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How to Open Bank Account in Turkey for Foreigners




People who do not hold citizenship of the Republic of Turkey, regardless of their nationality or residency status, are considered as foreigners. Consequently, they are subject to regulations specifically designed for non-citizens. Opening a bank account is a crucial requirement for foreigners in various situations. Whether they are studying, residing, investing, establishing a company, purchasing real estate, sending money to their families in Turkey, or exploring the process of opening a bank account in Turkey, having a comprehensive understanding is essential.


Here, we will provide an explanation of the methods through which foreigners can open a bank account, the necessary conditions to fulfill, the required documentation, the application process, the account opening procedure for foreign companies, the significance of a bank account in the context of obtaining Turkish citizenship, as well as relevant banking practices and other important details. We recommend carefully reading this article to ensure a smooth and accurate process. So here Step-by-Step Guide to Opening an Account in Turkey.


Before starting, as a foreigner, you might find it complicated to open a bank account in Turkey. However, there are several solutions to make the process easier, including:

  • Choose a bank that specializes in serving foreigners: Research and select a bank in Turkey that has experience serving foreigners and offers services in your language.

  • Seek assistance from a Turkish resident: If you have friends, colleagues, or attorneys who are Turkish residents, they may be able to help you with the account opening process, including providing a local address or accompanying you to the bank.

  • Use a banking service provider: Some companies specialize in assisting foreigners with opening bank accounts in Turkey. They can help with the paperwork and provide guidance throughout the process.

  • Obtain a tax identification number: Before opening a bank account in Turkey, you need to obtain a tax identification number (TIN) from the local tax office. This number is required to open a bank account and carry out financial transactions in Turkey.

  • Ensure you have the necessary documents: Make sure to have all the required documents, including a valid passport, residence permit (if applicable), proof of address, and TIN. Contact the bank or visit their website to obtain a list of the specific documents needed.

By following these solutions, you can simplify the process of opening a bank account in Turkey as a foreigner.


To open a bank account in Turkey as a foreigner, you can follow these general steps:

  • Choose a bank: Research and select a bank in Turkey that offers services for foreigners and meets your banking needs.

  • Gather required documents: Prepare the necessary documents, which typically include:

    1. Valid passport

    2. Residence permit (if applicable)

    3. Tax identification number (Nergiz Law Firm will obtain it for you)

    4. Proof of address (e.g., utility bill or rental agreement)

    5. Turkish phone number (obtained through a local mobile service provider)

  • Visit the bank branch: Schedule an appointment or visit the bank branch in person to initiate the account opening process.

  • Complete the application form: Fill out the application form provided by the bank. Provide accurate personal information and details.

  • Submit required documents: Present your identification documents, proof of address, and other necessary paperwork as requested by the bank. The bank will make copies and verify the original documents.

  • Initial deposit: Some banks may require an initial deposit to open the account. Inquire about the minimum deposit amount and make the necessary payment.

  • Sign necessary agreements: Review and sign the account opening agreements and any other related documents provided by the bank.

  • Activate your account: Once your application is approved, the bank will provide you with account details, including an account number and IBAN. You may also receive a debit card and/or online banking access.

It's important to note that specific requirements and procedures may vary among banks. Some banks may have additional requirements or request additional documentation. For example, it is also different to Open a Bank Account for Foreign Companies than Open a Bank Account for Foreign Natural Person.


There are numerous motives for desiring to establish a bank account in Turkey. However, it is equally important to comply with any legal obligations associated with this process. Ensuring the correct execution of this procedure is crucial to avoid potential economic and time-related setbacks. Seeking assistance from knowledgeable lawyers who specialize in the field of immigration law can be highly beneficial in obtaining proper legal guidance. With our expertise, foreign individuals can assess the specific circumstances of their case and determine the most advantageous approach to achieve their objectives efficiently and effectively. Therefore, it is recommended to contact with us, Nergiz Law Firm to make the process smoother.


Nergiz Law Firm is an Independent Turkish Law Firm-based in Istanbul Turkey that provides legal services to foreign and domestic clients, companies and organizations. We provide legal support in all geographical regions of Turkey, especially in İstanbul Maslak.


Click here to get information about the categorized legal services and practise areas of Nergiz Law Firm.


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