Today, almost every individual has an account in at least one bank. Banks are reliable addresses for us to keep our money. You can easily make payments by credit or debit card in many parts of Turkey. If you have Visa and MasterCard, you can use it in many places.
Today, almost every individual has an account in at least one bank. Banks are reliable addresses for us to keep our money. You can deposit any amount of money you want into the bank account opened in your name from the bank you applied for, and you can do your shopping without using cash thanks to the card they give you. Credit cards, one of the services offered by every bank, are used by many people. Credit cards, the limits of which are determined by the banks, are also frequently preferred because they also offer installments in shopping. Every country has banks belonging to that country. In addition to these banks, it is located in international banks.
In order to avoid risks such as theft, drop or loss, it will be an easier and wiser option not to set out with a large amount of cash and, if possible, to withdraw money piecemeal from an ATM in the city you are traveling to abroad. Most people prefer to pay by credit or debit card most of the time when they go to another country. You can easily make payments by credit or debit card in many parts of Turkey. If you have Visa and MasterCard, you can use it in many places. American Express, on the other hand, offers payment at high-budget hotels and restaurants.
It would be advantageous to call your bank and let them know that you are planning a trip abroad before you go abroad. If you inform your bank before traveling to another country, you will prevent the software that comes into play to prevent fraud when you use a card abroad. When you find out whether the bank you use in your home country has an agreement with any of the banks in the country you are going to, it affects the amount of the commission when withdrawing money from ATMs during your travel. Withdrawing money from the ATM of the contracted bank means you pay much less commission.
The commission taken when making transactions in Turkey with foreign bank cards is the transaction and exchange rate fees charged by your own bank. The commissions applied vary from bank to bank and from year to year. One of the factors affecting commissions is the type of currency. The commissions of currencies used in many parts of the world such as dollars and euros are lower than the commission rates of other currencies.
Many local ATMs in Turkey allow you to make withdrawals in foreign currencies (such as Dollars and Euros). If the ATM you want to withdraw money from has the emblem of the currency you want on it, you can easily withdraw money from there. However, it will always be more advantageous to withdraw money in the local currency of the country you are visiting. Usually, ATMs set an automatic exchange rate using Dynamic Currency Conversion (DCC).
This means that you will pay more for your transactions. You will be more profitable when you withdraw money in the local currency of the country you are visiting and then convert it to the exchange rate you want. Some Turkish banks where you can easily withdraw money from ATMs in Turkey; TEB (Turkish Economy Bank), Garanti Bank, Akbank, Türkiye İş Bankası, Vakıfbank, Finansbank. There are 44 foreign banks with branches in Turkey. If your bank also has a branch in another country, you can easily make your withdrawals at these branches.
Banks are great saviors for those who don't want to carry a lot of cash with them. It provides convenience with the possibility of withdrawing cash from ATMs. When people have their credit or debit cards opened abroad before travelling, they can easily use them to make payments in many markets, restaurants, shops and even buses in Turkey. Another reason why banks are preferred is loans. Individuals or companies often turn to banks to meet their bulk cash needs in a short time. Banks provide loans to people who are eligible to use loans with certain interest rates.
Whether people can use credit is determined by looking at many factors such as their income and jobs. The conditions for foreign nationals to use credit in Turkey are as follows; Foreigners who are citizens of a foreign country and reside within the borders of Turkey must prove their residence and work permits from Turkey in order to obtain a loan. Banks require foreigners to have a residence or work permit for at least 12/24 months. Residence or work permit alone is not sufficient for foreigners to apply for a loan, and a guarantor is required. In case foreigners leave Turkey and do not return, banks require a Turkish citizen to be shown as a guarantor.
In case of applying for a loan to purchase a real estate, the title deed of the real estate to be purchased, water or electricity bills must also be shown to the bank. Banks determine the loans they give to foreigners according to the value of the relevant real estate. Foreigners working in Turkey are also required to submit their salary slips and documents showing their 3-month income to the bank. With this condition, it is not possible for unemployed foreigners to take out loans. Foreign nationals can apply for consumer loans to meet their cash needs. For this, the customer must initially open a bank account. Documents and information required from foreigners to submit to the bank in order to apply for a consumer loan; A copy of passport, Certificate of Income, Work and Residence Permit, a Turkish citizen guarantor or cash collateral.
Foreign nationals can apply for a vehicle loan to buy a new car. For this, the customer must initially open a bank account. Documents and information required from foreigners to submit to the bank in order to apply for a vehicle loan; A copy of the passport, Proforma invoice of the car to be purchased (the document that indicates the agreement between the buyer and the seller), Income Certificate, Work and Residence Permit, a Turkish citizen guarantor or cash guarantee.
When foreigners want to buy a new house in Turkey, they can apply for a housing loan for their financing needs. For this, the customer must initially open a bank account. Documents and information required from foreigners to submit to the bank in order to apply for a housing loan; A copy of the passport, Title deed of the real estate to be purchased, Guarantee, a Turkish citizen guarantor or cash guarantee, Certificate of Income, Work and Residence Permit.
Apart from the specified documents, it may be in different documents that banks may request. For these details, you can access the details of the documents on the website of the bank you are considering applying for a loan.0 Comments