Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
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How to Send Money to Turkey
Gather the relevant banking information including the recipient’s name and address, the IBAN, the TRRN code, the SWIFT/BIC code, and the recipient’s ID document information.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to Turkey using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to Turkey, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:
how the money is going to be used
how much you are sending
the source of the funds
if the money has been taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.
How to send money to Turkey at a great exchange rate
When looking at exchange rates, it’s important to know that the Turkish lira (TRY) follows a floating exchange rate system, with supply and demand within the market helping to determine the currency’s value. International developments, economic fundamentals, and monetary policies are also influencers.
Turkey Money Transfers – FAQs
Need to wire money to Turkey? We offer the fast and secure way to convert British pounds to Turkish lira online. Whether you need to transfer funds to Istanbul, Ankara, Izmir, Bursa, Adana, Gaziantep, Konya, Antalya, OFX is likely the best way to send money to Turkey. Headquartered in Sydney, Australia with offices around the world, we provide 24 hour access to a highly skilled forex team.
How quickly can OFX transfer your money to your bank account in Turkey?
Generally speaking, you can expect your funds to arrive in 3-5 days: 2 days for your bank to wire us the money and 1-3 days for OFX to convert your British pounds into Turkish lira and transfer to your Turkish bank account (via SWIFT) for final settlement. This can vary based on your payment method of transfer.
Is there any limit on how much money you can send to Turkey?
Absolutely not. However, you can get bigger savings when transferring larger amounts to Turkey from the United Kingdom.
Can you send money from your Turkish bank account to the UK?
Unfortunately OFX can only send money one way, from the United Kingdom to Turkey, not the reverse.
How can OFX help me manage GBP/TRY exchange rate movements?
Which banks in Turkey do you transfer money to?
OFX can transfer funds to any bank in Turkey, including, but not limited to:
- Ziraat Bankası
- Garanti Bank
- Yapı ve Kredi Bankası
- Halk Bankası
- Türk Ekonomi Bankası
- Turkiye IS Bankasi
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