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Opening a bank account in Turkey


Do you wish to open a bank account in Turkey? Find out, in this article, how to proceed.

If you have settled in Turkey, or if you are working there, you will probably want to open a bank account. This should not be difficult provided you fill in all required criteria. Turkey hosts many national and international banks from which you can choose according to your needs and the different facilities and services these offer. HSBC, BNP Paribas, Dexia, etc., are the most popular banks in Turkey. But you can also inquire with your friends or colleagues in Turkey about the most appropriate banks.

You can learn about formalities to fill in by dropping it at a local branch of the bank of your choice. You can as well check if your bank has a local branch in Turkey.


First of all, you will need a tax identification number (TIN) to be able to open a bank account in Turkey. Note that you have to hold a work permit to be eligible for a tax identification number. You can obtain your TIN at the nearest Tax office to your place of residence. You also have to prepare a document containing your personal details such as your full name and address, as well as those of your parents. Proof of address may be requested, but this is not compulsory. You are also advised to check if your personal details have been correctly entered by the Tax office. Otherwise, you might have to undergo the same process all over again.

Then, to open a bank account, you will have to produce your passport, proof of address and a duly filled and signed bank account opening application form. You can choose to open a foreign or local currency account according to your needs. Foreigners are also allowed to open joint accounts.

The same process applied to savings accounts. However, savings accounts owners are eligible to interests at the end of the chosen savings period. Hence, the interest payment will not apply if you decide to close your bank account before this period expires.

 Good to know:

Most foreigners in Turkey prefer to open a local currency bank account in order to avoid complications related to tax evasion or wrong conversion.

Credit card

Some banks may grant a credit card to foreigners. Policies generally differ from one bank to another. Hence, you are advised to inquire with the bank officer before opening your bank account. Note that obtaining a credit card might be easier if you have a work permit, which is a sort of guarantee. Other conditions may also apply.

Internet and telephone banking

Once you have opened your bank account, you may register for internet and telephone banking. Most Turkish banks provide e-banking services in English for foreigners.

 Useful links:

Central Bank of Turkey
Halk Bank
Yapi Kredi
Turkish Banks Association
Tax Offices

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Member since 01 June 2008
Small earth, Mauritius
1 Comment
2 years ago

You need a residence permit.


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