GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Isbank

How to open a bank account in Isbank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

August, 2022

Last contact

November, 2025

Last update

August, 2025
  • the largest private bank in Turkey, founded in 1924;
  • the bank opens savings (deposit) and settlement accounts;
  • the bank opens accounts for individuals-residents of Turkey, Turkish companies and branches of foreign companies;
  • no deposit and minimum balance requirements;
  • requires a visit of the beneficiary / director to the bank branch to open an account;
  • makes it possible to get a preliminary approval to open an account before submitting a full application;
  • bank cards can be issued;
  • requires a tax number in Turkey to open an account;
  • Internet Banking in English;
  • time of opening an account for a natural person ~ 14 days, for a legal entity ~ 1 month
GSL rating
rating
Beginning of cooperation
August, 2022
Last contact
November, 2025
Last update
August, 2025
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+44 0 207 822 85 93

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
1924
History
The inception of the country's first truly national bank following the promulgation of the Republic dates back to 26 August 1924, mandated by Atatürk, consequent to the First Economy Congress in İzmir. Isbank begun to operate with two branches and 37 staff under the leadership of Celal Bayar, the first General Manager to run the bank.​
Personnel
The staff speaks English
Bank’s shareholders
İşbank Pension Fund (37,26%); Atatürk Shares (28,09%); Free Float (34,65%)
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

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    No minimum account balance requirements
    Transactions permitted per month
    No restrictions
    Initial deposit of funds, €
    No down payment requirements
    Minimum turnover, €/year
    No restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services
    Tariffs and services

    0
    Outcoming transfer, €
    0
    Incoming transfer, €
    0
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Distant access to the account
    There is Internet Banking in English
    Financial products
    The bank provides a wide range of services in the area of various businesses and personal needs

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    30
    Days to open for outcoming transfers
    30
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Requires a visit of the beneficiary / director to the bank branch to open an account
    Required
    Standard set of apostilled founding documents of the company, passport copy of the director / trustee / beneficiary, description of the client's business, completed questionnaire
    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
    Offers
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