How to Choose a Retirement Promotion? Tips for Making the Most Profitable Choice
Retirement is one of the periods when financial peace of mind and smart budgeting matter the most. Promotion payments offered by banks to attract pension salaries can provide an additional source of income. However, focusing only on the highest amount may not always be the best decision.
So, with this guide compiled by Abonesepeti, how can you choose the right promotion? Here’s what you should consider:
1) Not Just the “Amount,” but the “Conditions” Matter
For example, one bank may offer 15,000 TL while another offers 12,000 TL. However, the higher offer may come with extra conditions such as credit card usage, setting up additional bill payment instructions, or committing to a certain spending amount. Always check whether the promotion is unconditional or tied to extra requirements.
2) Digital Banking and ATM Accessibility
Does the bank you plan to use have an ATM near you? Is its mobile app suitable for your age and usage habits? Having to travel far every month just to withdraw your salary can reduce the value of the promotion you receive.
3) Check Extra Benefits: Reduce Your Subscription Expenses
Some banks offer retirement customers additional perks such as:
Free money transfers (Havale/EFT/FAST),
Higher deposit interest rates,
Extra cashbacks for bill payment instructions.
Especially the advantages you get from paying bills can help you save significantly in the long term for subscriptions you manage through Abonesepeti.
4) Pay Attention to the Commitment Period
When you receive a promotion, you typically commit to receiving your pension salary from that bank for 3 years. If you want to switch banks before the period ends, you may need to refund the remaining portion of the promotion. When choosing, consider whether you’ll be satisfied with that bank for the next 3 years.
5) Ease of Application
You no longer need to visit a branch. Many banks allow you to move your salary easily via e-Devlet or through mobile apps. Similar to Abonesepeti’s approach, choosing banks that follow the principle of “maximum efficiency with minimum effort” can save you time.