How to open a bank account in Türk Ekonomi Bankası

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

September, 2022

Last contact

December, 2024

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

Beginning of cooperation

September, 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

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

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

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

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

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