Open a Bank Account in Turkey
Many foreigners are coming to Turkey for buying a property and making an investment. The initial step for foreigners when buying a property is, opening a bank account in Turkey. Normally, it is a simple and straightforward process. The main difficulty that foreigners might face in this process is the lack of language. Do not worry! We assist our clients to open their bank account as at any stage of property purchasing with us.
At the registration, you need your passport (most of the banks ask for notary approved passport translation), tax ID number, and address proof document. The address can be prooved by residence permit (İkamet Tezkeresi) or utility bill in your name. This utility bill might be even from your country. They need to see your name and your house address on the bill.
Having a good relationship with your bank is important. We recommend our clients to work with only one bank so that they can establish a good relationship with their bank. The more transaction you make through a bank, the better you will be known by the bank and the more you will be welcomed.
There are a number of benefits of having a bank account in Turkey. Some of these are;
- You can transfer your money from your country to your own account in Turkey whenever you need it.
- You can make automatic payment orders for your utility bills.
- You don’t have to carry cash with you, you can use your debit card for payments.
- Turkish banks provide high interest for your savings when you invest in the Turkish Lira.