You can open a bank account in one of Turkey’s banks if you live there. The Turkish Kimlik Card (ID) or residence card, a water, electricity, or gas bill in your name and a Turkish SIM card are all required to start an account.
Bank cards and Visa cards are issued in the name of residents, but they are not immediately delivered; issued cards are forwarded to the customer’s registered postal address after roughly a week.
You can go to any bank and open an account in a dollar, euro, or Turkish lira once you have your tax number.
How to open a bank account in Istanbul for a foreign citizen?
The following are the steps to take when creating a bank account in Turkey :
- Make sure your passport is still valid (not older than ten years),
- Your proof of address paper (such as a copy of electric, water, or phone bill with your name on it),
- Get your tax ID number or your legitimate foreign national identity number from the IRS.
- To open an account, go to any Turkish bank of your choice.
Obtaining a Turkish tax number:
To obtain this code, go to the Turkish Treasury and present your passport to apply for a special tax number for foreign people.
How to Open a Bank Account in Turkey:
A foreign national having a valid foreign national identity number and a work or residence permit in Turkey can establish a bank account at any bank of their choice without any restrictions. Opening a bank account in Turkey can also be done online using the banks’ official websites. There are no restrictions on which bank you can open an account with or how many accounts you can open.
Steps to take when creating a bank account in Turkey for a foreign company:
- Prepare the business’s articles of incorporation.
- Fill out the online application.
- Proof of the business’s registered address is required.
- Your company’s tax ID number can be obtained from the tax office.
- An account with a Turkish bank should be opened by a director with signature authority.