When buying property in Türkiye, we recommend opening an account at a Turkish bank so payments are made securely and on record. You can also pay building fees, property tax and bills automatically from this account. At Elka Homes we go to the bank with you and follow the application from start to finish.
What you need to open an account
- Valid passport
- Turkish tax number
- Your address in Türkiye or a document showing your address in your home country
- A Turkish mobile number (for SMS confirmation and mobile banking)
- Your residence permit card, if you have one
Banks may ask about the source of funds and the purpose of the account. This is a standard step at every bank under anti-money-laundering rules.
Which accounts can you open?
- Turkish lira account: For building fees, bills and tax payments.
- Foreign currency account (EUR, USD, GBP): For transfers from abroad and property payments.
- Mobile and online banking: Manage your account from anywhere in the world.
Opening an account step by step
- We get your tax number.
- We choose a suitable bank and branch together.
- You apply at the branch with your passport and documents; a translator joins you if needed.
- The account is usually opened the same day, and you receive a bank card and mobile banking access.
- We set up automatic payments for building fees, electricity and water.
Property payment and citizenship
Paying the sale price through a bank creates an official record of the payment. For citizenship by investment, the payment must be made in foreign currency through a bank and a currency exchange certificate (DAB) must be obtained.
Frequently asked questions
Can I open an account without a residence permit?
Yes. Many banks open accounts for foreigners with a passport and tax number. Some banks may ask for additional documents.
How long does it take to open an account?
If the documents are complete, it is usually opened the same day.
Can an account be opened without being in Türkiye?
You usually need to be at the branch to open the account. We plan it on the same day as your title deed appointment or viewing trip.
How do I send money from abroad?
You make a SWIFT/IBAN transfer from your own bank to your Turkish account. For large amounts, check your bank’s limits in advance.
Let’s open your bank account together
On the day you arrive in Türkiye, we can sort out your tax number and bank account together.
Last updated: November 2026. This page is for general information only and is not legal advice. Legislation can change; current requirements are confirmed with the relevant authorities for each application.
