions for the whole community, we understand that people are different and circumstances change so we offer a flexible range of accounts to all your needs and objectives. You will not only enjoy the highest level of banking services possible but also some of the most competitive interest rates in the TRNC. Your Private Bank Client Service Representatives has been trained to ensure that they make the most of your money whilst it is entrusted into our care.

What follows is some or our core banking services.


Current Account

For your day to day convenience. You can access your Turkish Lira or foreign currency instantly through your current deposit account, make automatic payments and transfer funds through this account.


Overnight Account

It may not be appropriate for you to commit your funds for over a month so for deposits in excess of 100,000 TL in the near future we can offer you an overnight account. This means that you will maintain flexibility but also gain interest on your funds.


Term Deposit Account

To ensure the best possible interest rates we have on offer you will need to open a term deposit account. The amount of interest will depend on the amount invested and for how long you are willing to commit the funds. We offer one, three, six and twelve month accounts. These accounts can be in all the major currencies (TL, GBP, EURO, USD)


Prestige Account

The security of a TL savings account BUT with much better returns.
This account has been specially designed for clients that want to get a bit more performance from their investment without taking any more investment risk than a traditional term deposit. The structure of the account uses a forward contract (a treasury product) and foreign exchange which allows us to give the investor a greater return on their deposit. To make the product efficient it needs to an investment amount worth more than 100.000 ($, €, £) in TL terms. The other fact is that for the investment to be risk free it has to be held to maturity.


Swift Account

Why keep switching and checking your accounts to get the interest rate you want? With the Swift Account you will always have a great rate of interest and option of regular income. The interest rate will track the Central Banks Base rate at a pre agreed set amount over giving you peace of mind.


Personal Loans

For foreign nationals living in the TRNC it can be hard to raise credit but Near East Bank has come up with an innovative solution that can provide customers with credit, (for amounts up to £30,000) without needing guarantors or blocking funds. This solution is particularly designed to fund the purchasing of cars but our pragmatic and logical approach can extend this facility to other financial needs. If you need to generate some funds we would welcome the opportunity to talk through the issues and explore the opportunities we may be able to offer you.
Added to this you will also benefit from the special rates, terms and conditions that the Private Bank has to offer its clients.


Automatic Payments

We know that no one likes to lose time in a queue and whilst we love to see our clients we do all that we can to make your life easier. Our Private Bank Client Service Representatives can make sure your bills are paid directly from your account and on time, regardless of where you are in the world.


Transfer Transactions

You can make all internal and foreign transfers from our branches or online and with a significant discount.


International Transfer

This can be a difficult, expensive and time consuming activity but NOT at Near East Bank. We can offer all our clients needing to transfer funds from the UK a fast (one working day), efficient (can be done via internet banking) and inexpensive way of transferring funds. For our Private Bank clients we can even waive the modest fee in most circumstances and in special situations we can get the funds transferred quicker!
We also offer a comprehensive service to and from the rest of the world.


Insurance

Currently Near East Bank is working with four different Insurance companies (Commercial Insurance, Euro City Insurance, Zirve Insurance, Tower Insurance) so that we can get the right insurance cover at the best price for you. We are here to help you secure all the things that you care for and our Private Bank Client Service Representatives will work with our insurance specialists to aid you with all your questions and requests.