Citizenship

How To Open A Bank Account In Turkey? What Are The Documents Required For It?

Thanks to the geopolitical location, the blooming economy and its significant history, Turkey has become a point where many foreigners strive to come and invest.

In the recent years the Turkish Republic has alleviated the processes to open a bank account in Turkey for foreigners with the means of some regulations in order to increase investment and make it more convenient to foreigners. These regulations will enable a foreigner who has come to Turkey for working to send easily money to his family abroad, they will enable that the daily life of a foreigner will get easier by being able to take advantage of banking processes and they will enable that the investment and company financial activities of foreigners will be realized considerably faster and many more advantages. However the opening procedures of a bank account for foreigners varies from bank to bank. While taking not long in some banks, it can be the opposite in another. Some major Turkish banks are İş Bankası (Isbank), Yapı Kredi Bankası, TEB, QNB Finansbank, Halkbank, Vakıfbank, ING Bank, Akbank, Ziraat Bankası and Garanti Bankası.

How is the Procedure ?

There are two types of opening a bank account for foreign citizens in Turkey; the first one is the procedure to open a bank account for persons and the second one is for accounts in the name of a company.

The legal procedures and principles in order to be able for a foreign citizen to open a bank account in Turkey are listed below:

  • First of all, the person wanting to open a bank account has to determine a correspondence address.
  • Foreign citizens have to own a tax number to be able to open a bank account in Turkey. The foreign citizen can get a potential tax number by visiting a state tax office with his/her within a time that depends on the density of the office.
  • With the tax number received from the tax office, the foreigner will be able to open a bank account and realize banking processes.
  • Some banks may ask for a mobile phone number of its customers. The foreign citizen needs therefore to procure a telephone number from a Turkish operator company.

The legal procedures and principles in order to be able for a foreign company to open a bank corporate account in Turkey are listed below:

  • Contrary to personal bank accounts, corporate accounts can only be opened by the director owning a signing authority.
  • A tax number needs to be procured from the tax office for the company. The company for which a bank account is to be opened, does not need to be located in Turkey or have financial activities in Turkey. It is sufficient to have a correspondence address.
  • In order to open an account, the competent company director applies to the bank together with the tax number and all documents of the company translated and approved by the notary or consulate. These company documents are the main company agreement, trade chamber registries, commercial register, establishment and activity documents and if available licences.

İşbank: Opening a bank account at İşbank is quick and easily. It is necessary to gather the documents below and apply to the nearest İşbank branch.

  • A valid passport not older than 10 years or a valid residence permit ( if both are not available, and official document approved by the Turkish Ministry of Finance validating the national ID document will be accepted)
  • Your Foreigner’s Identification Number or Tax Identification Number
  • Proof (copy of electric, water, natural gas or phone bill addressed to your name and of the last three months) of your valid residence address in Turkey or the printed address on your passport

Garantibank: Visit the branch in order to get a Mobile/Online Banking password to be able to open an account.

Akbank: Visit branch in order to open a bank account or get an online banking password or call the Akbank expat banking service.

Ziraat Bankası: In order to open a Foreign Currency Current Account or a Turkish Lira Current Account you can apply to our branches or our internet branch.

Enes Sahin

Hello, I am Enes, I write content for Expat Guide Turkey every day. Don't forget to check it out!

57 Comments

  1. Hi,
    I m Indian national working in Oman want to open bank account in turkey please let me know what is the procedure. Want to investment in turkey

    1. Hello,
      Foreigners, who are not residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. Bank account can be opened without foreigner’s presence in Turkey under condition that someone within the country would be provided with Power of Attorney for this purpose issued by Turkish Consulate abroad.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  2. Good day
    I live in Africa, and would like to open an account at your bank. Please can you explain how I can do that without traveling to Turkey.
    Thank you
    Greig Henning

    1. Hello,
      Foreigners, who are not residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. Bank account can be opened without foreigner’s presence in Turkey under condition that someone within the country would be provided with Power of Attorney for this purpose issued by Turkish Consulate abroad.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  3. I”m egyptian 60 years old man, wish to come to istanbul, and purchase a flat, wanna to create account to transfer the cost from my local bank to zeraat bank,
    kindly facilitate my request , ask me about the documents>>>etc,
    Regards

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. Those, who are non residents must provide branch of the bank with passport copy, from residents also residence permit card is required.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  4. I want to open bank account in Turkey. I have Turkey residence and Am citizens of Pakistan .
    Please help how to open and which documents is needed

    1. Hello,
      As a residence permit holder you can easily open account in any bank in Turkey. You need to visit a branch of the bank with your passport and residence permit card.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  5. Hi, my uncle with his wife and a kid live in Turkey Istanbul, they went a few bank around Istanbul and the bank worker didn’t accept to open them bank account because they dont understand English and Turkish, and a limit money they have to put in bank account 30000 Turkish lira to open bank account.
    Info about them, my uncle is 64 year old and my uncles wife is 54 year old their child is 12 year, they rent a apartment In istanbul and they got 1 year residence, they dont have work but my uncles big son is In japan and sending them money,
    They live In uae also about 13 year than move to Turkey, how kan vi solve this problem?
    Best regards Farhad

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. If your relatives do not speak Turkish or Engliah bank can a require a sworn translator to be present during opening a bank account.

      Best Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  6. Hello sir or madam

    I am from Iran and live in Tehran .I wish to open account i Ziraat Bank.Which branch of its do I go ? could you send me an email address of it’s branch, please?
    Best

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. In both cases you are allowed to open account in any branch of the bank.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  7. Hello
    Am a student at Near East University and I wish to open an account. Ok l have seen the requirements but please what do you mean by Foreigner’s Identification Number or Tax Identification Number?
    Thanks and best regards

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit. Foreigner’s ID number is a number, which is issued once residence permit application is approved. Tax ID number can be obtained by every foreigner through interactive tax office website, there is no requirement to be a residence permit holder for this purpose.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

  8. Dear sir . I would like open a non residence account for a buy a home New citizen ship for Turkey please inform us what type documents require from my side . Thanks.

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

    1. Hello,
      Foreigners, who are non-residents in Turkey can open a bank account in Turkey for investment purposes under condition that they deposit amount of at least 6000 USD in the account. This amount can not be withdrawn for three months. Residence permit holders are eligible for opening a bank account with no requirement of making a deposit.

      Kind Regards,

      Are you satisfied with the answers we have given to your questions? Ata Institutional Consuntancy would like to know your feedback. Please leave a comment on our page. https://g.page/r/CT9i2JXthUlOEAI/review

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