Turkish banks are suitable for opening Iranian accounts
In this regard, we will review and compare each of these banks and also introduce you to the facilities that each bank provides for you.
Turkish banks suitable for Iranians
As mentioned, it is possible for Iranians to open a bank account in Turkey in only a few banks.
These choices depend on each person’s situation. Some banks provide the possibility of opening an account without the need of Turkish residence, while others offer this possibility only with Turkish residence.
The importance of this issue increases because people need to choose a bank that best meets their needs based on their personal and legal status. Detailed research on the conditions and regulations of each bank, as well as their comparison, can help to make the right choice so that Iranian people can benefit from banking financial services in Turkey.
In this article, we compare Turkish banks. To know about the terms of opening an account, see the article Opening an international bank account in Türkiye See
Advantages and disadvantages of Turkish banks for Iranians
In this section, we will take a closer look at the Turkish banks that do not have a problem with opening an account for Iranians, and we will tell you the pros and cons of each bank so that you can choose the best Turkish bank for opening your bank account.
- Ziraat Bank
Bank Zareem is the oldest bank in Turkey that allows Iranians to open a bank account.
With its history and experience in providing services to foreign customers, especially Iranians, this bank has been able to gain special popularity.
However, it is important to note that Bank of Agriculture branches may differ from each other.
Each branch offers different facilities to its foreign customers. From the lowest level, which includes providing a bank card with Troy financial system and opening a bank account with lira currency, to the highest level, which includes opening a bank account with international currencies such as Euro and Pound, along with Visa card and MasterCard.
Since recent years, due to changes in the Bank of Agriculture’s policies, it is not possible for Iranians to open an account in US dollars. This may be challenging for some people.
However, for online purchases in dollar currency, customers can use the credit card services of Bank of Agriculture (with money deposit). This service allows them to enjoy safe online purchases with US dollars. But to receive dollar currency safely, you need a dollar account number in the bank.
- VakıfBank
Vakif Bank is one of the relatively new, state-owned banks in Turkey that offers similar services to its customers, similar in many aspects to Bank of Agriculture.
However, the main advantage of Vakif Bank compared to Bank of Agriculture is the possibility of creating a dollar account for Iranians.
This possibility allows people who need dollar exchange transactions to open their bank account in Vakif Bank.
Vakif Bank also has the ability to accept credit cards, with the difference that you need to have a deposit of money in your account to use this service.
These facilities are an attractive option for Iranians who are looking for a bank with various services and foreign exchange facilities. Since opening a dollar account and receiving a credit card (with money deposit) can meet various financial needs, Vakif Bank is introduced as a safe option for Iranians in Turkey.
It is also possible to open a company account in this bank without the need to stay in Turkey.
To find out about the conditions Company registration in Türkiye Refer to the linked article with an Iranian passport.
- İş bank
As mentioned earlier, Ish Bank is one of the prominent private banks in Turkey that allows foreign customers to open a bank account if they have a valid Turkish residence. This Turkish bank is one of the best options for people living in Turkey.
One of the main advantages of Ish Bank is the possibility of opening a bank account in any common and international currency, including the US dollar.
Also, this bank provides the possibility of obtaining a credit card without the need to deposit money.
Due to these extensive facilities and services, İş bank is introduced as a suitable option for foreign customers in Turkey to meet their financial needs with ease and efficiency.
You can see all these explanations in summary form in the table below.
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| Turkish banks | No need to stay | Dollar bank account | Visa/Mastercard | credit card | Permanency of the account |
|---|---|---|---|---|---|
| Agriculture Bank | It is possible | It’s impossible | has (excellent branches) | Yes (deposit required) | Yes |
| Vakif Bank | It is possible | It is possible | has (excellent branches) | Yes (deposit required) | Yes |
| Ish Bank | It’s impossible | It is possible | has it | yes (no deposit) | Yes |
Neo Banks of Türkiye
Neo-banks are one of the innovative and new-generation phenomena in the field of global banking, which have become very impressive in Turkey in recent years. “Neo banks” or “digital banks” are essentially a new generation of banks that conduct their banking operations over the Internet without having physical branches.
Most of these banks provide various ancillary services to their customers that make their experience unique.
It is important to know that to use Neo Banks in Turkey, you must have a valid Turkish residence. Banks such as Papara, Param, etc. are among the most famous neo-banks operating in Turkey.
International access to Turkish banks and bank applications
One of the vital points in connection with opening a bank account in Turkish banks is the possibility of using the international services of these banks. Due to the existence of an international banking system in Turkey, as well as the existence of reliable international financial companies such as Visa Card, Master Card, and American Express, you can easily make financial transactions in all countries with your bank account.
In addition, using Turkish banking applications, you can easily perform currency conversion operations, perform financial transactions, view balances, track financial circulation and check the status of your bank cards anywhere you are connected to the Internet.
The best bank for Iranians
Finally, we got acquainted with the types of Turkish banks and understood the challenges in financial cooperation and investment in these banks to advance our international businesses.
Also, we carefully reviewed the details of the facilities that each bank offers to its foreign customers, especially Iranians, and the documents required for each of them.
In general, Vakif Bank can be considered the best bank for Iranians considering opening a dollar account.
We hope that we have provided you with the right information so that you can choose the right bank in Turkey with an open mind and do your financial affairs and opening an account with Turkey Helper https://turkeyhelper.com.