Business Bank Account Application in Turkey

Apply for a Business Bank Account in Turkey

Opening a business bank account in Turkey is an essential step for running a company, but the process can be unfamiliar and time-consuming — especially for foreign entrepreneurs. Banks often require detailed documentation and may have internal compliance criteria, such as residency or a work permit, that are not always publicly listed. Navigating this process without local support can be challenging due to language barriers and bureaucratic complexity.

At Workon, we provide application support only. We do not act as an intermediary, and we are not affiliated with any financial institution. Our service is strictly limited to helping you prepare, organize, and submit the required documents for your bank account application.

How We Support You

📝 Signatory Circular & Power of Attorney

The first step in most corporate bank account applications is preparing a signatory circular, which authorizes a person to act on behalf of your company.

• If you’re in Turkey, we accompany you to a notary to issue this document.
• If you’re abroad, the same document can be signed at a Turkish consulate, along with a power of attorney (PoA) authorizing us to carry out document submission steps on your behalf.

We ensure that your documents are correctly formatted and legally valid before they’re sent to the bank.

📄 Document Preparation & Application File

Each bank has slightly different document expectations. While we cannot speak or act for the bank, we guide you based on prior experience with common requirements. These typically include:

• Company registration documents
• Company tax number
• Company stamp
• Notarized passport translation of the authorized signatory
• Signatory circular
• Power of attorney (if applicable)

With these, we assist in compiling a complete and well-organized application file. If you’ve issued a PoA, we deliver the documents to the bank in person. Otherwise, we accompany you to the appointment and support you on-site.

🌐 Account Types and Application Process

We help you understand:

• The types of business accounts typically available
• Which banks may be open to foreign-owned companies
• The internal factors that can affect approval (e.g. country of origin, business activity, sector risk perception)

While we do not and cannot select a bank for you, we help you assess the general banking landscape and communicate with the bank to ensure all necessary documentation is ready before submission.

📆 Processing Timelines

Bank processes differ by institution and case:

• For companies owned by individuals: the review usually takes 1 business day
• For subsidiaries of foreign entities: the process can take 2–3 business days or more

These are not fixed deadlines. Internal bank evaluations, client risk profiles, and backlog may result in longer waiting periods.

🔒 After Submission Support

Once the application is approved:

• We help you activate online banking, which is often available in English
• You typically receive your login credentials by SMS or email; Turkish SIM is not always required, depending on the bank
• Some banks issue debit cards immediately, others by courier within a few days
• Most banks offer virtual cards accessible via mobile banking apps

We stay available to help you navigate any setup issues — but again, always in a supportive, non-intermediary role.

Start Your Application with Confidence

We are here to simplify the application steps — not the outcome. By preparing your documents carefully, helping you communicate with the bank, and providing guidance at each step, we aim to reduce friction and confusion in the process.

For assistance tailored to your situation, contact our team today.

Frequently Asked Questions

What kind of account is best for my business?
This depends on factors like where you’ll receive payments from, which currencies you’ll use, and whether you need local or international features. Once we understand your profile, we help you prepare an appropriate application — without recommending a specific bank.

Are there fees or deposits required?
Some banks request a minimum balance or deposit during activation. These funds are generally not blocked and can be used freely. There are typically no official taxes on account opening itself.

Can Workon guarantee my account will be approved?
Absolutely not. Bank account openings in Turkey are reviewed by each bank’s internal compliance and risk departments, which operate independently. No consultant, lawyer, or service provider can influence these decisions. What we do is help you submit a strong, complete, and clear application — to increase your chances, not to guarantee success.

Can you speak to the bank on my behalf?
Only in administrative matters and only if you have given us a valid Power of Attorney. Even then, banks often require direct communication with the business owner. We support the process, but do not act as agents or intermediaries.