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Money / Banking

How to open a bank account in Turkey;

You will need;

- Turkish tax number (Vergi Numerasi)
- Your passport
- *Foreigners identity number (YKN) (*where applicable)
- Utility Bill
Note; Most banks will require a YKN - See also What is a YKN?

Do I need a Yabanci Kimlik Number (YKN - Foreigners Identity Number) to open a bank account in Turkey?
This is not a compulsory requirement and you can open a bank account in Turkey without a YKN. Some Turkish banks will accept a Turkish tax number, original passport (and Utility Bill).

Opening a Bank Account
You may open a bank account in your own name. Please show your original passport & Turkish Tax Number.
A Turkish tax number can be obtained from the local tax office. (Vergi Dairesi). Please visit your local Turkish tax office. (Maliye Vergi Dairesi) And give them a copy of your passport.(photo page) and request a Tax Identification number (Vergi Numarası) This is free and will only take a few minutes. Shortly after you will be issued a Turkish tax number.

A bank account can be opened in any Turkish City.
You will need to complete the relevant forms at the bank.

Online banking - All Turkish banks offer online banking; please ask your branch to arrange this online service

(!) Are you looking to open a bank account for Turkish Residency? Contact YellAli for Professional Assistance

Turkey's Major Banks;

All of the below banks provide Internet banking, telephone banking and ATM banking services in English

Akbank
Denizbank
Finansbank
Garanti
İş Bankası
TEB
Yapıkredi

Foreign banks operating in Turkey:

Citibank
Eurobank Tekfen
Fortis Bank
HSBC
ING Bank

Please note: You are required to make the application in person, for both a Turkish tax number and a bank account.
You do not need to live in Turkey or have a Turkish address to get either a Turkish tax number or open a bank account. Please speak to your local bank for full details.


Disclaimer: The information on this site is provided as a general guide. Information published to YellAli is confirmed by official bodies in Turkey. Whilst every effort is made to ensure that the site is up to date and accurate, information may be subject to change at any time. YellAli does not accept any responsibility or liability for inaccuracies in this information.



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There are no limits on the amount of money you can take into Turkey.

If you arrive from a country outside of the EU with 10,000 Euros or more (or the equivalent amount in another currency), you have to sign a declaration form.

You can complete the form at the HR Revenue & Customs - (Available at the port of entry)

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Each time you are leaving Turkey, you cannot take out more than 5,000 US Dollars in cash or equivalent amount of other foreign currencies or Turkish Lira. However there is no limit on the amount you can transfer through a Bank.

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The banks in Turkey open from 9am - 5pm Monday to Friday. The banks are closed on public and national holidays.

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You can find a trusted financial adviser via the YellAli business directory

Are you seeking; investment / financial help & advice? Please see below

Find Financial advisers in Turkey


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Turkey's Major Banks;

All of the below banks provide Internet banking, telephone banking and ATM banking services in English

Akbank
Denizbank
Finansbank
Garanti
İş Bankası
TEB
Yapıkredi


Foreign banks operating in Turkey:

Citibank
Eurobank Tekfen
Fortis Bank
HSBC
ING Bank


The banking system of Turkey offers a wide range of advanced and modern banking and financial services.


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The Banks Association of Turkey is a legal entity which regulates the banks and ensures they all comply with regulation and standards set by the association.
All banks in Turkey are regulated by the T.B.B (Türkiye Bankalar Birliği)

Bank Association of Turkey website (in English) www.tbb.org.tr/en/home

Article 1-(1) The Banks Association of Turkey is a professional organization, which is a legal entity with the status of a public institution, established pursuant to Article 19 of the Banks Act. The head office of the Association is in Istanbul and it is entitled to establish necessary organization throughout the country.


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If you want to close your Turkish bank account (from any bank) please speak with the bank's representative and state that you wish to close your account.

You will need;

- Your Customer Number,
- Your ID Number
- Your Account Numbers
(these can be provided by the bank if you do not know them)

Next, you will need to submit a written petition stating you want to close your account. (If inside the bank)

It takes only 1 day to close your Turkish bank account.

(Tip: Obtain a signature from the bank representative / or manager confirming that your application has been received. Because if for any reason the bank does not close your account, you can prove that you did apply for the account to be closed)

Tip: Request that the bank sign a paper to confirm the account is now closed and to state that no charges/or further charges will be applied to the account

Making a complaint
If you are not happy with the services you received from the bank, you can make a formal complaint to the "Banking Regulation and Supervision Agency (BDDK)"
www.bddk.org.tr


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