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Turkish Bank

Turkish Bank business bank account comparison and review

Find out more about the Turkish Bank business account to see whether it suits your business needs.

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Matthew Boyle
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Turkish Bank offers a straightforward business bank account that can be managed online, by post, by phone or in-branch. Let’s take a closer look at how it works.

What types of business accounts are on offer?

Turkish Bank offers one business bank account which is aimed towards those just starting a business or those managing an established business.

Your account will have a dedicated business manager to provide support and you’ll be able to manage your account online, by post or phone, or go into one of the bank’s three London branches. There’s also an option to apply for an overdraft, providing you have a good credit rating.

How to apply

To open an account you’ll need to make an appointment by calling 0800 032 0480 or by going into one of the bank’s three London branches.

You will need to provide the following information and documents:

  • Proof of ID such as a passport or driving licence
  • Proof of address such as a recent utility bill or tax bill
  • Personal details such as your name and date of birth
  • 3 years’ address history
  • Details about your business

Pros and cons of Turkish Bank business accounts

Pros

  • Dedicated business account manager
  • Ability to manage your account online, by phone, by post or in-branch
  • Option to apply for an overdraft

Cons

  • Only 3 branches and these are all based in London
  • Monthly account fee
  • Further fees apply for transactions

Our verdict

If you’re London based and are looking for a business account with a dedicated account manager and the option to apply for an overdraft, the Turkish Bank business account ticks all those boxes.

However, the account falls short when you factor in the fees. As well as charging a monthly account fee of £10, you’ll also have to pay for everyday transactions, including cash withdrawals and deposits, and payments going in and out of your account.

For this reason, it’s worth comparing what other business bank accounts are available before making your decision.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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