Guide to Opening a Bank Account in Turkey

Opening a Bank Account in Turkey

Opening a bank account in Turkey is an important step for both local and foreign citizens. While this process facilitates daily financial transactions for those living in Turkey, it also opens the doors for foreign nationals to do business, work or invest in Turkey. This guide provides comprehensive information about the banking system in Turkey, while explaining the process of opening a bank account in a simple and straightforward manner.

Turkey stands out for its developing economy and vibrant financial sector. Banks in big cities such as Istanbul, Ankara, and Izmir offer a variety of banking services and services of international standards. This guide will facilitate this process by providing detailed information about the process of opening a bank account in Turkey, the required documents, account types, and banking services.

For foreign nationals, students, entrepreneurs, and investors who want to open a bank account in Turkey, this guide explains what to do step by step. It also provides information on topics such as banking regulations in Turkey, foreign exchange transactions, and international money transfers.

Prepared for anyone who wants to do banking transactions in Turkey, this guide will introduce you to Turkey’s financial system and make your bank account opening process easier. Come on, get ready to step into the banking world in Turkey.

Step 1: Prepare the Required Documents

To open a bank account in Turkey, you may need to prepare the following documents:

Proof of Identity: A valid identity document is required to open a bank account in Turkey. A passport or residence permit for foreigners is among these documents.

Proof of Residency: Some banks may require a local proof of residency. This document is important for non-residents of a residence permit.

Tax Number: A tax number is needed when opening a bank account in Turkey. You can get the tax number from the Turkish Tax Office.

Photos: Have photos ready for identity verification.

Step 2: Choosing a Bank

There are many banks in Turkey, and each one has different fees, services, and benefits. When choosing a bank, consider the following:

Fees and Commissions: Account maintenance fees, card fees, and other commissions may differ from bank to bank. Compare these fees to choose the one that suits you best.

Branch and ATM Access: Pay attention to the bank’s network of branches and ATMs throughout Turkey. Choose the one that best suits your need.

Language Support: Some banks offer services to foreign customers in English or other languages. If language support is important to you, consider this factor.

Step 3: Contact the Bank Branch

After choosing the bank, go to the nearest branch and apply for the bank account opening process. Bank officials will review the necessary documents and process your application.

Step 4: Account Opening Process

The account opening process may include the following steps:

Identity verification and review of documents.

Selection of the type of account (checking account, deposit account, etc.).

Filling out the signature circular.

Receipt of the tax number by the bank (if any).

Step 5: Start Using Your Bank Account

Once the account opening process is complete, you will now have a bank account in Turkey. With this account, you can perform the following actions:

Deposits and withdrawals.

Using electronic banking services.

Applying for credit and debit cards.

Pay bills and give automatic payment instructions.

Important Information

The procedures for opening an account in Turkey may differ from bank to bank, so it is important to familiarize yourself with the requirements of each bank.

You may need to apply to the Turkish Tax Office to obtain a tax number.

Pay attention to security when using your bank account and carefully monitor ATM or internet banking transactions.

The process of opening a bank account in Turkey is usually quick and easy, but each bank’s policies and requirements may be different. For this reason, it is important to visit the website of the bank of your choice to access up-to-date information before applying.

Managing Your Bank Account

Banka hesabınızı başarıyla açtıktan sonra, aşağıdaki konulara dikkat etmek önemlidir:

Balance Tracking: Regularly check how much money you have in your account. You can track your balance through the mobile applications offered by the bank or through internet banking.

Bill Payments: You can make bill payments using your bank account in Turkey. You can easily make payments such as electricity, water, natural gas, phone bills.

Money Transfers: You can make money transfers on domestic and international flights. You can send money within Turkey or internationally with EFT and wire transfer transactions.

Credit Card and Debit Card: You can use your credit or debit card linked to your bank account. You can make your purchases with these cards.

Deposit Accounts: Banks offer different types of deposit accounts. You can evaluate your savings using these accounts.


The security of your bank account is important. Pay attention to the following safety precautions:

Password Protection: Use a strong and unique password when logging in to online banking. Do not share your password with others.

Two-Factor Authentication: Keep your account more secure by using the two-factor authentication methods offered by your bank.

Information Security: Keep your bank account information safe. Be especially careful in open spaces or when using shared computers.


Income from bank accounts in Turkey is subject to tax. Therefore, it may be necessary to pay taxes on your income. You can contact your local tax authority for more information on taxation.

The Importance of Opening a Bank Account in Turkey

In this guide, we have examined in detail the steps of opening a bank account in Turkey, the requirements, and the tricks of the process. This information, which provides an overview of the banking system in Turkey, is particularly important for foreign nationals, entrepreneurs, students, and investors. Opening a bank account in Turkey not only facilitates day-to-day financial transactions but also provides access to business and investment opportunities in the country.

Turkey’s dynamic economy and thriving financial sector offer a favorable environment for international transactions and investments. Banks located in big cities such as Istanbul, Ankara, and Izmir respond to all kinds of needs with various account types and a wide range of services. This guide will make the process of opening a bank account in Turkey understandable and help you overcome the difficulties you may encounter in this process.

Familiarizing yourself with the bank account opening procedures, required documents, and banking regulations in Turkey ensures that this process is completed smoothly and efficiently. This guide has provided valuable information and tips to make your financial transactions in Turkey easier.

For anyone looking to open a bank account in Turkey, this guide serves as a starting point. You are now ready to start your banking transactions and take advantage of Turkey’s financial opportunities. We wish you a successful and trouble-free experience in Turkey’s financial world.