Sending money to Turkey made easy: tips & tricks - 2024

Safe and cheap: money transfer to Turkey

Hey travel lovers! If you're dreaming of your next Turkey adventure, then you've come to the right place. In this article we will talk about a topic that is often overlooked, but is still crucial when it comes to optimally planning your trip: sending money to Turkey.

No matter whether you are looking for a relaxing beach holiday Bodrum Whether you plan to experience the breathtaking history of Istanbul or explore the magical landscapes of Cappadocia - you will need money to enjoy these unforgettable moments. But don't worry, we've put together a comprehensive guide with tips and tricks to ensure you get the most out of your trip to Turkey. Let's get started!

The best methods to send money to Turkey safely

1. Bank transfer:

• A traditional method where you can transfer money from your bank account in Germany to a Turkish bank account.
• Make sure you enter the recipient's IBAN correctly to avoid delays.
• Pay attention to the exchange rates and transfer fees charged by your bank.

2. Money Transfer Services:

• Use specialized money transfer services like Western Union or MoneyGram to quickly send money to recipients in Turkey.
• These services often offer branches and partner locations to collect money in cash.
• Please note the fees and exchange rate as these may vary.

3. Online Money Transfer Services:

• Platforms like TransferWise (now Wise) or PayPal make it possible to send money online to recipients in Turkey.
• They often offer cheaper fees and better exchange rates compared to traditional banks.
• You will need the recipient's bank details or an email address, depending on the service.

1. Wise (formerly TransferWise):

Wise is an international money transfer service that allows people to send money to various countries, including Turkey, cheaply and efficiently. Here are some important information and benefits of Wise:

1. Transparent Fees: Wise is known for its transparent fees. You get the real foreign exchange rate and only pay a small service fee, which is usually much lower than traditional banks.
2. Fast transfers: Most Wise transfers occur within a few hours to a day, depending on how you send the money.
3. Various transfer options: You can transfer money directly to a Turkish bank account or send it to the recipient's email address for easy collection.
4. User-friendly app: Wise offers an easy-to-use app and website that makes it easy to make transfers and track the progress of your transactions.
5. High security standards: Wise uses advanced security measures to ensure the safety of your transfers and personal information.
6. Multi-currency accounts: Wise allows you to hold multi-currency accounts in different currencies, which can be particularly useful for international business and travel.
7. Availability: Wise is available in many countries worldwide and also has a presence in Turkey.
8. Transparent cost calculators: Wise's website offers a cost calculator so you can check the fees and exchange rate for your specific transfer in advance.

Before making a transfer with Wise, make sure you have the recipient's correct bank details and check current exchange rates to ensure you get the best deal. Wise is a popular choice for people looking to make cost-effective and reliable money transfers to Turkey and other countries.

2. PayPal:

PayPal is a world-renowned online payment platform that allows users to send and receive money online safely and conveniently. Here are some key features and benefits of PayPal:

1. Easy registration: You can register with PayPal easily and for free by linking an email address and adding a bank account or credit card.
2. Safety: PayPal uses advanced encryption technologies to ensure the security of your financial information.
3. Sending money: You can send money to friends, family or business partners in Turkey and around the world. The recipient also needs a PayPal account.
4. Online purchases: PayPal is accepted by many online retailers, allowing you to shop securely online without revealing your credit card information.
5. Free money transfers: Sending money to friends and family in the same currency is usually free.
6. Currency conversion: PayPal offers currency conversion services when you send money to another currency.
7. Mobile app: PayPal offers an easy-to-use mobile app that makes it easy to send money and track transactions, even on the go.
8. Buyer protection: PayPal offers buyer protection, which protects you if an item you purchase is not as described or is not delivered.
9. Seller protection: Sellers can also protect themselves from unauthorized chargebacks and fraud with Seller Protection.
10. PayPal credit: PayPal also offers credit and installment payment options for online purchases.

Before using PayPal to send money to Turkey, you should make sure that both you and the recipient have a PayPal account. You can then send money from your PayPal account to the recipient's PayPal account. However, be aware of the fees for international transfers and the exchange rates that may apply to such transactions. PayPal is a convenient option for online payments and money transfers, both within and outside Turkey.

