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Opening Bank account before RP

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Hello everyone,

I tried searching for this but I couldnt find a clear answer, so sorry if this has been asked already. 

I have my RP appointment in October, and I'm trying to sort everything out. It seems like I need to show that I have enough money in strictly a Turkish bank account, but ive been to three banks yesterday (HSBC, ING and Garanti) and they all said there is no way to open a bank account before getting the RP. 

Am I missing something here? How am I supposed to show that I have enough $$ for a RP in a Turkish bank if I cant open a turkish bank account without a RP? Are there specific banks that allow people to open an account before a RP? Someone told me that before people would just pay an exchange office to make a receipt for however much money was needed, is that still a viable alternative if I cant get a bank to open an account for me? 

Thanks so much!

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Hi , I have experienced similar situation some years ago. So a friend set my appointment with the branch Manager of Vakif Bank at Antalya. It just took a day.I think Tax no , passport etc should be good enough. I believe foreign banks and some private bank ask you more details and verifications, so better you avoid them.

 

I hope you things go your way.. Good Luck.

 

Raj

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In case you haven't looked at these articles its worth the orientation:

 

http://www.turkeycentral.com/topic/20624-residence-permit-articles-please-read-these-first/

 

As for Banks: I haven't heard of any problems since the new RP and I went with a friend who just opened one up.  HOWEVER, years ago, I went through a dozen banks before finding this New Account Mgr at TEB who knew how to set things up in their system.  Other banks, often as not, told me to come back tomorrow, not to mention the chicken & egg run-around with tax # (you DO need to get your vargi number and passport, but that's it).  I think in some cases these people may just be afraid of screwing up the paperwork.  Try around a university where they have dealt with foreigners, or a community with a lot of retirees.  OF course, ask here, but look for a stray expat in your neighborhood.

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and they all said there is no way to open a bank account before getting the RP.

 

They are misinformed. If they had made further inquiry, they would have found out that you could indeed open a bank account as a foreigner with a tax number. I have also heard that an currency exchange receipt is no longer valid, but not from any official source.

 

When you go to get your residence permit, would you please ask about this, then update this topic? Then we'll all know for sure. smile.png

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Thanks for the help everyone!

 

 

 

As for Banks: I haven't heard of any problems since the new RP and I went with a friend who just opened one up. 

 

Kimac, can you tell me which bank you and your friend went to?

 

Recently tried Yapi Kredi, they said all they required was a passport and vergi numarasi, but as soon as they tried to open the account, they said there was a system error with the tax office and they couldnt finish with the process, and to try again tomorrow. I'll give an update if they ever get it resolved, but just in case it never does, any other banks (or specific branches of certain banks) that people have had success in opening accounts without the RP?

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I had this same problem last week. I tried 5 or 6 Turkish banks and most of them wouldn't even try to open an account without a RP. Yapi Kredi tried but said it got denied by the main office. The international banks like HSBC refuse to open an account for Americans. Finally I went to Kuveyt Türk with just my passport and tax office id paper, they opened the account quickly with no problem at all. Here is the branch that I went to in Kadikoy:

 

Address: Osmanağa, Söğütlüçeşme Cad. Başçavuş Sok. No: 57/2, 34020 Kadıköy/İstanbul, Turkey

 

Good luck!

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Kimac, can you tell me which bank you and your friend went to?

 

Recently tried Yapi Kredi, they said all they required was a passport and vergi numarasi, but as soon as they tried to open the account, they said there was a system error with the tax office and they couldnt finish with the process, and to try again tomorrow.

 

Your experience is exactly how this game is played.

 

My bank is TEB Bank, and the KEY is to get a New Account Manager with the experience to work their system!  In fact, at the main TEB in my city I had the EXACT same experience as you.  But then their sub-branch breezed right through the process.  Its a matter of kissing frogs.

 

Methinks the deal here is that they know they should be able to do it, but when they follow their system prompts things somehow just don't work out.  The standard dodge in Turkey at this point, or whenever they don't have a clue how to do something, is to just tell you the system is down and to come back tomorrow.

