Please select the country

What is the local currency? 

Turkish lira (TL) and Kurus. 100 Kurus = 1 TL
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What denominations does it come in? 

Notes: 5, 10, 20, 50, 100 and 200 TL

Coins: 1, 5, 25, 50 kurus. 1 TL
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What is the best way to exchange currency? 

Once you have a bank account, you can easily exchange money at the ATM or through on line banking. Before then, money exchange bureaus can easily be found in every town and city.
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What are commonly-used forms of payment for everyday purchases (such as groceries)? 

Credit cards, local bank cards and cash.
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Will I be able to use my credit card around town? If not, list when I’ll need cash. 

Most major credit cards are accepted, but it is wise to carry cash when using local shops and bars.
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By what method are bills (such as rent and utilities) paid? 

For rental payments and utilities, the best options are internet banking or making a standing order from your bank. Bill payments can be quite difficult for some foreigners as they are all printed in Turkish and often don't arrive on time or on some occasions at all. Some bills can be paid at the counter at selected local banks. However, the queues can be long and you’ll not want to repeat the experience too often! Crown Relocations Istanbul can provide assistance on managing home accounts and bill payments.
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What are the requirements for opening a bank account?  At what stage of the settling-in process should I open it?

The bank will need your passport, work or residence permit and Turkish ID number to open a bank account. Until your address is registered with the district civil registration offices, banks will only provide limited services .
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Will foreign residents be able to find banking services in their native languages?

Most Banks have internet banking, telephone banking and ATM services in English as well as Turkish. However, bank staff who work in the branch are likely to have very limited foreign language skills.
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Are there any restrictions on services for those who are new to your country?

No.
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What are typical banking hours? 

9:00 a.m. to 5:30 p.m., Monday to Friday often with an hour closed for lunch. Some banks have a limited number of branches open on Saturday morning.
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Are automatic teller machines (ATMs) available around the clock? 

Yes, they are.
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Is there any other money information that might help me? 

Get used to tracking currency movements. The Turkish Lira historically is a depreciating currency. The exchange rate fluctuates a great deal and can move very rapidly…
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IMPORTANT NOTE:
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.

 

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