How to Open a Bank Account in Turkey
How to Open a Bank Account in Turkey as an Expat
Navigating a foreign banking system can be challenging for expats. Whether you’re relocating for work, investment, or retirement, a local bank account simplifies financial management. Having a Turkish bank account allows you to receive payments, pay rent, and save on international transaction fees. Understanding the requirements and procedures will make the process smoother.
1. Choosing the Right Bank
Turkey has a mix of local and international banks, each offering different account types, online banking features, and customer support. Choosing the right one depends on your priorities.
- Local banks: Ziraat Bankası, İş Bankası, Garanti BBVA, Akbank
- International options: HSBC, ING Bank, DenizBank
- Features to consider: English-speaking support, online banking, mobile app functionality, currency options
For expats, Garanti BBVA and İş Bankası are known for offering English digital interfaces, which simplify banking for non-Turkish speakers. If you have existing accounts with HSBC or ING, you may find it easier to continue banking with their Turkish branches.
2. Required Documents
Turkish banks have specific requirements to open an account. Ensure you have the necessary documents ready:
- Valid passport (original and copy)
- Turkish tax identification number (can be obtained from the local tax office)
- Proof of residence (utility bill, rental contract, or a document from your local municipality)
- Some banks may also request a valid residence permit
If you don’t have a residence permit, some banks still allow non-residents to open an account, but options may be limited. In such cases, consider international banks with operations in Turkey.
3. Getting a Tax Identification Number
The tax identification number (Vergi Kimlik Numarası) is essential for banking in Turkey. You can obtain it through the local tax office (Vergi Dairesi) by presenting your passport.
Steps to get your tax ID:
- Visit the nearest tax office
- Fill out a simple application form
- Submit your passport for verification
- Receive your tax number on the same day
Some banks offer assistance in obtaining this number to speed up the account opening process, so check with them before visiting the tax office.
4. Visiting the Bank Branch
While Turkey has advanced digital banking options, most banks still require in-person visits to open accounts. Here’s what to expect:
- Arrive with all required documents
- Speak to a representative, who may assist in English
- Sign necessary agreements and disclosures
- Deposit the minimum required balance (if applicable)
- Get your debit card and online banking details
Some banks issue debit cards instantly, while others mail them within a few days. If you plan on making immediate transactions, ensure you ask about temporary card options.
5. Activating Online and Mobile Banking
Once your account is active, enable digital banking for convenient financial management.
Most Turkish banks offer:
- 24/7 money transfers via Turkish IBAN
- Bill payments (utilities, phone, internet)
- Currency exchange for multiple foreign currencies
- International transfer options (SWIFT, Western Union, Wise)
To set up digital banking:
- Download the bank’s mobile app
- Register using your account and phone number
- Set up SMS or app-based authentication
- Customize security settings for safer transactions
Once activated, you can send payments instantly using Turkey’s fast-payment system (FAST) and manage finances without visiting a branch.
Final Thoughts
Opening a bank account in Turkey requires organization, but the process is manageable if you prepare in advance. Choosing a bank with English support, securing necessary documents, and enabling mobile banking will improve your financial experience as an expat. With an active local account, you’ll enjoy easier daily transactions, fewer currency exchange fees, and seamless money transfers.
