Opening a bank account in Turkey is one of the most important steps for foreigners who plan to buy property, invest, or live long-term in the country. Whether you are applying for Turkish citizenship by investment, purchasing real estate, or simply managing daily expenses, having a Turkish bank account will make your financial life much easier.
1. Can Foreigners Open a Bank Account in Turkey?
Yes, absolutely. Both residents and non-residents can open a bank account in Turkey.
Most major Turkish banks such as Ziraat Bankası, VakıfBank, İşbank, Garanti BBVA, and Akbank offer English-speaking services and online banking.
2. Required Documents to Open a Bank Account
Here’s what you’ll need:
- Valid Passport
- Turkish Tax Identification Number (Vergi Numarası)
You can get this easily at any local tax office or online via the Turkish Revenue Administration website.
- Proof of Address
Such as a utility bill, rental contract, or residence permit card.
- Turkish Phone Number
Required for SMS verification and mobile banking access.
Tip: If you are buying property, your real estate agent or lawyer can assist with the process, especially when coordinating with the bank.
3. Can You Open a Bank Account Without a Residence Permit?
Yes — non-residents can open an account, but it’s easier if you already have a property title deed (tapu) or a residence permit. Some banks may ask for additional documentation for verification.
4. Types of Bank Accounts Available
Turkish Lira (TRY) Account – for local transactions and bill payments
Foreign Currency Accounts (USD, EUR, GBP) – ideal for international investors
Savings & Investment Accounts – for earning interest or managing funds during property transactions
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