Credit cards are widely used and accepted nearly everywhere. Visitors can use their Visa and MasterCard. But Amex and Dinners are often not accepted. So if you have an Amex card for example, be sure to have a Visa or Mastercard to be prepared. In Turkey, you may need to enter your card password in order to use your credit card. don’t worry it is only for your card’s security.

Nowadays, we usually deal with our financial affairs through online banking. We can easily track the status of our currency and the stock market. But when you go to a foreign country, you may be a little worried about encountering different banks and different currencies. There is no need to be afraid because quite crowded and lively cities, especially Istanbul, also retain these characteristics in an economic sense. While exploring Istanbul, you may encounter quite a lot of banks and currency exchange offices. So, it will be effortless for you to apply to these places without having a question mark about money, banking, and your currency.

Banking in Turkey

It is quite effortless to get to the branches and ATMs of Turkish banks in Istanbul. Therefore, banking in our country, and performing transactions related to a credit card and our currency will not cause concern for you. The Turkish banking system has developed considerably, especially over the past ten years. It has quickly become responsive to the financial needs of foreigners and Turkish citizens who have connections with Turkey. As a foreigner, foreign citizen, or tourist, the advantages offered by Turkish banks to you include paying utility bills, receiving your pensions, and having favorable interest rates.

As popular banks for foreigners, Yapıkredi, Işbank of Turkey, HSBC, Denizbank, Garanti BBVA, Akbank, Ziraat Bank and TEB can be given as examples. You have come to Turkey and want to live here permanently; that is, you will need a bank account. In these cases, it is also possible to open a bank account in Turkey by following some steps and keeping the necessary documents. But some Turkish banks open bank accounts only for foreigners who will stay in the country permanently. The documents required to open your bank account consist of ...

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