The requirements for foreigners to open bank accounts in Turkish banks are as follows
Foreign nationals can open accounts in Turkish banks. The requirements for opening and using an account may vary. These conditions are valid for various banks as of July 2023 (for branches in Alanya).
GARANTI BANK (Not available for Russian citizens), for citizens of other countries:
- International passport
- Turkish tax number
- Translation of internal passport or service bill
- No commission, deposit upon customer’s request
- The bank charges about 1000 TL for insurance
- Turkish SIM card *If you have a RESIDENCE PERMIT, you must register locally and do not need a translation of your internal passport.
ALBARAKA BANK – only open with a residence permit:
- You need to deposit a certain amount for activation when opening an account (approximately 3000 – 5000 euros/dollars)
- No deposit (upon customer’s request)
- Only TL invoice is issued
FIBA BANK: Opens only with a residence permit
ZIRAAT BANK:
- International passport
- Turkish tax number
- Translation of internal passport or receipt. Services
- Minimum deposit of 10,000 euros or dollars (for a minimum of 3 months)
- Turkish SIM card
VAKIF BANK:
- Foreign passport
- Turkish tax number
- Translation of internal passport or receipt. Services
- No deposit, account opening fee – 200$
- The bank charges 0.5% for every transfer, but no commission is charged if the money stays in the account for 1-1.5 weeks
- Turkish SIM card
- From 25.04.2023, it is not possible to withdraw foreign currency transfers, you can only withdraw your money by converting it to TL.
DENIZ BANK:
- International passport
- Turkish tax number
- Translation of internal passport or receipt. Services
- Deposit (minimum 3000 euros/dollars) – for 1 month
- Commission for withdrawing transfer (must be specified for the current date)
- When opening an account, the bank also charges at least 1000 TL for insurance
- Turkish SIM card ****If the account is not actively used, the bank can close the account after 90 days. The customer must understand whether they are opening the account to deposit money and use it actively or to make real estate payments.
