Open Bank Account in Turkey for Foreigners

Opening a bank account in Turkey as a foreigner can be a bit challenging, but it is possible. This guide provides detailed information on the process and the banks that offer this service without requiring a residence permit.

Turkish Tax Number Requirement

Before you start the process, you must obtain a Turkish Tax Number, also known as a Turkish Tax ID (Identification). This number is essential for all financial transactions in Turkey and is required when opening a bank account.

Banks that Accept Foreigners Without Residence Permits

While many banks in Turkey require a residence permit to open an account, there are a few exceptions:

1. Ziraat Bank

Ziraat Bank is one of the government-owned banks in Turkey, and some of its branches allow foreigners to open accounts without a residence permit.

Required Documents:

• Turkish Tax Number for Non-Citizens (known as "Application for Non-citizen's Potential Tax Number").
• Copy of your passport.
• Phone number.
• A deposit of 30,000 Turkish Lira (TRY).

Branch Availability:

In some Ziraat Bank branches, especially those located in crowded areas like Aksaray, Yenikapı, Sultanahmet, or Taksim, you might be told that their account opening quota for foreigners is full. In such cases, consider searching for other branches. Ziraat Bank has around 1,700 branches in Turkey, with approximately 260 of them in Istanbul.

2. Denizbank

Denizbank also offers the option for non-citizens and non-residents to open a bank account in Turkey.

Required Documents:

• Turkish Tax Number for Non-Citizens.
• Copy of your passport.
• Phone number.
• A deposit of $2,500 USD.

The Process

• Obtain a Turkish Tax Number: Visit the local tax office or an authorized bank branch to apply for your Turkish Tax Number. This is a straightforward process and usually doesn't require a lengthy wait.
• Gather Required Documents: Ensure you have all the necessary documents, including your Turkish Tax Number, passport copy, and phone number.
• Choose the Bank: Select either Ziraat Bank or Denizbank, depending on your preference and the deposit amount you can provide.
• Visit the Bank: Go to the chosen bank's branch. Be prepared to provide your documents and make the required deposit.
• Complete the Application: Fill out any forms or applications the bank provides and follow their instructions. They will guide you through the process.
• Initial Deposit: Deposit the specified amount (30,000 TRY for Ziraat Bank or $2,500 USD for Denizbank) into your new account.
• Account Activation: Once your application is approved and the deposit is confirmed, your bank account will be activated.

Remember that having a bank account in Turkey can be essential for various purposes, such as managing finances, investing, or pursuing Turkish citizenship through investment. Keep your account in good standing by following the bank's rules and regulations.

Opening a bank account in Turkey without a residence permit is possible, but it may vary by bank and branch. Always double-check with the specific branch for the most up-to-date requirements and availability.