How to open a bank account in Emlak Katilim

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

August, 2022

Last contact

October, 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
rating
Beginning of cooperation
August, 2022
Last contact
October, 2024
Last update
June, 2024
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General information and rating
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
    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
    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
    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

    Banks of Turkey

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
    2 850
    N/A
    N/A
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    Comments

    • userpic round-small-mask

      19.08.2022 10:08:17 Armands

      Good day,
      Im representative of SIA TRAVEL CLUB company legally registered in Latvia. We want to open also account in Emlak bank for non-schengen payment. We are working with Shipping companies and arranging vessel crew transportation to and from Vessels, tankers, ships, oil platforms.
      Please advice if this possible and you can assist ?
      Many thanks in advance.

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