Northen Cyprus - will a bank account be useful?

[Waldo Roni]

Will opening a bank in Northen Cyprus, a personal one, be useful anyhow? Won't I, or someone else who sends me money, have a problem with sending to/from sendingreceiving money?

What reputation, on average, do the banks of Norther Cyprus have in the eyes of European, UK, US and so on... banks?

Or maybe a business account will be more useful?

 

[bizniz]

It has a terrible reputation, but the good news it basically flies under the radar so they quote Turkish,German, or UK virtual IBAN details - so nobody will now you are banking there. At the end of the day it is pretty good. Banks sending money will not know it is going to Northern Cyprus.

Why not try Serbia or Northern Macedonia instead? Probably a safer bet and still outside EU and CRS.

 

[Piano]

It has a terrible reputation, but the good news it basically flies under the radar so they quote Turkish,German, or UK virtual IBAN details - so nobody will now you are banking there. At the end of the day it is pretty good. Banks sending money will not know it is going to Northern Cyprus.

Why not try Serbia or Northern Macedonia instead? Probably a safer bet and still outside EU and CRS.

Which banks would you recommend In North Cyprus ?

which banks accept non-residents ?

 

[rey skywalker]

the bigest is zirraat bank is goverment own, or f garanti bank is own by bbva

 

[Piano]

the bigest is zirraat bank is goverment own, or f garanti bank is own by bbva

Thanks !can a non-resident open an account ?

 

[rey skywalker]

why not ? trnc is very liberal is fully multicurrency account

 

[Piano]

It has a terrible reputation, but the good news it basically flies under the radar so they quote Turkish,German, or UK virtual IBAN details - so nobody will now you are banking there. At the end of the day it is pretty good. Banks sending money will not know it is going to Northern Cyprus.

Why not try Serbia or Northern Macedonia instead? Probably a safer bet and still outside EU and CRS.

Any specific banks you would recommend in Serbia or Macedonia ?

 

[Piano]

why not ? trnc is very liberal is fully multicurrency account

This is what ziraat bank says ..

”

1. Current Account​

Yo may open Current Account in our branches.

Necessary documents to be provided:

• TRNC Identity Card, Turkish Republic Identity Card or Passport
• Certificate of Residence “

so not possible for non residents

 

[Piano]

best info I found so far ..

http://www.t-vine.com/how-to-open-a-bank-account-in-north-cyprus/