vadesiz

Vadesiz is a Turkish banking term used to describe a demand deposit or non-maturing deposit account. These accounts are designed for daily financial transactions and liquidity, allowing customers to deposit funds and withdraw them at any time without a fixed term.

Typical features of vadesiz accounts include access through cash withdrawals, debit cards, checks, online banking, and mobile banking. They are commonly used for everyday spending, payroll payments, and household budgeting. In many cases, vadesiz accounts are non-interest-bearing, meaning they do not accrue interest; however, some banks may offer promotional or limited-interest variants under certain conditions. Banks may apply maintenance or transaction fees depending on the account type, balance, or services used.

Vadesiz accounts are contrasted with vadeli hesaplar (time deposits or term deposits), which have fixed maturities and usually earn interest over the term. With vadeli accounts, early withdrawal can incur penalties and the interest rate is typically higher to compensate for the reduced liquidity.

Deposit safety and regulation are important aspects of vadesiz accounts. In Turkey, deposits in participating banks are insured by the Savings Deposit Insurance Fund (TMSF) up to a statutory limit per depositor per bank. The banking system operates under the supervision of the Banking Regulation and Supervision Agency (BRSA) and other relevant authorities, ensuring liquidity, transparency, and consumer protection.

In summary, vadesiz accounts prioritize accessibility and liquidity for routine financial activities, with limited or no interest, and are a core instrument alongside vadeli accounts in Turkish banking.