Post by The March Hare on May 14, 2006 12:07:32 GMT 1
Banks and Setting up an Account
Saturday, 06 August 2005
Banking
Banks Generally
There are three types Turkey:
100% Private Owned
100% Government owned
50%/50% Government / Private
You will often hear people favour one bank over another and talk of the old days when banks went bust. The problem is when questioned further their comments are only hearsay and there's no evidence to back them up. However, as with all financial situations follow the old saying - don't put all your eggs in one basket. Spread your money about and minimise your risk.
Although you may recognise HSBC as a bank name in Turkey it is legally independent of the UK company and so your account is not 'live' in Turkey. You will still need to set up another account here in Turkey.
Banks in Fethiye
There are a large number of banks situated in Fethye. The only major bank not having a branch in Fethiye is HSBC - although they do have a cash point.
A selection of banks in Fethiye and with English sections on their web site are listed here.
Turkish Banks with Branches in Fethiye and English web sites
Deniz Bank
Finans Bank
Garanti Bank
Isbankasi
Koc Bank
Halk Bank
HSBC - ATM Only
Oyakbank
Seker Bank
Vakif Bank
Yapi Kredi Bankasi
How to Set up a Bank Account
Its really easy! All you need is your passport and the account can be opened up there and then. You don't even need to put any money in the account. If you want a savings account you will need a tax number but most banks will sort this out for you.
You can open accounts in Turkish Lira, Sterling, Euro and Dollar.
Transfering Money from UK
You can bring out cash and deposit that in your bank account but you are limited to £5,000.
An electronic transfer via the SWIFT system is generally used. Your Turkish bank will let you have the necessary codes. Most UK banks charge from £20 up for this service so it is more cost effective for large sums of money.
Take cash out using your debit card and pay it into your account. This is limited to your daily cash withdrawal limits and cash available in the cash machines. Also consider commission charges - .
Saturday, 06 August 2005
Banking
Banks Generally
There are three types Turkey:
100% Private Owned
100% Government owned
50%/50% Government / Private
You will often hear people favour one bank over another and talk of the old days when banks went bust. The problem is when questioned further their comments are only hearsay and there's no evidence to back them up. However, as with all financial situations follow the old saying - don't put all your eggs in one basket. Spread your money about and minimise your risk.
Although you may recognise HSBC as a bank name in Turkey it is legally independent of the UK company and so your account is not 'live' in Turkey. You will still need to set up another account here in Turkey.
Banks in Fethiye
There are a large number of banks situated in Fethye. The only major bank not having a branch in Fethiye is HSBC - although they do have a cash point.
A selection of banks in Fethiye and with English sections on their web site are listed here.
Turkish Banks with Branches in Fethiye and English web sites
Deniz Bank
Finans Bank
Garanti Bank
Isbankasi
Koc Bank
Halk Bank
HSBC - ATM Only
Oyakbank
Seker Bank
Vakif Bank
Yapi Kredi Bankasi
How to Set up a Bank Account
Its really easy! All you need is your passport and the account can be opened up there and then. You don't even need to put any money in the account. If you want a savings account you will need a tax number but most banks will sort this out for you.
You can open accounts in Turkish Lira, Sterling, Euro and Dollar.
Transfering Money from UK
You can bring out cash and deposit that in your bank account but you are limited to £5,000.
An electronic transfer via the SWIFT system is generally used. Your Turkish bank will let you have the necessary codes. Most UK banks charge from £20 up for this service so it is more cost effective for large sums of money.
Take cash out using your debit card and pay it into your account. This is limited to your daily cash withdrawal limits and cash available in the cash machines. Also consider commission charges - .
