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Closing your inactive Turkish bank account

17th June 2014

There have been many people who have been confused about the banking regulations regarding bank charges issued to inactive accounts.

This ruling in in place and has been since 1st September 2013. The regulation implemented by the Turkish Banks' Association (TBB) and the Banking Regulation and Supervision Agency (BDDK), states that holders of accounts showing no activity, such as;
transactions or deposits for more than 180 days will have 30 days to close such accounts or face fees of up to 10 TL per month of inactivity.

Although these regulations DO apply, many banks in Turkey are not yet enforcing these charges.

It is advisable for those with bank accounts in Turkey that are not being used to close them down.



How to close a bank account

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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