Turkey is magical. Its culture attracts expats and tourists alike, with more than 11 million tourists visiting the city in 2014. There are over 210,000 foreigners living in Turkey – 26,000 are workers and 25,000 come to Turkey to study. One of the first things you will have to do when you come to Turkey is open a bank account. And the truth is, opening a bank account in Turkey is pretty easy and straightforward.

Documents you need to open a bank account in Turkey:

  • At least one form of identification (ID card, passport – not older than 10 years, birth certificate)
  • Turkish Tax Number
  • Residency permit is optional and it depends on your bank.

Best Turkish banks for expats

These banks have branches all over the country and make your banking as a foreigner easier.

Yapı Kredi Bankası-Koçbank

Yapi Kredi Bankasi is one of the first banks in Turkey that performed foreign business. It offers a large selection of options for expats, making opening a bank account in Turkey easy.

  • Utility bill payments
  • Standing payments
  • Rent payments
  • Money transfer
  • Online banking is available

Türikiye İş Bankası (Isbank)

İşbank is the largest bank in Turkey and the first bank to open in the country. It offers several English-speaking branches available for expats and has plenty of expat banking options available.

  • Online banking
  • English-speaking branches
  • Money transfer
  • Payments tracking


HSBC branches are available all over the country. The bank is a convenient choice for expats with a foreign bank account. English-speaking staff is available at all times and you can start the application process online.

  • HSBC Advance, Premier and Credit Card accounts.
  • Commercial and Business banking.
  • 24/7 online banking

How long does the process take?

The process depends on the bank but it shouldn’t take longer than a few weeks to receive your bank card.

Congratulations! You’re now ready to start your life in Turkey!

Have you found your apartment yet? Visit Spotahome Istanbul for a selection of apartments and rooms available for rent in some of Istanbul’s most popular areas!

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