Opening an account with GARANTI BANK (Turkey)

Open an account with the Turkish bank Garanti.

The Turkish bank Garanti was established in 1946 and today is the second largest private bank in Turkey with assets of over 85 billion USD. Bank Garanti offers not just opening and maintaining current accounts, but a whole group of financial services, including small and medium-sized businesses, merchant accounts and work with payment systems, private and investment banking, brokerage services.

Turkish bank Garanti opens accounts for non-resident companies and individuals - non-residents of Turkey. Depending on the type of company's activity, the bank may request confirmation of the company's connection with Turkey (presence of counterparties, official employees, office, warehouse, etc.)

Garanti Bank does not open accounts for offshore companies and companies registered in Cyprus. Like most Turkish banks, Garanti Bank does not accept or send payments to Cypriot banks. Also, Garanti Bank does not accept companies with trust ownership (with a nominee shareholder).

Account in Garanti Bank for a non-resident of Turkey:

• Opening an account in 1 day during a personal visit to the bank
• Account maintenance - free of charge
• Free incoming payments
• Outgoing SWIFT payment - 50 USD
• Work with US dollar and euro
• Internet banking in 24 \ 7 mode
• Choosing your own username

For non-residents of Turkey, there is a limit when making payments through Internet banking - 800,000 Turkish liras per day. There are no restrictions when making payments by payment orders.

How to open an account in the Turkish bank Garanti?

We obtain a Turkish tax number for a company and manager of a corporate account or for an individual (for a personal account). Turkish tax number is mandatory for any customer who wants to open an account in a Turkish bank. We submit documents to Garanti Bank for opening an account and agree on a date for your visit to a bank branch in Turkey. A personal visit to the bank takes 1 day. At the meeting with the manager, the client signs bank forms, receives account details, Internet banking and a payment card. For non-residents, the card currency is available only in Turkish lira. The account is activated in 3 to 4 days after the visit to the bank.

Garanti Bank adheres to the principle of "know your customer" and in each case reserves the right to request additional documents, which will lead to an increase in the time of opening an account, and may also refuse to open an account without explanation.