The Central Bank of the Republic of Turkey sets the monetary and exchange policies in the country. Outside of Turkey: +90 212 335 9000 Contact the main or regional offices of these banks for assistance in opening your new Turkish bank account. Contact a bank in the United States that has branches in Turkey. "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. There are foreign banks in Turkey as well, including Deutsche Bank, HSBC Bank, Citibank, and J.P. Morgan Chase. There are two major Islamic banks in Turkey: Turkish Bank and Türk Arap Bankası. Bank of America and China Construction Bank offered free consumer account wire transfer service to and from China by eliminating all fees on transfers. Outside of Office Hours, contact: +90 212 335 9000. Istanbul, in particular, is home to many expats who have moved to Turkey to work, study or retire in a vibrant and enriching environment. The Banks Association of Turkey (BAT, or Turkish TBB) is the representative body of the banking sector in Turkey established for protecting and promoting the professional interests of its members. Because of the currency instability, foreign currency holdings were prized in Turkey for many years. With coverage of nearly 3,000 banks and Non-Bank Financial Institutions as well as in-depth analysis and commentary—including full reports, updates, and navigators—Fitch is the go-to source for financial institutions ratings and research. There are 49 banks as of May 2013: 3 public deposit, 11 private deposit, 16 foreign deposit, 4 public investment, 5 private investment, 4 foreign investment, 4 participation banks and 2 banks under the supervision of the TMSF. Even today, most Turkish banks will give you the option of opening an account in Turkish lira or a foreign currency. Answer 1 of 11: Hello, Has anyone used their Bank of America debit card at an ATM in Turkey? Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America… Turkey is located between the continents of Europe and Asia. U.S. Citizens with emergencies, please call +90 212 335 9000 . The following table lists the 100 largest bank holding companies in the United States … As of September 2006, the size of the banking industry is 88.2% of total financial sector in Turkey. While bank regulators have said that sending remittances to Somalia is allowed, recent enforcement actions have spooked institutions into dropping the country as a place to send funds. Citibank, Deutsche, Fortis, HSBC, ING, Millennium and J.P. Morgan Chase are all familiar banks that have branches in Turkey.