Create a bank account in Türkiye
Opening a bank account in Turkey is essential for residents and visitors alike, given the country's efforts to become a global trade and logistics hub for Europe. Turkey's banking sector has witnessed significant development over the past twenty years, becoming one of the largest banking systems in the region, making it an attractive destination for many investors seeking banking services and facilities to conduct their businesses.
In general, opening a bank account in Turkey offers numerous advantages and benefits, such as advanced banking services, business support, reliability, and security. Therefore, opening a bank account in Turkey is an important step for individuals and companies seeking to benefit from the advanced banking services available in the country.
The importance of a bank account in Türkiye
A bank account is very important in Türkiye for several reasons:
1. Banking Services: A bank account in Türkiye allows individuals and businesses to benefit from a variety of banking services. Individuals can make deposits, withdrawals, and money transfers, as well as open investment accounts such as savings accounts, investment accounts, and e-commerce accounts.
2. Security and Protection: A bank account is a reliable way to store your money and protect it from potential risks. Advanced security measures such as data encryption, two-factor authentication, and fraud alerts are provided to protect you from fraud and unauthorized use.
3. Convenience and time-saving: You can easily manage your finances with a bank account in Türkiye. Instead of relying on cash and physical transactions, you can quickly and easily conduct many banking transactions online or through smartphone apps.
4. Business Support: In addition to individuals, a bank account helps promote businesses in Türkiye. Companies can open business accounts to manage financial transactions, facilitate buying and selling procedures, and provide payroll services to employees and clients.
5. Reliability and Relationship with Banks: A bank account in Türkiye helps establish a strong relationship with local banks, which helps in obtaining additional facilities such as loans, credit, and investment services.
In general, a bank account in Türkiye is considered an essential means for financial transactions, investment, and trade, in addition to storing funds in a safe and efficient manner.
Documents required to open a bank account
After completing the student residency process for a student in Türkiye, our company opens a bank account to facilitate their daily life. The documents required to open a bank account for a foreign student in Türkiye are:
1- Residence card
2- A document proving residence, which can be obtained by submitting a house rental contract or by obtaining proof of residence from the Turkish Population Authority.
3- A tax number obtained from the tax department in all Turkish municipalities and cities.
4- You can obtain a Turkish phone number from any branch of Turkish telecommunications companies such as Turk Telekom, Turkcell, or Vodafone.
5- Signing the documents required by the bank department.
Best banks in Türkiye
1- Ziraat Bank: It is the oldest bank and the second largest bank in Türkiye, offering electronic services via the internet and banking networks, in addition to services dedicated to smartphones through the bank's applications.
2- AK Bank: Known as the White Bank, it was established in 1948 and provides banking services to individuals, companies, and large and small institutions.
3- Finans Turkiye Bank was established in 1987 and is the main partner of the National Commercial Bank of Saudi Arabia. This bank provides most traditional banking services and is the first bank in Turkey to offer an installment card in the banking sector.
4- Vakif Bank: Founded in 1957, it provides advanced services to commercial institutions of all kinds, in addition to individuals.
5- IŞ Bank: Established in the Republic of Turkey in 1924, it is considered the first Turkish bank and is among the top 100 banks worldwide. The bank provides extensive banking services and actively contributes to industrial developments and financing economic infrastructure.
6- Al Baraka Bank: Founded in 1984 in Istanbul, it is an Islamic bank that provides investment services to local and foreign clients in an easy-to-use manner.
Benefits of registering through Study Time Student Company:
1- Get educational advice at no cost.
Study your profile carefully and get suitable offers.
3- You can obtain your university admission for free through our direct agreements with Turkish universities.
4- Translate your entire document into Turkish for free.
5- Obtaining student residency through us.
6- Securing your university accommodation
7- Obtaining a free certificate equivalency.
8- Follow up on your university file after completing the registration process.