Using a local bank
Most countries covered have at least two or three locally owned banks with an established network. Generally, such banks are soundly based and unlikely to go to the wall in the foreseeable future. For the most part, the requirements for opening an account are currently little more than a formality: usually, presenting a passport will suffi ce.
Local banks will usually be quite secure for transferring money through to pay for a property and for handling small sums on an ongoing basis. It m ay not be pr ude nt, however, to le ave l a rge sum s eit her on deposit or e ven in the bank’s vaults. In the fi rst instance, unlike in the UK, where even large deposits are protected by the Government in the case of default, that i s rarely t he c a s e i n le s s-developed m arket s. In t he second pl ace, b a n k rob -beries are more frequent in certain parts of the world and unless you can prove the amount of cash held in a bank safe you will have little chance of recovering your money after a break-in. One developer who left €250,000 in cash in a major Bulgarian bank, which was being held in that form to protect it from currency fl uctuations, lost all their money in this way. The bank was robbed, the money taken and it took the developer 18 months of hard legal threats to recover just a portion of their funds.
Main Turkish Banks are;
Akbank
Isbank
Denizbank
Garanti
Hsbc |