Topic

Finance

Essential guides and resources on finance in Turkey, including banking, investing, budgeting, and financial planning for residents and expats.

33 articles

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Finance 12 Feb 2026

Guide to Navigating Taxes as an Expat in Turkey

A clear guide to Turkey tax season for expats, covering residency rules, income types, filing deadlines, and double taxation basics.

30 Sept 2025

Foreign Plate Car Insurance in Türkiye: Everything You Need Before You Drive

Driving in Türkiye with a foreign car? Get insured quickly and legally with Ikamet. Peace of mind and protection for every trip you take.

13 Sept 2025

Understanding Foreign Plate Insurance in Türkiye

Drive safely with foreign plate car insurance in Türkiye. Fast, legal coverage with Ikamet. Explore the country stress-free.

8 Sept 2025

Driving from the UK to Türkiye: Best Routes, and Insurance Requirements

Explore routes, required documents, and essential insurance for driving from the UK to Türkiye. Travel safe and smart with Ikamet.

8 Sept 2025

Bringing a Campervan into Türkiye: Customs, Insurance, and Travel Checklist

Explore Türkiye by campervan with ease—get expert guidance on customs, insurance, travel prep, and family camping tips from Ikamet.

8 Sept 2025

Motorcycle Touring in Türkiye: Routes, Documents, and Insurance for Riders

Explore Türkiye by motorcycle: discover scenic routes, essential travel documents, and foreign plate insurance with help from Ikamet.

12 Jun 2025

Correcting Underreported Tapu Fees in Turkey

Avoid penalties by correcting underreported tapu fees in Turkey. Learn how to comply with tax law using Article 371 of the Tax Procedure Law.

20 May 2025

Benefits And Challenges Of Foreign Direct Investment In Turkey

Discover key insights into foreign direct investment in Turkey—benefits, challenges, and expert support from Ikamet to ensure your success.

28 Sept 2024

Cost of Living for Expats in Turkey 2025

Explore the cost of living for expats in Turkey in 2025, covering housing, utilities, food, transportation, and healthcare expenses.

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!

31 Dec 2023

Extended Stays and Road Trip Dreams: New Rules for Bringing Your Vehicle to Turkey

Foreign vehicles can stay in Turkey for 4 years. Ikamet offers full 3rd party insurance for expats. Stay secure, stay longer, explore more.

27 Dec 2023

Financial Criteria for Residency in Turkey: A Comprehensive Guide

Discover essential financial requirements for Turkish residency: key funding needs, banking options, and planning tips for a smooth transition.

21 Dec 2023

How Expats Can Make Money Online in Turkey: Diverse Opportunities Beyond Teaching

Explore diverse online income streams for expats in Turkey, from freelancing to e-commerce and beyond. Start your digital venture today!

1 Nov 2023

Open a Bank Account in Turkey: A Guide for Expats

Learn how to open a bank account in Turkey as an expat with Ikamet's complete step-by-step guide that covers eligibility, and the application process.

1 Feb 2023

Wise.com Stopping TRY Account Details for Turkish Residents

You can't receive TRY balance money after March 1, 2023. Due to a regulation change, TRY account details will no longer be available to Türkiye customers.

26 Jan 2023

Update: Things to Know About Traffic Fines

In 2023, ikamet.com will have a lot of information about traffic fines. You can find out right away about penalties and rule breaking!

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.

1 Sept 2022

Istanbul Real Estate Market 2022 Investment Reasons

It should come as no surprise that international buyers are eager to invest in the real estate market in Istanbul given that it is one of the most visited cities in the world and has a house price growth rate that is greater than 100 percent. In addition to being one of the major cities in Europe, Istanbul is also located in one of the most desirable locations on the planet. Its current population of 16 million accounts for around 20% of the entire population of the country, and the United Nati

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

13 Mar 2022

How to Open a Blocked Bank Account in Turkey

Are you researching the necessary funds to live or work in Turkey? We answer the questions "What, Why, and How?" about Expats in Turkey.

6 Sept 2021

Home Insurance in Turkey; People Actually Like

Home or home contents insurance is additional insurance taken out to complement existing building or earthquake insurance. It is meant to cover possessions, furnishings, white goods, electronic devices, and other personal items. The coverage and cost will vary considerably depending on the type of property owned and whether it is rented out or not. Home contents insurance in Turkey will generally cover: * The theft of your possessions, * Damage to your possessions caused by all the circumsta

29 Aug 2021

How To: Car Insurance in Turkey

All vehicles in Turkey must have a minimum of third-party liability insurance, and drivers must carry proof at all times. Especially if you have a foreign license plate and driving abroad, you should expect your level of insurance coverage to drop to a third party, which means that the policy will only cover the other parties involved and not damage your car. That is why it is essential to always check with your insurer before you travel, whether this is to Turkey or another country, to make s

27 Jun 2021

4 Ways to Send Money Abroad from Turkey

Sending or receiving money abroad can incur hefty fees and come with many hidden charges with traditional banking, even if you use expat banking or have a multi-currency bank account. When you need to do this regularly, you will soon realize that you need a cheaper and faster solution than most banks. Here are four of the most popular, affordable, and trusted ways to handle international payments in Turkey. Wise TransferWise (now called Wise) is one of the easiest and cheapest services to sen

23 May 2021

Buying and Selling Cryptocurrency in Turkey

Whether it is worrying about the security of your job or an ever-growing selection of investment opportunities around the world, you may have willingly or unwillingly had more exposure to the crypto market, pushing you to explore the world of cryptocurrencies. Although traditionally, the incline in Turkey would be toward investing in precious metals such as gold, the devaluation of the Turkish lira and other emerging currencies and the economic volatility during the pandemic has pushed many to

25 Apr 2021

Arranging Your Will and Testament in Turkey

Thinking about death and what happens to your possessions and properties after you pass away are not pleasant thoughts to have. When you live in a foreign country, you must consider these things to ensure your heirs don't run into trouble when sharing your assets as an inheritance. What Happens to My Assets When I Die in Turkey? According to Turkish law, when a foreigner dies in Turkey, their nationality laws apply when disposing of their assets, even if they are legally resident in Turkey. Th

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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