Opening a bank account in Turkey

One of the most important things to do before starting any process is to open a bank account in a Turkish bank.

This account will be opened for you by King’s lawyers

Your account will be in three currencies: Dollar, Euros and Liras, and if you request an opening in another currency such as Pound, Dirham and…, you will also have this right.

Turkish banks usually charge an amount of the applicant’s balance as a blocked deposit to open a valid account.

This block amount has a bank interest payment and its duration can be up to three months, depending on the bank employee

One of the most important reasons to open an account is to formalize your payments to buy the property you have chosen. The official amount will be transferred from your account to the official account of the owner or construction project.

In the description section, the subject and specifications of the property must be fully entered.

In this section, our lawyers will perform all your banking steps.

One of the most reputable state-owned banks in Turkey is the Ziraat bank

All banks operate under the official laws of the Central Bank of Turkey

And in Turkey there is no financial and credit institution and economic activities are performed only by banks and are valid.

The documents required to open a bank account will be prepared by our lawyers within one day and your account will be opened.

Note that Turkish banking law does not allow foreigners to obtain a credit card. Only if you deposit the amount, you can apply for a credit card, amounting to 20% higher than the deposit amount.

Bank accounts are also divided into two types:

-Personal accounts

-Corporate accounts

corporate accounts are also in the category of valid commercial accounts.

After receiving your residence card, you must present the residence card to the bank for registration in the banking system.

The Turkish banking system is completely electronic and you will need to visit the bank less. You can even deposit a maximum of 20,000 liras per day into your account through bank ATM which is located in cities.

You also make all your payments through Mobile Bank, you can even buy or convert dollar and euro currencies this way.