Main titles:

– Conditions for opening a bank account in Turkey

– Documents required to open a bank account

– The cost of opening a bank account in Turkey

– Opening a personal bank account and a company account

– Tamturkey services to open an account in Turkey

– Support and customer satisfaction for opening a bank account

– Who needs to open a bank account in Turkey?

– Bank account benefits, bank facilities, commissions and fees

– Important points after opening a bank account in Turkey

According to the strict rules that the government has considered for all Turkish banks, opening a bank account in Turkey faces many restrictions.

According to the latest laws and economic solutions of the government in banking affairs, all foreigners can have a bank account if they have certain conditions, including financial conditions and buying property and investing in Turkey, etc.

There are restrictions on opening accounts in all Turkish banks for foreign nationals, and not all banks open accounts for foreigners, but it can be said that only Ziraat Bank (Ziraat Bankası) has fewer restrictions than other banks.

Apart from Ziraat Bank of Turkey, we can mention VakıfBank and İşbank that in some cases foreigners can open an account and if they have the conditions and the cooperation of the bank manager, they can open an account. open a bank account

TAMTURKEY company provides account opening services for all its customers in Ziraat Bank, VakıfBank, İşbank.

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Required documents to open a bank account in Turkey:

Carrying your passport and tax number is the Vergi number, which you must obtain before going to the bank.
Tamturkey’s team obtains a registration number online for its customers without charging a fee.

Having a Turkish SIM card or an international SIM card:

Having a Turkish line is the main requirement for opening bank accounts because the activation message, security and other banking messages will be possible with Turkish line.

Of course, you can buy a Turkish line and SIM card with your passport, but keep in mind that SIM cards have a limit of 1 to 3 months of use in Turkey.

If you have an international SIM card that can receive bank SMS all over the world, you can use it in the bank.

Valid address in Turkey :

Due to the fact that in some cases people need to receive a bank card with their name engraved on the card, applicants for opening a bank account must provide a valid address to the bank to confirm their residence and send the bank card to that address by mail. he does.

Required documents to open a corporate account:

After people register a company in Turkey (read this post to learn more about how to register a company in Turkey), they can open a bank account for their company by presenting their personal documents and the documents of the registered company to the bank.

Branches of Ziraat Bank or other banks will open a corporate account after confirming your corporate registration documents.

However, the restrictions of opening a corporate account are more than that of personal accounts, and banks do not easily open accounts for companies, so make sure to open a corporate bank account before registering a company in Turkey.

It is necessary to explain that Tom Turki Group opens bank accounts for individuals and even companies in compliance with the rules and conditions of opening bank accounts without restrictions and with the guarantee of receiving fees after performing services for all customers and foreign citizens.

Important points about corporate accounts:

There are some points that you should be aware of before opening a company account in Turkey, which we will discuss below.

The difference between corporate accounts and personal accounts is that corporate accounts do not have the limitations of personal accounts and you can make large amounts and high account turnover through the corporate account.

Keep in mind that in Turkey you cannot have commercial use of personal accounts and it is prohibited, this law applies to both foreigners and Turkish citizens.

Corporate accounts can be accounts of partners and shareholders, i.e. multi-signature accounts.

Bank accounts in the name of the company can be used for financial and credit transactions in the world.

Receive money and remittances in any amount from banks all over the world, except countries and banks that are sanctioned and those countries are on the FATF money laundering blacklist.

What is FATF?

FATF actually stands for Financial Action Task Force on Money Laundering and is an organization formed in relation to financial affairs.

FATF is not a treaty, it is an intergovernmental organization. “Financial Action Task Force – FATF”

It is also possible for bank customers to use EFT transfers through Internet Bank.

As we mentioned, after registering the company, we can open a company account for you in one day with the name of the registered company.

Opening foreign currency accounts in Turkish banks

At the same time as lira account is opened in the bank, a euro, dollar, pound, CHF account is also opened and a separate account number and notebook is issued for foreign currency accounts.

But the issued bank card is the same card and all your accounts are connected to it, and after opening a bank account, you can deposit your foreign currency earnings into this account.

By opening a bank account in Turkey, you will be issued an international visa card or master card on the same day, which can be used all over the world.

It takes about 7 to 10 days to issue master and visa cards in Turkey, if a passport name needs to be engraved on the card.

