Open Bank Account in Turkey for Foreigners

With the developments in Turkish banking system at the last 10 years, the general condition has reached the qualification meet all needs and desires of foreigners with links to Turkey. Offered with a variety of services from different nationalities who are citizens of Turkey, or just foreigners living in Turkey, they can work with Turkey’s various private, public and Islamic banks.

There are a lot of advantages offered by banking institutues for foreigners in Turkey . They can be listed as invoice payments, to receive money from abroad, such as pensions, or to appreciate lucrative savings interest rates like most foreigners.

As FlytoEstate, we offer opening bank account services without problem for all customers who work with us for the concept of Turkish citizenship services or invest. However, if you choose to carry out these processes on your own, the information below will guide you.

How to Open a Bank Account in Turkey ?

The documents are defined below while opening a bank account in Turkey :

• Passport (The bank will get a photocopy for registration.)
• Turkish Tax Identification Number
• A document that proofs your residential address in Turkey (This may take the form of a bill such as electricity or water in the last three months.)

How to get Turkish Tax Identification Number ?

If you previously purchased a property in Turkey, you already supposed to have a tax identification number. Otherwise, you can get a tax identification number by going to the Tax Office at your location and applying with your passport only.

Popular Turkish Banks for Foreigners

Yapı Kredi has an individual banking section on its websites in English for foreigners. Yapi Kredi, Turkey’s fourth largest private bank with 908 branches.

İşbank calls itself “the Turkish bank for foreigners”. There is a separate “foreign banking” section on English websites, and its branches, which provide banking services for foreigners, offer one-to-one communication with English-speaking representatives.

Denizbank is especially popular with foreigners who want to deposit money in an interest saving account, as it offers one of the best rates in the market. It reinforces this popularity thanks to its English-speaking staff in individual branches as well as an English website.

Garanti, another private bank’s overseas banking division, focuses on providing all its services in English, including internet, telephone banking, ATM and English-speaking staff at some branches. Garanti is also a Western Union organization.

Akbank also has overseas banking branches. In addition to the standard services, there are some advantages such as tax consultancy services and a foreign traveler card issued to earn miles while traveling. Akbank is another bank associated with Western Union.

Other options include state-owned Ziraat, Halk and Vakıf banks. Turkey is located a few Islamic banks such as Al Baraka and Kuveyt Türk.