How to open a bank account in Emlak Katilim

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

August, 2022

Last contact

December, 2024

Last update

June, 2024

the bank specializes in Islamic banking services;
founded in 1988, suspended its financial activities in 2001 and resumed them in 2019;
the bank opens savings (deposit) and settlement accounts;
the bank opens accounts for individuals (both with and without a Turkish residence permit) and legal entities registered in Turkey and not only;
the minimum deposit requirements for individuals – from TRY 250 000 and the minimum balance – TRY 100 000;
minimum deposit requirements for legal entities – from TRY 500 000 to TRY 1 000 000, minimum balances to be determined individually;
for account opening a visit of beneficiary / director to the bank branch is required; accounts are opened under the power of attorney;
make payments via SWIFT outside of Turkey;
all international currencies are available;
bank cards can be issue;
must obtain a tax number in Turkey in order to open an account;
Internet Banking in English;
account opening on the day of application for individuals; for legal entities ~ 1 month

GSL rating

Beginning of cooperation

August, 2022

Last contact

December, 2024

Last update

June, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

Not rated

Global rating

Not rated

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1988

History

Türkiye Emlak Bankası A.Ş. was established on 8 January 1988 as a result of the merger of Anadolu Bank and Türkiye Emlak Kredi Bank. On November 29, 1992 Denizcilik Bankası T.A.Ş. was transferred to Türkiye Emlak Bankası A.Ş. In 2001, the bank's activities were suspended. And on February 25, 2019, a license to resume operations under the name Türkiye Emlak Katılım Bankası was published in the Official Gazette

Personnel

The staff speaks English

Bank’s shareholders

The owner of the bank is the Turkish government

Confidentiality

Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

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Minimum requirements

23 240

Minimum balance, €

No restrictions

Transactions permitted per month

23 240

Initial deposit of funds, €

1

Deadline for the initial deposit, month

Minimum balance, €

Requirements to the minimum deposits for individuals - from TRY 250 000 and minimum balances - TRY 100 000.
Requirements to the minimum deposits for legal entities - from TRY 500 000 to TRY 1 000 000, the minimum balances are determined individually

Transactions permitted per month

No restrictionsNo restrictions on the number of transfers for current accounts

Initial deposit of funds, €

The initial payment is equal to the minimum balance of the account

Deadline for the initial deposit, month

To be entered immediately after opening an account

Minimum turnover, €/year

No turnover limit

How fast payments are executed

Same day or next day

Tariffs and services

250

Outcoming transfer, €

0

Incoming transfer, €

N/A

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

International transfer fee is 0,5% (minimum USD 40 - maximum USD 2 000)

Incoming transfer, €

The bank does not charge for incoming payments

Account maintenance, €/year

The service fee depends on the selected service package

Distant access to the account

There is Internet Banking in English

Financial products

The bank provides a wide range of services for a variety of businesses and personal needs. The main goal of the bank is to support the real estate and construction sector

Credit/debit cards

Bank cards can be issued

File with tariff

EmlakKatilim_Fees (October, 2023, 310.31 KB)

Account opening procedure

Days to open for incoming transfers

Case by case

Days to open for outcoming transfers

Case by case

References

Not necessary

Purpose of the account

Savings & current

Visit to the bank

To open an account, the beneficiary / director must visit the bank branch. It is possible to open an account by power of attorney

Required

At the physical person (without a residence permit): confirmation of a tax number in Turkey; the original of the civil passport with the address of registration; a notarized translation of a civil passport into Turkish; original foreign passport.
At the physical person (in the presence of a residence permit): confirmation of the tax number in Turkey; residence permit (ikamet) or work permit; a document confirming the address of permanent residence; original passport / ID.
At legal person: confirmation of the tax number; sample signatures of directors; certificate of the nature of the company's activities from the Chamber of Commerce; publication of the registration of the company in the official newspaper of the trade register; completed questionnaires in the form of a bank for a company and an owner; confirmation of the source of origin of funds, incl. regarding the initial deposit; copies of current contracts / invoices with contractors; reporting, cash flow chart, ownership structure chart, etc.
At the physical person (director / shareholders / beneficiaries / attorneys): proof of identity (passport); proof of address (not older than 3 months); CV

Types of accounts

Savings; Current

Chances to open an account

Predictable

Business description

Moderately detailed: along with a description of the business, you must provide information about the sources of funds

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