Opening a bank account in Turkey Online 2023

Looking to open a bank account in Turkey without leaving your home or office With the rise of online banking, you can now easily open a bank account in Turkey online.

From selecting the right bank to submitting the required documents, our guide will walk you through the entire process, helping you get started with banking in Turkey quickly and hassle-free.

The importance of opening a bank account in Turkey

Having a bank account in Turkey has become one of the most important and necessary necessities to meet the demands of modern life; previously, it was only available to the wealthy, but it is now required to obtain even the most basic services. In the following points, we emphasize the significance of opening a bank account in Turkey:

• Through the bank account, fees due from study and purchase installments, as well as rent, are paid.
• Through it, bills of all kinds are paid, whether water, gas, electricity, or internet.
• The ability to easily transfer money within and outside the country.
• With access to the world of electronic shopping via credit cards.
• As well as carrying out exchange operations between currency categories with reasonable margins compared to exchange shops.
• The contemporary trend has become for banks to adopt smart device applications, as it makes all previous operations possible, without the need for you to visit the bank personally.

What are the types of bank accounts in Turkey

Turkey has recently seen a remarkable development in the fields of banking, perhaps the most notable of which are private, governmental, and Islamic banks, which allow customers to open an account in the simplest of ways and choose the appropriate account for their desires and needs. In this article, we will discuss the various types of bank accounts in Turkey:

Current account

• Through it, many tasks are carried out, perhaps the most prominent of which is the transfer of funds.
• Also check book transactions.
• Loans and credit cards can be repaid.
• Also pay donations, fees and rent.
• In addition to the ability to pay bills, taxes, insurance and social security premiums.
• Trading in securities and instruments.
• The ability to convert between foreign currencies and precious metals.
• Also, paying periodic installments Transferring deferred funds, such as buying real estate in installments in Turkey, and paying the monthly installment amount to the construction company’s account.
• The existence of automatic payment orders, such as transferring an amount or paying a bill automatically every month, for example, as this process is done automatically and scheduled without the need for the intervention of the account holder.

Participatory account

• One of the types of accounts where it is allowed to distribute returns within the scope of profit and loss partnership between the account holder and the bank that operates according to the participatory system.
• The funds collected from participating accounts are also used to finance the trade, industry and services sectors in accordance with the principles of interest-free Islamic banking services.
• Noting that this system does not specify the rate of return at the beginning, but at the end of the term.

Gold current account

• The possibility of using the gold bank account for the purpose of saving and saving.
• As well as buying or selling gold at any time at the price of gold in its time.
• Note that the minimum deal is usually equal to 0.01 grams.
• Where a certificate is issued against the stored gold in the case of banks that have real gold buying and selling operations, perhaps the most prominent of which is Kuveyt Türk Bank.
• With the possibility of withdrawing gold in grams from some branches and ATMs of banks in which real gold buying and selling operations are available, such as Kuwait Turk Bank.

Steps to open a bank account in Turkey

It is possible to open a bank account in Turkey for all residents on its territory, whether students, employees, or teachers, as the financing and banking sector in Turkey enjoys providing an environment that supports competitiveness between banks, which ensures that beneficiaries of opening a bank account obtain various services and many additional facilities and features for the account, we review the steps Opening a bank account in Turkey:

• A proof of address document must be submitted.
• You must go to the Tax Department in person with your passport, in order to obtain a tax number for foreigners for free.
• After obtaining the tax number, you will go to any bank of your choice, with the need to open an account, whether in Turkish lira, dollars or euros.
• The possibility of opening a bank account in Turkey for non-residents, and it is not required to be present in Turkey to complete the process of opening a bank account, when conducting all transactions on the Internet from outside Turkey, and this in turn makes opening a bank account in Turkey for foreigners available, but some banks may need To the Turkish mobile phone number to send a text message to verify ownership.
• It is worth noting that the websites of banks in Turkey support the English and Turkish languages, and some of them support the Arabic language.

What are the conditions for opening a bank account in Turkey

Foreigners residing in Turkey can open a bank account in Turkey, and it is possible to open a bank account without residence, of course, but those who are in Turkey illegally will not be able to open an account in Turkey, and the most important conditions for opening a bank account in Turkey are explained in these points:

• A passport and residence card are required.
• as the tax number.
• Proof of residence is required.
• Also sign the registration form at the bank.

Opening a bank account in Turkey via the Internet

It is easy to open a bank account in Turkey online, as the matter is not complicated, as it requires the presence of a Turkish identity, the presence of proof of residence and a Turkish phone number, and one of the bank numbers in which you wish to open an account is contacted to start the account opening procedures with uploading the required documents on their sites dedicated to this the operation.

Papers required to open a bank account in Turkey via the Internet

Attaching identification papers is an order valid for all banks in the world, in order to prove identity and prevent cases of penetration, fraud and fraud, especially electronic ones. Therefore, the papers required to open a bank account in Turkey via the Internet are as follows:

• A Turkish ID is required (residence card for non-Turks)
• Address verification
• Also a Turkish phone number.
• Also sign the registration form.

Conditions for opening a bank account in Turkey via the Internet

The process of opening a bank account via the Internet is similar to that of opening it directly with the bank, and it is simple and straightforward.

• A personal identity card is required for Turks, and a residence card for non-Turks is required.
• Also having a residence document.
• and a Turkish phone number.
• Fill out and sign the registration form.
• You must contact the bank you want to open the bank account and upload all the required documents.

Using the Internet to open a bank account in Turkey. In this article, we explained the most important conditions that must be met before opening an online bank account, as well as identifying the types of accounts available in Turkey that citizens and residents can deal with and benefit from.

How to open bank account in Turkey without residence permit

Opening a bank account in Turkey without a residence permit can be challenging, but it is possible. Here are the general steps to follow:

1. Choose a bank: First, you need to select a bank that offers accounts for foreigners without a residence permit. Ziraat Bank is known to provide this service, but other banks may also offer it.
2. Gather required documents: To open an account, you will need to provide a valid tax ID and a Turkish address and a valid passport.
3. Visit the bank: Once you have the necessary documents, visit a main branch of the chosen bank and speak with a representative to start the account opening process.
4. Complete the application: You will need to complete an application form and provide the required documents.
5. Wait for approval: The bank will review your application and may ask for additional documentation. Once your application is approved, the bank will provide you with your account details and any necessary banking cards.

It’s important to note that the process for opening a bank account without a residence permit may vary depending on the bank and the specific requirements. It’s recommended to check with the bank beforehand to ensure you have all the necessary documents and to avoid any delays.