Calis Beach and Fethiye Turkey Discussion Forum

Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: Rimms on April 09, 2006, 16:39:26 PM

Title: Banks
Post by: Rimms on April 09, 2006, 16:39:26 PM

My agent has just told me that Turkish banks will not protect you if one of their staff steals money from your account, is this correct? If so, must be a big concern for anyone with their pension deposited over there.

Rimms

Title: Banks
Post by: stuart on April 09, 2006, 20:28:48 PM

i would suggest then not to put your eggs all in one basket keep some back in an uk account, it may not be just the staff after your money..

Title: Banks
Post by: Linda1953 on April 20, 2006, 17:42:11 PM

oh dear this is a bit worrying!

Title: Banks
Post by: puma on April 20, 2006, 21:42:49 PM

no problem for me.
I haven't got any money

Title: Banks
Post by: number2 on April 20, 2006, 22:06:43 PM

need to invest my £10, which bank pays most interest. Alan

Title: Banks
Post by: Crabbit on April 20, 2006, 22:20:42 PM

No problem for me.
I haven`t got any money

Title: Banks
Post by: doll on May 20, 2006, 09:47:13 AM

garanti bank paying 2.75 tl for £ s

Title: Banks
Post by: Gary-O on May 20, 2006, 11:29:24 AM

Rimms,
I was told that some banks may take your money and you will not be able to get it back, however, with a government backed bank i.e Finans, Garanti you have no such problem and you can rest assured your money is safe. The only problem i encountered with the Garanti Bank was the length of time it took to get to the till.

Title: Banks
Post by: kenkay on May 20, 2006, 16:04:33 PM

Gary-O
We had the same problem at Garanti. It's worst on Monday and not much better on Tuesday. The last couple of times we've been between 9 and 10 on Thursday and got in and out in next to no time. :D
Ken & Sue
p.s. This included going to the till and some business upstairs as well.

Title: Banks
Post by: Linda1953 on May 20, 2006, 20:42:41 PM

You know your interest rate on your lira how come it goes down.  Mine was 16.25 to start with now its going down to 15.25 and does it continue to go down each month and if this is the case would it be better to move my money to another bank?

Title: Banks
Post by: tribalelder on May 21, 2006, 07:47:03 AM

It can go up or it can go down.  The current trend is downwards.  Changing banks will not make a great deal of difference. The rates are governed by the overall financial situation in the country as a whole and in fact the world economy. Turkey is trying to reduce inflation so the trend will be downwards. :)

Title: Banks
Post by: Linda1953 on May 21, 2006, 17:31:04 PM

ok thanks for that at least I know I'm not missing anything elsewhere LOL

Title: Banks
Post by: kim on May 21, 2006, 18:47:11 PM

No ones mentioning Oyak ,hopes it safe ,thats where my nest egg is ! Kim

Title: Banks
Post by: wickwilly on May 21, 2006, 22:05:19 PM

Oyak should be ok it is the army bank!!

WW

Title: Banks
Post by: doll on June 04, 2006, 18:02:39 PM

the banks are not free in turkey
you have to pay for every account you open here
its not much but it isnt free or safe as posts will tell you, its a gamble