3.Western Union:

Western Union is a global leader in money transfer services, enabling people to send money quickly and securely to recipients in various countries, including Turkey. Here are some key features and benefits of Western Union:

1. Global presence: Western Union has thousands of locations worldwide, including banks, post offices and money transfer agencies, making it easy to collect money.
2. Fast transfers: Most Western Union transfers occur within minutes or hours, depending on how you send the money.
3. Cash collection: The recipient can collect the money in cash at one of the Western Union locations in Turkey.
4. Online transfers: Western Union also offers the ability to send money online and transfer directly to a Turkish bank account.
5. Mobile app: Western Union has a mobile app that you can use to make transfers and track the status of your transactions.
6. Currency conversion: Western Union offers currency conversion services when you send money to another currency.
7. Various transfer options: You can send money in person, online, or over the phone, depending on your preferences and needs.
8. Customer support: Western Union offers customer support and help with questions or problems related to money transfers.
9. Money transfers to bank accounts: You can also transfer money to a Turkish bank account if this is the recipient's preferred option.

Before using Western Union to send money to Turkey, you should check the fees, exchange rates and transfer times, as these may vary depending on the transfer option. Western Union is particularly useful when the recipient needs the money quickly in cash or does not have bank details. It is important to provide the correct information of the recipient to ensure the money is transferred smoothly.

4. MoneyGram:

MoneyGram is an international money transfer service that allows people to send money quickly and securely to recipients in various countries, including Turkey. Here are some key features and benefits of MoneyGram:

1. Global presence: MoneyGram has thousands of locations worldwide, including banks, post offices, and retail stores that serve as pickup locations for money transfers.
2. Fast transfers: Most MoneyGram transfers occur within minutes to hours, depending on how you send the money.
3. Cash collection: The recipient can collect the money in cash at one of the MoneyGram locations in Turkey.
4. Online transfers: MoneyGram also offers the ability to send money online and transfer directly to a Turkish bank account.
5. Mobile app: MoneyGram has an easy-to-use mobile app that allows you to make transfers and track the status of your transactions.
6. Currency conversion: MoneyGram offers currency conversion services when you send money to another currency.
7. Various transfer options: You can send money in person, online, or over the phone, depending on your preferences and needs.
8. Customer support: MoneyGram offers customer support and help with questions or problems related to money transfers.
9. Money transfers to bank accounts: You can also transfer money to a Turkish bank account if this is the recipient's preferred option.

Before using MoneyGram to transfer money to Turkey, be sure to check the fees, exchange rates, and transfer times, as these may vary depending on the transfer option. MoneyGram is particularly useful when the recipient needs the money quickly in cash or does not have bank details. It is important to provide the correct information of the recipient to ensure the money is transferred smoothly.

5. WorldRemit:

WorldRemit is an online money transfer service that allows people to send money safely and conveniently to recipients in various countries, including Turkey. Here are some key features and benefits of WorldRemit:

1. Online money transfer: WorldRemit offers a user-friendly online platform and mobile app that allows you to make money transfers from the comfort of your computer or smartphone.
2. Fast transfers: Most transfers with WorldRemit occur within minutes to a day, depending on how you send the money and how quickly the recipient can collect it.
3. Various transfer options: You can transfer money directly to a Turkish bank account, have it collected in cash at one of the withdrawal points in Turkey, or send it to the recipient's mobile phone number.
4. Transparent Fees: WorldRemit offers clear fee structures and exchange rates that you can check in advance to understand the total cost of your transfer.
5. Currency conversion: WorldRemit offers exchange rates for various currencies, so you can send money in the currency the recipient needs.
6. Mobile wallet: You can also send money to the recipient's mobile wallet (Mobile Money) if this option is available in Turkey.
7. Customer support: WorldRemit offers customer support and help with questions or problems related to money transfers.
8. Safety: WorldRemit uses advanced security measures to ensure the safety of your transactions and data.

Before using WorldRemit to transfer money to Turkey, you should check the fees, exchange rates and transfer duration to make sure it is the best option for your needs. WorldRemit is a popular choice for people who want to make convenient and cost-effective money transfers to Turkey and other countries, especially when the recipient can receive the money in various ways.

