Open Bank Account in Turkey


The documents you need when opening a bank account in Turkey

The process of opening a bank account in Turkey is easy and you will need basic supporting documents that are easy to present as follows:
1- Turkish residency, if any.
2- A valid passport.
3- A tax number that can be obtained from one of the tax department offices within minutes.
4- A document proving the customer’s address, such as a bill for electricity, water, or internet services, or the address entry issued by the Turkish Civil Affairs Department, and it is accepted to submit an electronic copy that can be issued through the e-devlet.

What are the most important local and international banks operating in Turkey?

  • Türkiye Ziraat Bankası
The first bank in the history of the Ottoman Empire was opened in 1888, bearing the name Agricultural Bank (Ziraat), which is the oldest bank in Turkey.
Ziraat Bank owns more than 4,163 ATMs and more than 1,545 branches. Its branches are distributed in all Turkish cities, with more than 24,374 employees working in them.
The oldest bank in Turkey includes a number of financial companies, which provide their distinctive services to various commercial sectors, and social groups of citizens and residents, such as:
  • Ziraat Retirement Company.
  • Ziraat Leasing Company.
  • Ziraat Insurance Company.
  • Ziraat Technology Company.
  • Ziraat Finance Portfolio.
  • Ziraat for local partnerships.
Ziraat Bank also has international branches outside Turkey, such as the New York branch, London, Bulgaria, Georgia, Baghdad, Erbil, and other branches around the world.
It is worth noting that the bank recently launched branches for Islamic transactions under the name of Ziarat Katilim Bank.
Granti Bank was established in 1946 in the Turkish capital, Ankara, and is a private commercial bank that provides services to individuals and investors, in addition to its services in the insurance sector.
It has more than 1000 local branches in addition to its branches outside Turkey, such as Luxembourg, London and Shanghai.
  • AKbank
AkBank opened in 1948 in Adana, intending to finance cotton merchants at the time. Most of its ownership belongs to the Sabanji family, and it currently has nearly 1,000 branches distributed throughout Turkey.
This Turkish commercial bank was able to occupy an important position on the list of the top 500 banks in the world for 4 consecutive times.
  • Anadolu Bank  
Anadolu Bank was established in 1997, and it has about 120 branches distributed in all Turkish cities, and one branch in the Netherlands.
This bank supports small and medium enterprises in Turkey and aims to encourage young people to launch their own projects, which will positively affect the development of entrepreneurship and its prosperity in the Turkish economy.
Through Anadolu Bank, various bills and taxes can be paid such as income tax, car tax, corporate tax, in addition to paying traffic fines.
The most important Islamic banks in Turkey
  • Kuveyt Türk Katılım Bankası 
Kuveyt Türk Katılım Bankası is the favourite bank of Arab investors and one of the most famous Islamic banks in Turkey today. It is the largest Islamic bank in Turkey according to the size of its financing balance, and it has more than 290 branches around Turkey.
Kuveyt Türk Bank won the award for the best research and development centre in the banking and finance sector in Turkey 4 times and has achieved the highest net profit rate over the past few years.
A senior partner of The National Commercial Bank, as well as the Boydak Holding and the pioneering Ulker Group.
TÜRKİYE FİNANS KATILIM BANK was established in 1987, and it has recently achieved net profits of 375 million 360 thousand Turkish liras (99.8 million dollars).
  • Al Baraka Turk Bank
It is an Islamic bank established in Istanbul in 1984 by Al Baraka Banking Group, one of the most important groups in the Middle East, the Islamic Development Bank, and a Turkish trading partner.
The bank has many branches inside and outside Turkey, such as the United Kingdom, China, South Africa, and Australia.
It is distinguished based on the idea of sharing profits and not on the traditional interest system, so it is one of the pioneers of Islamic banking in Turkey.


Q: What are the necessary documents to open a bank account?
A: Required documents to open a bank account are as follows:

2-Turkish Tax ID Number.
3-Proof of address – A utility bill of the last three months where your name and home address are written. If the utility bill is not in Latin characters, banks ask for notarized translations.

Q: Is there a cost of opening a bank account in Turkey?
A: No. You do not need to pay when opening a bank account in Turkey.

Q: How long does it take to open a bank account in Turkey?
A: After getting a tax ID number at the tax office, it takes about two hours time to get your tax ID number monitored at banks. It takes less than one hour to open a bank account if your documents are ready.

Q: Which banks in Turkey can I have a bank account at?
A: You can open a bank account at any bank in Turkey.

Q: Are there mobile applications of Turkish banks?
A: Yes, all banks have their mobile applications, even they are available in English.

Q: Which currencies can I have in my bank account?
A:You can open a bank account in all currencies in Turkey.

Q: What is the SWIFT code?
A: SWIFT is an abbreviation of the Society for Worldwide Interbank Financial Telecommunication. Each bank has its own unique swift code. Therefore, each swift code is a unique bank account registration ID. If you transfer money abroad, a SWIFT number is enough to define the receiver’s bank account at the international level.

Q: What is the IBAN number?
A: IBAN number is a combination of swift code and bank account number of the receiver. You need an IBAN number for each money transfer.

Q: What information do I need to transfer money from abroad to Turkey?
A: Required information to transfer money to Turkey is as follows;

Receiver’s full name:
Receiver’s full address:
Bank & branch name:
Receiver bank address:
Receiver’s IBAN number:

Q: Can I withdraw my money the same day as it drops in my account in Turkey?
A: Yes, your money does not have to wait at the bank for any period. However, it is crucial that you inform the bank the day before you want to withdraw your money for amounts over 50.000 TL.

Q: Is there any difference between state banks and private banks in terms of security?
A: No. All banks are under state guarantee.

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