Garanti Bank's total volume of tax payment transactions with Bonus Card up by 16 pct in 2016

Garanti Bank recorded a total volume increase of 16 percent for taxes and contributions and payment transactions made using Bonus Card, to RON 2.52 million in 2016, as compared to RON 2.15 million.

According to the bank’s data, clients prefer to pay their taxes and contributions in the first part of the year, rather than in the last part. In 2016, the number of clients that chose to pay their taxes by the end of March was 4.5 higher than the number of clients that made the payments by the end of October last year.

This year, Garanti Bank’s Bonus Card holders can pay their taxes by March 31 by means of three installments with no interest if they make the transactions directly at the counter or online on ghiseul.ro. For Bonus Card Gold and Platinum holders, the option to pay the taxes in installments can be enabled upon request.

“Digital payments are growing significantly from year to year. As a response to this trend we offer our clients the easiest and rewarding payment instruments, simplifying as much as possible the process of paying their annual taxes and contributions“, said Emre Unal, Cards director of Garanti Bank Romania.

Bonus Card is a product unique in Romania. Customers accumulate bonuses every time they perform a transaction with their card, both inside and outside the country. The bonus represents money that afterwards can be redeemed for free shopping in Bonus Card partner stores.

Garanti Bank is part of the financial-banking group Garanti Romania, which brings together Garanti Leasing (the brand under which the company Motoractive IFN SA operates) and Garanti Consumer Finance (the brand under which Ralfi IFN operates).

Garanti Bank is owned by Turkiye Garanti Bankasi AS (TGB), Turkey’s second largest private bank.