Residents in Turkey know very well the importance of obtaining a bank account there, as it is one of the most important conditions for obtaining Turkish citizenship in return for owning a property.
Types of bank accounts in Turkey:
• Current account: The current account everywhere is an account that is not specified for a specific period, and you can withdraw or deposit your money in it whenever you want without interest or profits. It helps you transfer money, pay bills, rent, taxes and loans.
• Participation Account: It is a joint account between the subscriber and the bank, where the funds deposited in projects are operated in order to obtain profits belonging to the bank and the subscriber, in accordance with Islamic teachings, and the subscriber gets the return after the expiry of the account period.
• Current Gold Account: This account is used to save money in the form of gold and is not limited to a specific period of time. This account enables you to buy and sell gold whenever you want and provides you with certificates for buying or selling.
Conditions for opening a bank account for residents of Turkey:
• A valid passport and a copy of it translated into Turkish
• Residence in Turkey to obtain the residence number.
• Tax number
• A document that proves the residential address, such as bills.
How to open a bank account in Turkey:
After extracting the required documents, the subscriber goes to the bank to open an account, whether in Turkish lira, US dollars or euros, and the use of other currencies is not allowed, then the subscriber will be asked to fill out a form and sign it and pay the minimum required to open an account in the bank, then the bank will open an account in your personal name And you can use it as mentioned above.
