
As Turkey becomes a popular destination for investors, retirees, and long-term visitors, opening a bank account is crucial for both daily life and investment processes.
As of 2025, opening a bank account in Turkey will be carried out under specific procedures for both domestic and foreign citizens.
1. Why Should You Open a Bank Account in Turkey?
- Securely conduct real estate transactions
- Easily collect rental and investment income
- Convenience with daily expenses, bill payments, and online shopping
- Conduct foreign currency transfers and international transactions at lower costs
2. Documents Required for Account Opening
- Passport or ID card
- Tax identification number (For foreigners, this can be obtained from the tax office)
- Residence permit or official utility bill showing your address in Turkey
- Some banks may additionally request proof of income or a reference letter
3. Important Points for Foreigners
- Foreigners without a residence permit in Turkey can also open accounts at most banks
- However, some banks may require residency for certain account types
- Multiple currency options such as Turkish Lira, Dollar, and Euro are offered for account opening
4. Advantages of Digital Banking in 2025
- Online application without going to a branch
- Instant money transfers via mobile banking
- Instant access to exchange rates and investment instruments
- Bill, tax, and other payments from a single screen Conclusion: Opening a bank account in Turkey greatly simplifies both your local and international transactions.
This step forms the foundation of the financial process, especially for those planning to invest or live long-term.