21.03.2025 10:01
In recent times, the purchasing power of the Turkish lira has been steadily declining due to the high inflation in Turkey. As banknotes below 200 lira have proven insufficient to meet the market's cash needs, the issue of increasing withdrawal limits at ATMs has come to the forefront. Banks have rolled up their sleeves, especially considering that the demand for cash will rise during the Ramadan holiday.
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An important development is taking place in the banking sector. A new initiative has been launched regarding cash withdrawal limits at ATMs. With this regulation, the daily cash withdrawal limit of users, which is currently 10,000 lira, will be increased.
Preparations for the Ramadan Feast have begun. While there is activity in many sectors, from clothing to basic food, many people are counting down the days to travel during the holiday. Recently, due to inflation, the purchasing power of money has decreased, and the cash needs of the markets are increasing exponentially. According to information obtained from banking sources, banks have initiated work on this issue.
THE CURRENT WITHDRAWAL LIMIT AT ATMs IS 10,000 LIRA
Although it varies from bank to bank, the current daily withdrawal limit from ATMs is around 10,000 lira. However, market sources have called for this insufficient amount to be increased. The economic management is preparing to double the daily cash withdrawal limit from ATMs to meet this liquidity need in the market through banks.
THE CASH WITHDRAWAL LIMIT AT ATMs WILL BE 20,000 LIRA
Therefore, one of the most important steps to be taken will be to increase the cash withdrawal limit from ATMs. A new update for cash withdrawals at ATMs is on the agenda. Market sources expect this limit, which is currently 10,000 lira, to be raised to 20,000 lira. With this update, citizens' cash withdrawal transactions from ATMs will become faster and easier.
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