If you want to know information about Kuwait Turk Bank in Turkey, then you are reading the right article, as Skyline Holdings will provide you with everything you need to know about this Kuwaiti-Turkish bank.
We will start by giving you an overview of Kuwait Turk Bank, then we will talk about the services it offers to its clients, how you can open an account, and the necessary documents for that. Finally, we will present to you the advantages of dealing with this bank and answer the most important questions about it. We wish you a pleasant reading.
Kuwait Turk Bank, the largest interest-free Islamic bank in Turkey, was established in 1989. It is considered one of Turkey's most important banks, holding a gold reserve of 25 tons.
Several significant Kuwaiti and Turkish investment entities contribute to this bank:
- Kuwait Finance House: 62%.
- Turkish Religious Foundation: 18%.
- Turkish Social Security Institution: 9%.
- Islamic Development Bank: 9%.
- Other shareholders: 2%.
The bank has 227 branches distributed throughout various regions of Turkey, all of which witness significant interest from Arabs, whether for opening accounts or investing in it, due to its well-known reputation for its services and its evident impact on the Turkish economy's development. In addition to offering facilities that encourage families to deposit their savings in gold and invest in it.
Here is information about Kuwait Turk Bank in Turkey and the key services it offers to its clients:
The importance of this card cannot be overstated, as it helps facilitate shopping, as well as withdrawing and depositing funds. This card is obtained for free at Kuwait Turk Bank without additional fees (this should be mentioned in a special request during the account opening process). Moreover, the security measures applied by the bank to its cards are highly advanced. Among the prominent types of electronic cards available at the bank are gold, bronze, and traditional cards, each with its own special usage and different advantages from the others.
Kuwait Turk Bank owns a very large number of ATMs scattered across various states in Turkey, including streets, squares, major markets, airports, and near hospitals and hotels. These ATMs allow you to deposit and withdraw currencies other than Turkish lira, such as dollars and euros, with a daily withdrawal limit of up to approximately 5,000 Turkish lira.
The bank has launched a mobile application that offers many services and facilities to users, such as:
- Withdrawal and deposit from ATMs without a card using a barcode.
- Money transfer between different currencies within your account.
- External money transfer to other accounts.
- Payment of your outstanding bills.
- Topping up your phone with call, internet, and message credits.
- Monitoring your account, currency rates, and gold prices.
One of the most important pieces of information about Kuwait Turk Bank in Turkey that many people seeking to deal with this bank want to know is how to open a bank account. Whether it's a current account, participation account, or an account in Turkish lira, dollars, euros, or gold, you need to provide the required documents and follow the simple steps we will mention to you.
- Tax number.
- Your passport and a copy of it.
- Residence permit if available.
- Proof of residence.
- Account opening application form.
1. Obtain proof of address from the Turkish Directorate of Civil Registry.
2. Go to the tax office in person with your passport and obtain a tax number for free. (The process takes only a few minutes).
3. Prepare the required documents and take them to the nearest bank branch.
4. Book an appointment and wait for your turn.
5. Request an account opening form from the staff and fill it out. (If you don't speak Turkish, bring a translator with you or request an Arabic version of the form).
6. Submit the form and documents to the staff, who will then complete the procedures and issue you a bank card.
With that, you have completed the process and obtained all the information you wanted to know about Kuwait Turk Bank in Turkey.
As a client with an account in this bank, you are entitled to a range of benefits, including:
- Free electronic transfers from Kuwait Finance House to Kuwait Turk Bank.
- No fees for incoming SWIFT transfers.
- No minimum balance fees.
- Providing local currency exchange fees when using the ATM card.
- Arabic-speaking customer service.
- Easy management of your bills or any other local payments through electronic banking services.
- Great opportunity for successful investment in Turkey.
Here is information about Kuwait Turk Bank in Turkey in the form of answers to the most important questions and inquiries about the bank:
The maximum daily transfer or withdrawal limit is up to 15,000 Turkish lira or its equivalent in dollars or euros. As mentioned earlier, the maximum withdrawal limit from ATMs is 5,000 Turkish lira or its equivalent in other currencies.
ATMs offer 3 languages: Turkish, English, and Arabic. You can select your preferred language by pressing number 9 on the ATM screen and then choosing the language suitable for you.
The security measures applied to electronic cards are very strict. When using the card at ATMs, you will be asked to enter two digits of your birthdate. If you fail to enter them correctly, your card will be blocked immediately, preventing you from using it. You can only reactivate the card by contacting customer service or visiting a Kuwait Turk Bank branch near you.
With that, the Skyline Holdings article providing you with information about Kuwait Turk Bank in Turkey comes to an end. We've covered its services, account opening process, and features of this bank, which is one of Turkey's leading banks, winning numerous awards from professional associations and public institutions for its contribution to Turkey's economy. Additionally, it plays a significant role in attracting Gulf and European investments to the Turkish market.
