Traditional Providers
Open a Turkish Lira Business Account
Open a TRY business account and operate across Türkiye with confidence. Hold, send, and receive TRY via SWIFT for international transfers. Manage your TRY balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
Unique account details in your company’s name
Access SWIFT network for TRY payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Turkish Lira
Currency name
TRY
ISO code
₺
Currency symbol
What’s Included with Your Turkish Lira Business Account
A dedicated TRY currency account connects your operations to Türkiye's economy without the complexity of establishing a domestic bankiTürkiyeng presence. You can send, receive, and hold TRY under a single multi-currency framework, ensuring greater control over liquidity and conversions.
Key Benefits
Collect revenues in TRY without forced conversion into another base currency.
Pay suppliers and counterparties in their preferred currency.
Align FX execution with treasury policy and market timing.
Build credibility and trust with Turkish and global counterparties.
The Risk of Not Having a Turkish Lira Account
Managing TRY activity only through foreign-currency accounts or ad-hoc conversions creates unnecessary cost, delays, and compliance challenges. Without a dedicated TRY account, local settlement becomes slower and less predictable.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer TRY transfers to domestic accounts.
Compliance hurdles:
Paying local taxes and payroll without TRY can be challenging.
Who We Serve
Our TRY Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding to Türkiye to established global organisations managing complex operations.
Global Corporates
Centralise TRY receivables, fund suppliers and payroll, and align TRY costs with RYevenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in TRY with role-based approvals and clear audit trails.
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Private Equity
Efficient TRY flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet TRY management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Turkish Lira Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and TRY flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
TRY account in your company’s name with SWIFT enablement.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Turkish Lira Business Account - FAQs
Opening a TRY account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.