If you have come to buy and sell real estate in Turkey from abroad, the first thing you need to do is open a bank account. In this way, you can safely transfer your capital from your home country to Turkey and make financial transactions during trading.

Opening a bank account in Turkey is short and easy. All you have to do is apply to any bank branch. The only obstacle you will encounter during these processes is the language barrier. Homes of Turkey is with you in the process of opening a bank account. Our expert team facilitates this process by communicating with you in your own language.

The following documents are required to open a bank account in Turkey: Passport translated into Turkish by a sworn translator, Tax identification number, Residence permit document for address statement or invoice registered in your name.

Advantages of Having a Bank Account in Turkey

You can safely make your domestic and international money transfers. You can give automatic payment orders. You can take out debit and credit cards. If you want to invest in Turkish lira, banks make high interest payments and your money keeps its value.

As Homes of Turkey, we recommend our customers to work with only one bank. Because correct communication with your bank will be very important for you in the entire real estate buying and selling process.

Frequently Asked Questions (FAQ)

Is there a difference in security between private banks and state banks?

No, all banks in Turkey are under government guarantee.

What information do I need to make an international money transfer from Turkey?

The necessary information for transfer transactions are as follows:

• Recipient’s full name,

• Recipient’s full address,

• Recipient’s bank and branch name,

• The bank branch where the buyer’s account is registered,

• Recipient’s IBAN number.

When I deposit money into my account, can I withdraw my money within the same day?

Yes. There is only one exception to this: In order to withdraw more than 50 thousand TL, you must inform your bank the day before. Q: How long does it take to open a bank account?

How long does it take to open a bank account?

If you go to the bank with the required documents, opening a bank account will take a maximum of one hour.

Is there a fee to open a bank account?

No.

What information is required to open a bank account?

Passport, tax identification number, declaration of address.

In which banks in Turkey can I open an account?

You can open an account in all banks operating in Turkey.

What is the SWIFT code?

SWIFT (Society for World wide Interbank Financial Telecommunication) is the system that enables international money transfer transactions between banks around the world. Each bank has its own unique SWIFT code. Sending money abroad will require the SWIFT code of the recipient’s bank.

What is the IBAN number?

The IBAN number is a combination of the account holder’s SWIFT code and account number. You need the IBAN number for money transfer. You can easily find out this number by calling your bank or using the mobile application.

In which currency can I open an account in Turkey?

You can open an account in many currencies at banks in Turkey. Euro, US Dollar and TL are offered as options in every bank.