Turkish Bank UK

Turkish Bank UK

Turkish Banking Group was established in Cyprus in 1901. Then named Nicosia Savings Box, it was originally aimed at providing financial support for local businesses. It was turned into a savings bank in 1925 and was operating internationally by 1974, opening its first London branch in Haringey. Turkish Bank UK was created as an officially incorporated company in 1992 and now operates as a wholly-owned subsidiary of the Group. There are six London branches; Haringey, Dalston, Edmonton, Palmers Green, Lewisham and Borough High Street.

Reviews Rating
80%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
73%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

Turkish Banking Group was established in Cyprus in 1901. Then named Nicosia Savings Box, it was originally aimed at providing financial support for local businesses. It was turned into a savings bank in 1925 and was operating internationally by 1974, opening its first London branch in Haringey. Turkish Bank UK was created as an officially incorporated company in 1992 and now operates as a wholly-owned subsidiary of the Group. There are six London branches; Haringey, Dalston, Edmonton, Palmers Green, Lewisham and Borough High Street.

Features

Contact Info

Email
info@turkishbank.co.uk
Address
84-86 Borough High St, London SE1 1LN, UK
Phone
020 74035656

About Turkish Bank UK

Turkish Banking Group was established in Cyprus in 1901. Then named Nicosia Savings Box, it was originally aimed at providing financial support for local businesses. It was turned into a savings bank in 1925 and was operating internationally by 1974, opening its first London branch in Haringey. Turkish Bank UK was created as an officially incorporated company in 1992 and now operates as a wholly-owned subsidiary of the Group. There are six London branches; Haringey, Dalston, Edmonton, Palmers Green, Lewisham and Borough High Street.

Turkish Bank UK is a member of both BACS and Faster Payments.

Turkish Bank UK Products and Services

Turkish Bank UK offers a range of deposit accounts, including fixed term, 35, 60 and 90-day notice accounts, a savings account, instant access account and Turkish Lira fixed deposit account. The bank also offers current accounts and a current account switching service.

Turkish Bank UK also offers mortgage products, specifically aimed at helping Turkish nationals living in the UK to purchase a home.

Turkish Bank UK also provides business banking services to commercial organisations and SMEs. These services are tailored to meet the needs of individual businesses, and include:

  • Business bank accounts
  • Trade finance
  • Foreign exchange
  • Project finance

Alongside these products, the bank also offers a range of payment management services including CHAPS, SWIFT, BACS and FasterPayments, plus standing orders and direct debits. Cheque payments can be made in pounds sterling, Euros and US dollars.

Customers looking to bank with Turkish Bank UK who have been resident in the UK for less than two years can apply to be a global banking customer, with specialised products available via two of the London branches. Non-residents can also apply.

Turkish Bank UK Security

Turkish Bank UK is authorised by The Prudential Regulation Authority and regulated by The Financial Conduct Authority and The Prudential Regulation Authority.

Turkish Bank UK Contact Details

84 – 86 Borough High Street
London
SE1 1LN

Telephone: 020 7403 5656

Email: info@turkishbank.co.uk

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Turkish Bank UK Reviews

Bars Bor
March 26, 2024

“Very safe and reliable institution, with long history in UK”

Very safe and reliable institution, with long history in UK. Popular for fixed term and current accounts, debit card/POS solutions, mortgages. Community bank serving Turkish speaking community.

Nelli
October 30, 2019

“Don’t use this Turkish Bank!!!!! You will be heart”

Don’t use this Turkish Bank!!!!! You will be heart attack!!!!!!!

One person found this helpful

Turkish Bank UK Accounts

35 Day Notice Account
35 Day Notice Account
Savings
Monthly Fee
0.20%
Interest Rate
Overdraft
Overdraft Rate
60 Day Notice Account
60 Day Notice Account
Savings
Monthly Fee
0.25%
Interest Rate
Overdraft
Overdraft Rate
90 Day Notice Account
90 Day Notice Account
Savings
Monthly Fee
0.35%
Interest Rate
Overdraft
Overdraft Rate
Fixed Term Deposits
Fixed Term Deposits
Savings
Monthly Fee
0.15% to 0.90%
Interest Rate
Overdraft
Overdraft Rate
Basic Savings Account
Basic Savings Account
Savings
Monthly Fee
0.05%, 0.08%, 0.10%
Interest Rate
Overdraft
Overdraft Rate
Call Account
Call Account
Savings
Monthly Fee
0%
Interest Rate
Overdraft
Overdraft Rate
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