Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: charlste on June 13, 2018, 07:51:52 AM
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Is it straight forward with Garanti bank to transfer sterling from an account with them to an account in a uk bank using internet banking.
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Yes.
JF
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I would suggest using Transferwise to do this to avoid high bank charges. Very safe and I always use them.
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What is transferwise?
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https://transferwise.com/
I use them to send money to Turkey haven’t tried it the other way. Good exchange rates and money usually arrives same day.
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Is there a fee to pay for internet banking transferring from GBP account to uk bank?
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Yes. Amount depends on bank, or what fee you can negotiate with them.
JF
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Can we use TransferWise to transfer money from a UK bank to a Turkish bank and how does it work? Thanks
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Yes you sign up to transferwise, give them you bank account details in Turkey and tell them how much you want to transfer. You then pay them that amount using your debit card, I use Apple pay. There is a small fee involved. The rate of exchange is shown at the time. The money us usually in your Turkish bank account the same day, You have to give proof of Identity, by uploading a photo of your passport. If using a smartphone download the app, it's easy to use.
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