A foreign bank account is a must-have nowadays for those who are far-sighted enough to diversify their assets and thus keep them protected and readily available. If the economic situation in your home country deteriorates or your account is suddenly blocked because you failed to comply with some new regulation you were unaware of, you will have another source of funds to sustain you. However, not all countries (and banks) are suitable for opening non-resident accounts.

Turkey is one of the countries that we propose to consider for opening a bank account for your personal needs. The country is stable enough both politically and economically to entrust your funds to it, and the banking is good. We would like to invite you to our portal called International Wealth to read more about a Turkish private account and global banking in general. We collect all the best international offers for you!

However, most of our clients need professional assistance in opening an account abroad. We have a team of highly-qualified specialists who will help you with your foreign banking. You can book an initial session for free to discuss all the important aspects of banking abroad and decide what services you need. We also provide a turnkey service of setting up a non-resident account for a reasonable fee with minimal involvement on your part.

A Bank Account in Turkey: Overview

What is the main problem when it comes to opening a non-resident account? Well, banks are naturally suspicious as they want to avoid possible involvement in money laundering and things like that. As a result, they prefer customers who have at least a business or a residence permit in the country. Is it possible to open a private bank account in Turkey if you have no ties with the country? Yes, but there is only one option available. The bank we will offer is ready to onboard you if you can make a minimum deposit of 30,000 euros (or the same amount in US dollars).

Turkey is a thriving country that attracts many international investors who flock to start a company, open an account, invest in real estate, or obtain Turkish citizenship by investment. If others consider Turkey reliable, so can you! The Turkish banking system is quite robust, and the rates it offers are much more affordable than those in other Middle East countries (like the United Arab Emirates).

Here are the benefits of setting up a private bank account in Turkey for you:

• We will help you open it online, which is very convenient
• Turkey (and the whole Middle East region) is a promising place for work and business
• If reasonable fees are important, you will find them here
• A private account can be opened in euros, US dollars, and other currencies

While Turkish banking may seem excellent, the problem is that the financial institutions open personal accounts in Turkey for local residents only. However, don’t get discouraged as we know how to help! Our experts know how to set up a personal account in Turkey for those who are not the country’s residents or local company owners: all you have to do is contact us and benefit from this unique opportunity!

Keep in mind, though, that you will need a recommendation from a trusted intermediary to have your application approved by the bank we recommend. If you try setting up an account via a representative only, you will be turned down.

The Recommended Bank: Details

Let’s take a closer look at the bank that can open a private account for you:

• This is a reputed institution that was founded back in the 1980s and has more than 200 branches all over the world.
• The range of banking services it offers is quite impressive.
• You can choose one of a dozen kinds of personal accounts (checking, savings, escrow, investment, and so on).
• If you need a card to make payments in a more convenient way and withdraw cash at ATMs, you can get VISA/MasterCard debit or credit cards, and they can be plastic or virtual.
• The bank provides a convenient online platform and a mobile app to make it possible for you to manage your funds from any place in the world.
• Transfers/payments are possible using SWIFT and EFT systems.
• The list of currencies is quite extensive, so you are sure to find the one that will suit your needs.

Turkish Bank: Requirements

As we have mentioned, the initial deposit cannot be less than 30,000 euros, and it should be kept in the account. You can use it as you want, but you will need to replenish the account on time. The balance in your account should not equal zero at any given moment or the bank may refuse to cooperate with you.

You will need to submit the following documents to the bank to get your account:

• Passport or any other ID document
• Proof of residence address
• Completed bank forms
• Proof of legal origin of funds
• A Turkish tax number (we will help you get it)

We will represent you at the bank as there is no other possibility to open a non-resident personal account in Turkey online.

Steps Required to Open an Account in Turkey

• First of all, please book a session with our expert. We have to make sure you comply with the bank’s requirements – otherwise, we will propose other solutions to you.
• Pay the fee we charge for the assistance in opening a non-resident personal account with a Turkish bank for you.
• Send us a full package of documents required to apply that are in line with our recommendations (you may need to order translation).
• We will thoroughly check your package to make sure all the documents are duly executed and send them to the bank.
• It will take some time for the bank to approve your application.
• Finally, transfer at least 30,000 euros to the account to start using it.

Congratulations: you now have a foreign bank account with a respectable Turkish bank that will help you feel safer in any situation in life!

You can follow the above link to see the fees we charge for opening a bank account in Turkey or use a live chat to ask questions. Even if you are not eligible for this particular Turkish bank, there are many other great opportunities to benefit from, and we will share them with you!

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