It should be noted that these cards do not have a password and basic settings upon delivery, which our team will activate for you through the bank application and teach you how to use it.

Credit card and debit card

Banks in Turkey have both types of debit and credit cards.

Receiving any of these cards does not have any special conditions and rules, and it is only possible to deposit money with a certain amount and for a certain period of time.

Obtaining both types of these cards is possible for foreigners, but the bank card is issued in two ways, in the first case, when the account is opened, without the person’s name on the card, and in the second case, when the person receives the credit card and the name The person must be engraved on the card, which will be issued and sent to the registered address within 7 to 10 days.

It should be noted that in order to receive a bank credit card, it is not necessary to have Turkish residence or short-term residence such as study residence or work residence.

What is the difference between debit card and credit card?

The main difference between debit card and credit card is in their usage.

You must have a debit card to use government services such as NOTER and buy or pay online on sites such as Google GOOGLE.COM and Amazon.

Credit cards are mostly for purchases that a person buys in installments and uses the facilities of his credit card compared to the money in his credit account.

Of course, both of these cards are VISA KART cards or MASTER KART cards, and the card holder can use them anywhere in the world, except for countries that are not connected to the global banking system.

It is very difficult for foreigners to get a credit card in Turkey because people first have to open an international account and after the time has passed and deposited in the bank, get a credit card.

However, TAMTURKEY company, due to its strong relationship with various bank branches, at the time of opening an international bank account for its customers, obtains both VISA bank cards, VISA KART card or MASTER KART card from the bank for the customers.

Ziraat Internet Bank application of Turkey:

Ziraat Bank is one of the prominent and reliable banks in Turkey that has facilitated the opening of accounts for foreigners.

Ziraat Bank has one of the strongest internet banks and has great facilities for its customers among Turkish banks.

Through Internet Bank, you can manage your account, make card settings, including password changes, and enable online shopping.

Also, the Mobile Bank of Zareet has many useful features.

The Ziraat application provides features such as opening long-term and short-term deposits, connecting to the stock market and Turkish stock exchange account, paying water and electricity bills, gas, internet, driving offenses, etc., among the features of this application.

Buying and selling dollars, euros and other currencies at daily rates and like an exchange is one of the practical features of this application.

Limit of withdrawal and deposit of money transfer in Ziraat Bank:

The limits defined for each portal and platform under the Bank of Turkey are different.

The limit of depositing to bank accounts through EFT transfers is unlimited.

The deposit limit through SWIFT and Western Union is unlimited, but for amounts above 100,000 dollars, it must be submitted to the bank in person or to provide documents showing the transparency of the origin of the money and the reason for the deposit.

There is an unlimited number of withdrawals through Zareem Bank branches. Through EFT transfers, you can withdraw up to 200 thousand liras from the account every day.

To receive money through ATMs (automatic teller machines) in Turkey, you can withdraw 5 thousand liras every 24 hours without fees.

You can withdraw up to 10,000 TL per day from ATMs outside of Turkey that accept Visa and MasterCard.

The limit of internet purchases with Zareet Bank bank card is 100,000 liras or its equivalent for any currency every 24 hours.

The limit of transferring money from Ziraat Internet Bank to other banks is 200 thousand liras and to Iban bank account in Ziraat is 500 thousand liras.

The limit of SWIFT from the dollar account to other accounts is 10,000 dollars for a personal account and 20,000 dollars for a corporate account.

If you need to transfer more than the stated limit, you should go to the bank and make the transfer inside the bank.

Bank interest of the Bank of Turkey:

Bank interest in Turkish banks is between 9 and 18 percent, which varies based on the amount, type of deposit and even the bank branch. In Turkey, unlike other countries, long-term deposits do not receive much interest, and usually banks tend to have 3-6 month contracts with depositors.

Bank interest in 2023 for Lira deposits is set at 10%.

For dollar deposits. Euros and other currencies will also receive 1.3% annual interest for one month of deposit.

Of course, the important thing about long-term deposits with large amounts can be discussed with the branch management and even receive up to 20% interest, and the final decision in this case can be taken into account by the branch manager.

It should be noted that due to security reasons, the possibility of logging in from outside Turkey was blocked by default for these softwares. In the new version, after importing and selecting the initial settings of the software, you can activate account access internationally all over the world.