How to open a bank account in Isbank

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 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

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

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

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

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

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

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