How can you open a bank account in Turkey ?

Created: 2021-10-24
Last Updated: 2024-04-19
Views: 1940

Content Index

What is the need to open a bank account in Turkey?
Types of bank accounts in Turkey:
Documents required to open a bank account in Turkey:
Steps to follow in order to open a bank account in Turkey:
How can a non-resident open a bank account in Turkey?

Most of the residents in Turkey prefer to open a bank account, whether they are local residents or foreigners, and this is only in order to facilitate their transactions and benefit from various banking services, especially after Turkish women witnessed qualitative leaps that covered all sectors of life, and the Turkish economy witnessed a remarkable development, especially In the current year and after all that, Turkey has become a magnet for many investors around the world and has achieved an advanced global rank.
But how to open a bank account in Turkey? What are the types of bank accounts in Turkey? What are the most important papers that must be provided in order to open a bank account in Turkey? Everything related to this topic can be found in the following article.

What is the need to open a bank account in Turkey?

In the beginning, opening a bank account was the preserve of businessmen and important and prestigious personalities, but today it is no longer the case, but it has become available to everyone in order to make their lives easier and meet all their needs. The bank number can be used in these situations :
-Pay the fees due such as school fees/purchases/rents etc.
-Pay all bills such as electricity/water/gas/internet bills.
-Through this account, money can be transferred to and from Turkey very easily.
-Through it, it is possible to shop electronically through a credit card. This is characterized by the fact that banks learn about smart systems where all fees incurred can be paid without the need to be at the bank in person.

Types of bank accounts in Turkey:

1- Commercial account:
It is an account that does not have a term that expires and through which money can be withdrawn and deposited at any time, but it does not provide the account holder with any profits, and through it it is possible to transfer money, carry out transactions, repay loans, pay donations, and transfer between foreign currencies.
2- Participation account:
This account stipulates that both the bank owner and the customer must share the profits or losses that result since the money that the customer puts in the bank is used in Islamic commercial, industrial and banking businesses.
3- current gold account:
It is one of the types of bank accounts in Turkey and it is not restricted to a term. What distinguishes it from other types of other accounts is that the funds are evaluated as gold, and there are many banks that evaluate these funds with precious metals other than gold.
The current gold account is the favorite of many people, because it is the best way to save and save money, and gold can be sold at any time, and in this context, it is possible to withdraw gold or some fines from it from ATMs.

Documents required to open a bank account in Turkey:

Among the most prominent papers that must be available to open a bank account in Turkey is the residence number under which it is evaluated in Turkey, the passport and it can be obtained in easy steps, in addition to a document proving the residence address.

Steps to follow in order to open a bank account in Turkey:

1- Provide a document proving the current residential address.
2 - You must go to the tax department in order to obtain the tax number, and that can be done within a few minutes only.
3- Later, one must choose one of the banks that are located in Turkey and open an account either in Turkish lira or in one of the other foreign currencies.
4 - It is worth noting that non-residents in Turkey can open an account and it is not required to be in person, and this can be done online, especially since many of the websites of Turkish banks support the English language besides Turkish and some of them support Arabic as well.

How can a non-resident open a bank account in Turkey?

-First of all, the type of account that will be opened must be determined. In this case, the customer must have a valid residence permit so that things can be done smoothly. But if he does not have a residence permit, the matter will be possible, but it will be more complicated and difficult.
The most important banks that can be chosen in Turkey:
- Turkish Agricultural Bank: It is considered one of the most important banks in Turkey. It was established a long time ago, dating back to before the First World War. It has many branches, which numbered approximately 1545 in various parts of Turkey.
- Kuveyt Turk Bank: It is the third Islamic bank in Turkey. It has many branches, numbering up to 340. It also has a number of branches outside Turkey.
-Anadolu Bank: It is one of the most important banks in the country and has 120 branches in Turkey and a branch outside it located in the Netherlands.
One of the important details in Turkey is to open a bank account, as its importance lies in facilitating many of the details of life, as it can be opened very easily.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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