Topic

Banking

Getting to grips with Turkey’s banking system as an expat can seem challenging. Our expert guides help you understand everything you need to know about banking in Turkey, from opening a bank account to the best mobile banking apps on the market.

15 articles

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Banking 20 Feb 2025

Managing Your Money as an Expat in Turkey

Learn how to navigate banking, budgeting, and investing in Turkey as an expat. Manage your finances effectively for a smooth transition.

14 Jan 2025

A Guide to Managing Your Money as an Expat in Turkey

Master Turkish finances as an expat! From currency tips to banking, budgeting, and taxes, discover how to stay financially stable in Turkey.

15 Oct 2024

Top Financial Tips for Managing Money as an Expat in Turkey

Discover essential financial tips for expats in Turkey, including banking, budgeting, taxes, and investment strategies. Manage your money effectively.

18 Jun 2024

Secure Your Savings with YUVAM Accounts - High Returns & Protection

Discover how YUVAM Accounts offer high returns and protection for non-resident investors converting foreign currency to Turkish lira. Secure your savings today!

19 Dec 2023

Financial Guide for Expats in Turkey: Banking, Taxes, Investments

Navigating personal finance in Turkey? Ikamet offers a comprehensive guide on banking, taxes, investments, and more, tailored for expats living in Turkey.

22 Nov 2022

How to Transfer Money Using Wise Türkiye: Pros & Cons

Wise offers customers in Turkey a low-cost method to send money to dozens of countries and some of the best currency rates available.

4 Nov 2022

Local Banking Regulation Coming into Effect for TRY WISE.com

Find out how much you can save with Wise. The better way to send money internationally. Over 15 million customers, 80 countries & 50+ currencies.

14 Aug 2022

Opening a Bank Account in Turkey: FAQ on Misconceptions

In our previous blogs, we touched on many topics surrounding financial matters in Turkey, including how to acquire a home or real estate in Turkey, how to open a bank account and get a credit card in Turkey as a foreigner, as well as how to open a blocked bank account for visa or residence permit applications. Lately, there has been a lot of misinformation circulating about banking practices in Turkey and what is required of foreign nationals, especially for first-time residence permit applicat

16 Jan 2021

How to Open a Bank Account and Get a Credit Card in Turkey as a Foreigner

Opening a bank account as a foreigner in Turkey used to be a long, tiresome process. And after all the waiting and asking around, you'd be shocked to discover that you'd need at least a certain amount of money or sizeable investment, plus a residence permit to open one. But thankfully, those days are long gone, and few remaining districts have hurdles. Owing to a growing number of investments, tax waivers, and new business agreements, the Turkish government and banks have made it easier for non

31 Dec 2020

The Top Ten Largest Banks in Turkey in 2020

With over 84 million people, Turkey's population is large, with its biggest city, Istanbul, home to over 15.5 million people. Turkey's uniqueness is that it is located not only in the Middle East and Africa (MEA) region but also in Europe and Asia. The FinTech Times has compiled a list of the top ten largest banks in Turkey and ranked them (based on asset). If combined, those included on this list would be valued at over $500 billion. This is impressive when considering that the Top Ten Banks i

26 Sept 2020

Best International Money Transfers

Need to move money internationally? Transfer funds with confidence by using one of these expat-friendly money transfer websites and mobile apps:

11 Jan 2020

Best Places to Exchange Currency in Istanbul

Istanbul is a city that has enchanted its visitors for centuries. Here, culture and history come together in a fascinating mix of east and west. Whether you’re visiting for business or pleasure, you’ll soon see why this magnificent city enthralled ancient emperors as much as it does modern tourists. You’ll want to be prepared while you’re there. They don’t mind bartering in Istanbul, especially if you stop in one of Istanbul’s famous bazaars. For that, you’ll want to have plenty of Lira in your

11 Jan 2020

ATMs in Turkey

If you’re headed to Turkey, it’s a good idea to carry cash with you. While credit cards may be accepted, most vendors and service providers still prefer paper to plastic money. Besides, Turkish card machines have a reputation for being temperamental, and they may reject your card for no apparent reason. 💡Luckily, ATMs are extremely common, both in major tourist hotspots and in smaller towns. Here’s what you need to know about using ATMs in Turkey. Where do I find ATMs in Turkey? You’ll fin

11 Jan 2020

Money in Turkey: Banks, ATMs, cards & currency exchange

Turkey’s vibrant cities and picturesque winding rivers have long made it a popular tourist destination. Both the Byzantine and Ottoman empires chose Istanbul as their capital - which means there’s plenty to see throughout the country for those who like their holiday with a hint of history. And if that’s not your thing, Istanbul also boasts one of the largest shopping malls in Europe where you can shop, eat and visit an indoor theme park. Whether you’re planning on haggling for traditional goods

14 Dec 2019

How to open a bank account in Turkey

Turkey brings together east and west, ancient and modern. Istanbul, in particular, is home to many ex-pats who have moved to Turkey to work, study or retire in a vibrant and enriching environment. If you’re about to make this fascinating country home, then you will need a local bank account. Without one, you’ll struggle with everyday essentials like getting a mobile phone contract and internet access. Here’s everything you need to know about opening a bank account in Turkey. What documents d

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