 

So....I'd say try neighborhoods where banks are more likely to have dealt with foreigners: around a university for example.  Look for a New Account Mgr with a little gray in their hair, metaphorically speaking....experienced.  I had success at a TEB branch across the street from a university.  The woman who did mine laughed when I told her my experience with probably 10-12 other banks, saying everything is easy once you know how.  (a variation, I suppose, on the Turkish saying that the shortest route is the one you know).

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You should be able to open an account in ANY bank in Turkey with a tax number. If you can't, it's because the bank employees are misinformed, or not informed.

 

One thing i never got an answer to my question is which bank is the Largest and the Best bank to deal with in Turkey ?

An answer will be appreciated .

 

That will always be a matter of opinion. Your question was about which was the "strongest" bank in Turkey, whatever that means... and you can research that as easily as any of us can. smile.png

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I had this same problem last week. I tried 5 or 6 Turkish banks and most of them wouldn't even try to open an account without a RP. Yapi Kredi tried but said it got denied by the main office. The international banks like HSBC refuse to open an account for Americans. Finally I went to Kuveyt Türk with just my passport and tax office id paper, they opened the account quickly with no problem at all. Here is the branch that I went to in Kadikoy:

 

Address: Osmanağa, Söğütlüçeşme Cad. Başçavuş Sok. No: 57/2, 34020 Kadıköy/İstanbul, Turkey

 

Good luck!

 

 

Hey Sepuku, thanks for the info! I went to this exact branch, and at first they seemed happy to help, but when it came time to enter my tax number, they said there was a problem, possibly with the Vergi Dairesi branch with where i got it originally, or something wrong with my address. Has anyone else ever encountered a problem like this?! Sepuku, can I ask where you got your tax number from?

 

I got mine from the office near Sishane, does anyone know if this might be a problem? I dont see how it could be different, but with all the trouble I've had thus far, you never know....

 

Thanks again 

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I think the only thing they enter into the system is the number itself, so perhaps when the number was recorded one or more digits was wrong. Can you go back to the tax office and double-check it? I think that is the only thing you can do.

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Some info for people looking to open a bank account:

 

I opened a bank account with Ziraat bank in Antalya while on holiday for a few weeks. The staff there spoke English, they were very polite, kind and helpful. The online banking is great and also available in English (you need a Turkish SIM card however to receive the OTP PIN). I got a Turkish Lira as well as a EUR account. No deposit was required to open the account. The bank card was sent to a hotel. 

 

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I was recently told by an immigration specialist at the General Directorate for Migration Management that you can get a foreigner's ID number from them if you need one before you get your actual residence permit. I assume that banks will accept that if you have trouble finding one which will open an account without a residence permit.

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Yes this is very much True.. Infact you have to show USD 6000 in your bank statement to show to the immigration department... But for me they only blocked my money for 7 days and not 30 days. But this is normal they will block your money for several days or maybe a month; and you need to keep this money in your account; this is totally normal practice.

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I will add a few comments here...as well as the number one stumbling block I have encountered.

As a foreigner, you can indeed open an account in Turkey.  Most likely you will want a FCA (Foreign Currency Account) so you don't lose value on your foreign currency.  I use Ziraat Bank just because of some family connections...no other reason.  You definitely need tax ID & a passport.  If you open a new account they will put a hold on your $5,000 (example) deposit.  This is to protect the "bank".  There are ways to make your money work for you....but requires a second TL account to get the interest of the $ etc...there is a process for that.  I don't know the in/outs of how its done

http://www.ziraat.com.tr/en/Retail/DepositProducts/Pages/ForeignCurrencyCurrentAccount.aspx

 

#1 stumbling block I encountered...if YOUR name isn't on the account...you aren't getting anything deposited.

Doesn't matter is the wife's name on there...the account has to have your name.  I recently tried to do an allotment via direct deposit & even though the $ is at the bank...it is untouchable at the moment because my name isn't listed on the account.  So the next time I'm back I'll update that.

The more you know...

 

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