How to open a bank account in Ankara?

You can open a bank account in Ankara 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.

Ankara, Turkey’s cosmopolitan capital, is located in the central Anatolia region of the country. It is a performing arts center that houses the State Opera and Ballet, the Presidential Symphony Orchestra, and a number of national theatre companies. Anitkabir, the massive hilltop mausoleum of Kemal Atatürk, modern Turkey’s first president, who declared Ankara the capital in 1923, towers over the city.

In Turkey’s dynamic economy, the banking industry is an important aspect of the financial system. Banks handle the majority of money and capital market transactions and activity. Most state banks were founded to finance a specific industry, such as agriculture (Ziraat Bank), although private banks are more likely to have close ties to huge industrial conglomerates and holdings.

How to open a bank account in Ankara?

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.

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 Ankara for a foreign citizen?

The following are the steps to take when creating a bank account in Ankara :

  • 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.

Steps to take when creating a bank account in Ankara 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.

Can foreigners open bank accounts in Ankara?

Non-residents can open a bank account in Turkey, so they don’t need to be there to finish the process. All transactions can be completed over the Internet from outside Turkey, making it possible for non-residents to open a bank account in Turkey.

Best banks in Turkey

These are the best banks in Turkey.

Yapı Kredi Bankası-Koçbank

Yapi Kredi Bankasi is one of Turkey’s first banks to conduct international business. It offers a large selection of options for ex-pats, making opening a bank account in Turkey easy.

  • Utility bill payments
  • Standing payments
  • Rent payments
  • Money transfer
  • Online banking is available.

Türikiye İş Bankası (Isbank)

İşbank is Turkey’s biggest bank and the country’s first bank to open. It operates many English-speaking branches for ex-pats. İşbank provides plenty of ex-pat banking services.

  • Online banking
  • English-speaking branches
  • Money transfer
  • Payments tracking.

HSBC

HSBC branches are available all over the country. The bank is a convenient choice for ex-pats with a foreign bank account. English-speaking staff is available at all times. You can fill the application online.

  • HSBC Advance, Premier, and Credit Card accounts.
  • Commercial and Business banking.
  • 24/7 online banking.

AKBank

The bank is built-in 1948 with the headquarters in Istanbul. The Turkish bank currently runs 800 branches in Turkey. It has been ranked seven years in a row as “Most Important Banking Brand in Turkey.” Also 126th most valuable banking institution.

The bank offers Consumer banking, Commercial banking, SME banking, corporate investment, private banking, and treasury.

Denizbank

Denizbank is a large private banking firm founded in Istanbul in 1938. It has its headquarters in Istanbul and Sişli. The bank has 740 branches across Turkey. Today, the bank offers a wide range of financial services including Retail, Private, Business, Agricultural, Corporate Banking, Commercial Banking, and Public finance.


The cover image is somewhere in Ankara, Turkey. Photo by Çağlar Oskay on Unsplash