The first step for you when you want to buy a property or ask for investing, is opening a bank account. It is very simple process but maybe a bit difficult for you if you don’t know Turkish language. Don’t worry, we will be with you in all the steps. Try to work with only one bank, in this way you work more with one and they will know you better and you have good relationship with your bank.
Benefits of having account:
– You don’t have any transferring money problems
– Having automatic payment orders for bills
– No need to carry cash
– Interest of bank
Document that you need to open a bank account:
– Turkish tax number
– Proof of address like bills of your accommodation( in Latin )
No need to pay when you want to open a bank account and if you have all the documents ready it will be done in 1 hour. After that you can download the application of your bank (in English) as well. You can open bank accounts in other currencies.
SWIFT code is an abbreviation of the Society for Worldwide Interbank Financial Telecommunication. Each bank has its own swift code. so, each swift code is for special bank account registration ID. If you transfer money abroad, a SWIFT number is enough to define the receiver’s bank account at the international level.
IBAN number is a mix of swift code and your bank account number and you need
it for each money transfer.
You can withdraw your money whenever you want. But for more than 50.000 tl you should inform your bank in advance.
Information that you need to transfer money:
Receiver’s full name
Receiver’s full address
Bank & branch name
Receiver bank address
Receiver’s IBAN number