Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: Karennina on June 08, 2014, 14:20:04 PM
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Is it just the normal documents you take to the bank please when changing an existing account to being a joint one, I am assuming that hopefully it will be a simple task? I do so hope I am not assuming wrong ;)
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It was easy when we did it in February.. Took about ten minutes...
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Easy enough with Finansbank, five minute job - as long as you have passport, proof of address etc.
JF
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ok thanks very much :)
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When we did it I had to get a tax number additional to the one that my missus already had.
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I've added both my kids to my finans account. They both had to get tax numbers. One did the forms when over, the other did the forms another time, sadly by that time they'd lost the form from the first one!
Managed to redo while all together in Antalya and the forms were couriered over to Fethiye.
Only problem is if I decide to change to a different product we would all have to be present to sign, but for rolling long duration savings accounts they don't need to sign each time.
I did it to save any problems with accounts being frozen should the worst happen.
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Be careful when doing it, don't do it while mid way through an investment period, we did it and lost 29 days of interest, not an inconsiderable sum. You live and learn.
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You don't have to do it globally, bear in mind that the investment account are "temporary". Do your TL & GBP accounts but tell'em to leave investments alone.
JF
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Thanks again everyone for info husband already has a tax number i don't know why we never opened it as a joint account, we are doing it for the same reason as you Linda the more I hear about Turkish beauracracy the more I realise I must attend to things out there and stop putting things off!
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And Karen make sure you specify either to sign. We did this and I just go on my own now, makes for an easier life!
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so for example if we were to change the account to just being a joint one nothing else and say we di it mid month woul we then lose the interest from that month as would it be deemed as opening a new account? sorry we never will fully understand the way banking works in Turkey...
Thanks Marggie will do :)
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Finans took the signatures and the instruction and changed it on interest day.
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so for example if we were to change the account to just being a joint one nothing else and say we di it mid month woul we then lose the interest from that month as would it be deemed as opening a new account? sorry we never will fully understand the way banking works in Turkey...
Thanks Marggie will do :)
See my previous post...
JF
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Sorry me again!! I don't understand John F about leaving my investments... If we go in on the first day of a new month would we not lose a whole months interest.. It is the ING Orange account, thanks for any advice :D
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If its the ING Orange then as I understand it the interest is calculated on a daily (overnight) basis. So changing the account status should have a minimal effect on any interest you gain.
Alternatively, if you have a variation (like a time deposit account) of the standard Orange account, open up a new joint account and at the end of the interest period transfer the funds into the new joint account.
However, you should really speak to the bank as opposed to taking financial advice, that could potentially cost you a fair bit of money, from a bunch of random posters (including myself) on an internet forum.
JF