{"id":592,"date":"2022-03-05T12:39:46","date_gmt":"2022-03-05T09:09:46","guid":{"rendered":"https:\/\/thekingproperty.co\/en\/?page_id=592"},"modified":"2022-03-25T13:26:47","modified_gmt":"2022-03-25T08:56:47","slug":"opening-a-bank-account-in-turkey","status":"publish","type":"page","link":"https:\/\/thekingproperty.co\/en\/opening-a-bank-account-in-turkey\/","title":{"rendered":"Opening a bank account in Turkey"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"592\" class=\"elementor elementor-592\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b27e243 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b27e243\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df0fa8f\" data-id=\"df0fa8f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b96584 elementor-widget elementor-widget-heading\" data-id=\"4b96584\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Opening a bank account in Turkey<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3044d5c elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3044d5c\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13fb13a\" data-id=\"13fb13a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b877ab elementor-widget elementor-widget-image\" data-id=\"2b877ab\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"768\" height=\"433\" src=\"https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-768x433.jpeg\" class=\"attachment-medium_large size-medium_large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-768x433.jpeg 768w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-300x169.jpeg 300w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-1024x578.jpeg 1024w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-260x146.jpeg 260w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-50x28.jpeg 50w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-133x75.jpeg 133w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5-1200x675.jpeg 1200w, https:\/\/thekingproperty.co\/en\/wp-content\/uploads\/2022\/03\/services-5.jpeg 1242w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-601bd8f elementor-widget elementor-widget-text-editor\" data-id=\"601bd8f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"direction: ltr;\">One of the most important things to do before starting any process is to open a bank account in a Turkish bank.<\/p><p style=\"direction: ltr;\">This account will be opened for you by King&#8217;s lawyers<\/p><p style=\"direction: ltr;\">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\u2026, you will also have this right.<\/p><p style=\"direction: ltr;\">Turkish banks usually charge an amount of the applicant&#8217;s balance as a blocked deposit to open a valid account.<\/p><p style=\"direction: ltr;\">This block amount has a bank interest payment and its duration can be up to three months, depending on the bank employee<\/p><p style=\"direction: ltr;\">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.<\/p><p style=\"direction: ltr;\">In the description section, the subject and specifications of the property must be fully entered.<\/p><p style=\"direction: ltr;\">In this section, our lawyers will perform all your banking steps.<\/p><p style=\"direction: ltr;\">One of the most reputable state-owned banks in Turkey is the Ziraat bank<\/p><p style=\"direction: ltr;\">All banks operate under the official laws of the Central Bank of Turkey<\/p><p style=\"direction: ltr;\">And in Turkey there is no financial and credit institution and economic activities are performed only by banks and are valid.<\/p><p style=\"direction: ltr;\">The documents required to open a bank account will be prepared by our lawyers within one day and your account will be opened.<\/p><p style=\"direction: ltr;\">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.<\/p><p style=\"direction: ltr;\">Bank accounts are also divided into two types:<\/p><p style=\"direction: ltr;\">-Personal accounts<\/p><p style=\"direction: ltr;\">-Corporate accounts<\/p><p style=\"direction: ltr;\">corporate accounts are also in the category of valid commercial accounts.<\/p><p style=\"direction: ltr;\">After receiving your residence card, you must present the residence card to the bank for registration in the banking system.<\/p><p style=\"direction: ltr;\">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.<\/p><p style=\"direction: ltr;\">You also make all your payments through Mobile Bank, you can even buy or convert dollar and euro currencies this way.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-472f9a0 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"472f9a0\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-daaa146\" data-id=\"daaa146\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81e13a2 elementor-widget elementor-widget-text-editor\" data-id=\"81e13a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>VIP account will be opened for you by King Group lawyers within one day. This account will not have any restrictions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bd479a4\" data-id=\"bd479a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e93360 elementor-widget elementor-widget-text-editor\" data-id=\"5e93360\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>According to the order of the Central Bank of Turkey, the three banks of Ziraat and is bank, as well as Vakif Bank are allowed to open accounts for foreigners.<\/p><p>Separate accounts will be opened for foreign currency accounts, for example, a dollar account with its own number and other currencies will be in accordance with this law.<\/p><p>In Turkey, the transfer account number is called IBN.<\/p><p>A bank book will be delivered to you along with the master card.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-170cb42 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"170cb42\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-d8e115e\" data-id=\"d8e115e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00e6ef9 elementor-widget elementor-widget-text-editor\" data-id=\"00e6ef9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"direction: ltr;\"><span style=\"color: #d7b26b;\">Dear audiences of King Group:<\/span><\/p><p style=\"direction: ltr; text-align: center;\">All investment and purchase projects are only in Istanbul and our company has no representative office in other cities of Turkey.<\/p><p style=\"direction: ltr;\"><span style=\"font-size: 14pt;\">The following numbers in WhatsApp are ready to advise you dear ones:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d67fac1 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"d67fac1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div 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class=\"elementor-element elementor-element-9651e2f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9651e2f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/wa.me\/905392477373\" class=\"elementor-button-link elementor-button elementor-size-md\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-whatsapp\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Central Call 00905392477373<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>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<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":1432,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Opening a bank account in Turkey - King Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thekingproperty.co\/en\/opening-a-bank-account-in-turkey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opening a bank account in Turkey - King Group\" \/>\n<meta property=\"og:description\" content=\"Opening a bank 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