GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Türk Ekonomi Bankası

How to open a bank account in Türk Ekonomi Bankası

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

September, 2022

Last contact

April, 2025

Last update

June, 2024
  • a private bank founded in 1927; entered into a strategic partnership with BNP Paribas Group (France) in 2005; one of the first banks in Turkey to develop its cell phone applications;
  • the bank opens savings (deposit) and current accounts;
  • the bank opens accounts for individuals – residents of Turkey, Turkish companies;
  • no deposit or minimum balance requirements;
  • to open an account a visit of the beneficiary / director to the bank branch is required;
  • since the bank is part of the European group, Compliance requirements will be stricter than in local Turkish banks;
  • issue bank cards;
  • need to get a tax number in Turkey in order to open an account;
  • Internet Banking in English;
  • time for opening an account for an individual ~ 14 days, for a legal entity ~ 1 month
GSL rating
rating
Beginning of cooperation
September, 2022
Last contact
April, 2025
Last update
June, 2024
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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
1927
History
It was founded in 1927. In 2005, it entered into a strategic partnership with the BNP Paribas Group (France)
Personnel
The staff speaks English
Bank’s shareholders
TEB HOLDING A.Ş. - 55%,00; BNPP YATIRIMLAR HOLDING A.Ş. - 23,51%; BNP PARIBAS FORTIS YATIRIMLAR HOLDING A.Ş. - 21,23; BNP PARIBAS SA - 0,24%; KOCAELİ TİCARET ODASI - 0,02%
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

    N/A
    Outcoming transfer, €
    N/A
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Distant access to the account
    Internet Banking
    Financial products
    The bank is active in various financial intermediary services, which include investment banking, leasing, factoring, insurance and portfolio management

    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
    In order to open an account, the beneficiary / director must visit the bank branch
    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
    Obtaining citizenship by investment in Turkey. Service offer

    The Turkish citizenship by investment program offers visa-free entry to many countries and allows you to retain other citizenships. To obtain citizenship, you sim...

    USD 20 000

    Buy
    Company registration in a Turkish free zone. Service offer

    Turkish free zones are designed to maximize the advantages of Turkey’s geographical location, its proximity to the markets of both the Middle East and Western and...

    USD 7 800

    Buy

    Banks of Turkey

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    Nurol Bank
    2 850
    N/A
    N/A
    Yapı Kredi
    2 850
    N/A
    N/A
    Türk Ekonomi Bankası
    2 850
    N/A
    N/A
    Halkbank
    2 850
    N/A
    N/A
    Ziraat Bankasi
    2 850
    N/A
    N/A
    VakifBank
    2 850
    N/A
    N/A
    Isbank
    2 850
    N/A
    N/A
    Emlak Katilim
    2 850
    N/A
    N/A
    DenizBank
    2 850
    N/A
    N/A
    Akbank
    2 850
    N/A
    N/A
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