Turkish banks compete for retirees with new promotion packages

Turkish banks have entered a period of intense competition to attract retiree customers, offering updated promotion packages for September 2026. Financial institutions are providing various incentives, including cash payments and additional rewards for using credit cards, setting up automatic bill payments, or taking out loans.

Specific offers include Şekerbank providing up to 35,000 TL, ING offering up to 32,000 TL, and Yapı Kredi offering up to 30,000 TL. Garanti BBVA offers up to 25,000 TL, while Akbank provides up to 15,000 TL in promotions.

Experts warn retirees to be cautious of high advertised figures, noting that many total amounts are contingent upon meeting complex requirements or using additional financial products. Furthermore, social security experts highlight that continuing to work for low wages after reaching the required premium days can actually decrease the final monthly retirement pension, as it lowers the average earnings base used for calculations.