What is Direct Debit (DDB)? It is an alternative security system to the Security Deposit and Letter of Guarantee that are required and mandatory for electricity and natural gas subscribers in connection with their subscriptions.
Are there any fees in the DBS system? While a minimum commission fee of 2% is charged to subscribers for letters of guarantee, you pay no commission in the DBS system. Furthermore, since it replaces a cash security deposit, your money stays in your pocket.
How does the DBS system work? Subscribers who open a DBS account at the Kuveyt Türk OSTİM Branch pay their bills to their account at the branch on time. The bill will be automatically collected from the account and transferred to the OSTİM OSB Regional Directorate accounts. There is no need to give any further instructions or follow up.
I have a letter of guarantee that I previously submitted to the OSTİM OSB Regional Directorate. What should I do? Your bank charges a commission for letters of guarantee. To avoid paying this commission, you need to open a DBS account at the Kuveyt Türk OSTİM Branch, retrieve the letter of guarantee from the OSTİM OSB Regional Directorate, and return it to your bank.
I paid a cash security deposit to the OSTİM OSB Regional Directorate, what should I do? The OSTİM OSB Regional Directorate will request a security deposit equal to twice the total amount of the electricity and natural gas bills. Most subscribers' cash security deposits are significantly less than this amount. OSTİM OSB will request an additional security deposit. Instead of paying this additional security deposit, subscribers can simply join the DBS system. The OSTİM OSB Regional Directorate updates security deposits according to the Consumer Price Index (CPI) as required by law. Therefore, previously paid security deposits do not lose value. Subscribers who join the DBS system can either receive a refund of their cash security deposit or choose to have it updated by the OSTİM OSB Regional Directorate and remain in their accounts until their subscription expires.
Advantages of Kuwait Turk OSTIM Branch for companies opening a DBS account:
No fees will be charged for 100 checks collected per year.
No fees (excluding taxes) will be charged for 3 checkbooks of 20 pages each per year.
No fees will be charged for 20 foreign currency transfers per year (excluding SWIFT fees).
No fees will be charged for 10 incoming foreign currency transfers per year.
No annual fee will be charged for commercial credit cards.
Advantageous commission rates will be applied to letters of guarantee.
Up to 12 equal installments available for transactions linked to DBS.
No fees will be charged for EFT and wire transfers made through internet banking. OSTİM Organized Industrial Zone Electricity, Natural Gas, and Maintenance Fee Payment Channels
Banks where you can pay your bills and set up automatic payments
Halkbank
Ziraat Bankası
Türkiye İş Bankası
Garanti Bankası
Akbank
Yapı Kredi Bankası
QNB Finansbank
Denizbank
Kuveyt Türk
Türkiye Finans Katılım Bankası
You can open a DBS account at Kuveyt Türk OSTİM Branch, make payments, and benefit from many advantages.
You can pay with a credit card at the OSTİM OSB Subscriber Services.
You can pay with a credit card via the quick bill payment option on the www.ostimonline.com website.
Note: With the Quick Invoice Payment option, you cannot access past payment receipts.
You can pay your bills by credit card by becoming a member of www.ostimonline.com.
Note: You can access past payment receipts through the invoice payment option.
You can make payments with a credit card through the OSTİM mobile application, which you can download from Google Play or the App Store.
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