Expat Finance Services in Turkey
The official legal currency in Turkey since the year 1926 has been the Turkish Lira. Between the years 2005 and 2009, however, it was known as the New Turkish Lira. It is one of the least valuable and most devalued national currencies in the world. The Turkish Lira now is issued in different denominations with the bank notes being of various different colors according to their value - 5 (brown), 10 (red), 20 (green), 50 (orange), 100 (blue), and 200 (purple) Turkish liras.
There are numerous banks in Turkey, both national and international, some of the primary foreign ones being Deutsche Bank, Citibank and HBSC. There are also two large Islamic banks in Turkey which do not charge any interest, as prescribed by Muslim law. Most banks in Turkey will let their customers open accounts in foreign currency, such as dollars, pounds, or euros, but opening one in Turkish lira normally requires Turkish residency.
Many Turkish banks today provide additional support in the form of online banking capabilities. Some Turkish businesses still do not take credit or debit cards, but the larger ones do. ATM cards can be obtained with bank accounts, but many ATM machines will not work for foreign cards.
See our guides
Currency Exchange in Turkey
Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.
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Current Account in Turkey
Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.
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Offshore Savings in Turkey
Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.
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Expat Mortgages in Turkey
Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry
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Financial Advice in Turkey
Get information on investment portfolio building to achieve your investment objectives according to your risk profile.
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Expat Savings in Turkey
Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.
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QROPS in Turkey
Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas
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Online Broker in Turkey
Compare online brokers for forex trading, cfd trading, internet share trading and more..
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US Expat Tax in Turkey
American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote
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Tax Advisory in Turkey
Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.
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