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Turkey Money Transfers

Transfering money to Turkey, whether for emigration, imports, or sending money to a family member, using a regulated currency broker is fast, simple and safe. For a live quote on your money transfer, fill in your details on the form above and an FSA-regulated currency company will be in touch.

Making Turkish Money Transfers

Bank Details Required

You will need the following information to make a money transfer to Turkey:

Transfer Time for Turkish Money Transfers

Turkish money transfers are usually received the day after transmission. If you are using a currency company for sending money to Turkey, you should find funds arrive the next day after you have settled in sterling with your provider. In some cases Turkish banks may take one extra day to physically clear funds to the final beneficiary account.

 

Charges and Exchange Rates

The cost of international money transfers can be broken down into 2 sections: transfer charges, and exchange rates. Banks normally charge around £30 for a transfer, and also make up to 4% by 'loading' the exchange rate applied to a transaction.

 

Both these costs can be reduced by using a currency broker. Usually transfer charges are much less (or free), and the exchange rate should be much closer to the market rate. Please see our dedicated page on Turkish Lira exchange rates for more information.

 

Payments to Turkey can also be made in Euros or sterling. Beware however that if you are asked to send sterling, it may cost more than paying in Lira or Euros, so it is also worth getting a price in these currencies to see if it is cheaper. To find out the sterling cost of sending an exact Lira amount, fill in  your details at the top of the page and we will put you in touch with a company who can provide a competitive quote.

 

There may also be a small charge made by the receiving bank, to process and credit the payment to the Turkish bank account, and/or the routing bank, which is an intermediary used to route the payment through the international banking network to the recipient bank.