6. Xoom:

Xoom is an international money transfer service that allows people to send money safely and quickly to recipients in different countries, including Turkey. Here are some key features and benefits of Xoom:

1. Online money transfer: Xoom offers an easy-to-use online platform and mobile app that allows you to make money transfers from your computer or smartphone.
2. Fast transfers: Most transfers with Xoom occur within minutes to a day, depending on how you send the money and how quickly the recipient can collect it.
3. Various transfer options: You can transfer money directly to a Turkish bank account, collect it in cash at one of the Xoom payout points in Turkey, or send it to the recipient's mobile phone number.
4. Transparent Fees: Xoom offers clear fee structures and exchange rates that you can check in advance to understand the total cost of your transfer.
5. Currency conversion: Xoom offers exchange rates for various currencies, so you can send money in the currency the recipient needs.
6. Mobile wallet: You can also send money to the recipient's mobile wallet (Mobile Money) if this option is available in Turkey.
7. Customer support: Xoom offers customer support and help with questions or problems related to money transfers.
8. Safety: Xoom uses advanced security measures to ensure the safety of your transactions and data.

Before using Xoom to transfer money to Turkey, you should check the fees, exchange rates and transfer duration to make sure it is the best option for your needs. Xoom is a popular choice for people who want to make convenient and fast money transfers to Turkey and other countries, especially when the recipient has different options to receive the money.

7. Revolute:

Revolut is a digital financial platform that offers a wide range of financial services, including cross-border money transfers. Here are some key features and benefits of Revolut:

1. Multi-currency accounts: With Revolut you can create a multi-currency account and hold different currencies. This is particularly useful for travel and international transactions as you can avoid exchange rates.
2. Free and fast transfers: Revolut allows free and fast money transfers to various countries, including Turkey. Transfers often occur in real time or within a few hours.
3. Favorable exchange rates: Revolut offers competitive exchange rates that are usually close to the mid-market exchange rate. This can result in significant savings on international transfers.
4. Free debit card: Revolut offers a free debit card that can be used in various currencies. It's ideal for spending abroad without currency conversion fees.
5. User-friendly app: Revolut offers an easy-to-use mobile app that allows you to make transfers, track spending and manage accounts.
6. Cryptocurrencies: Revolut also allows you to buy, sell and store cryptocurrencies such as Bitcoin, Ethereum and others.
7. Premium Membership: In addition to the free version, Revolut also offers premium memberships with additional benefits such as higher withdrawal limits, travel insurance and more.
8. Safety: Revolut uses advanced security measures to protect its users' data and transactions.

Before using Revolut to transfer money to Turkey, make sure you check the current fees and exchange rates to get the best terms for your transfer. Revolut is popular among travelers and people conducting international financial transactions as it offers a cost-effective and convenient way to send and manage money across different countries.

8. Skrill:

Skrill is an online payment platform that allows users to send and receive money online safely and conveniently. Here are some important features and benefits of Skrill:

1. User friendliness: Skrill offers an easy-to-use platform and mobile app that allows you to make money transfers from your computer or smartphone.
2. Fast transfers: Skrill enables fast money transfers to recipients in Turkey and around the world.
3. Various transfer options: You can transfer money directly to a Turkish bank account or send it to the recipient's email address.
4. Prepaid Mastercard: Skrill offers a prepaid Mastercard that you can use for online purchases and cash withdrawals.
5. Currency conversion: Skrill offers exchange rates for various currencies, so you can send money in the currency the recipient needs.
6. Cryptocurrencies: Skrill also allows you to buy, sell and store cryptocurrencies such as Bitcoin, Ethereum and others.
7. Customer support: Skrill offers customer support and help with questions or problems related to money transfers.
8. Safety: Skrill uses advanced security measures to ensure the safety of your transactions and data.

Before using Skrill to transfer money to Turkey, you should check the fees, exchange rates and transfer times to make sure it is the best option for your needs. Skrill is a popular choice for people looking to make convenient online payments and money transfers to Turkey and other countries, and it also offers the flexibility to use cryptocurrencies if desired.

Note: Compare fees, exchange rates and transfer times between different services to choose the best option for your needs. Make sure you have the correct recipient information to avoid delays, and follow applicable regulations and laws for money transfers to both countries.

4. Cryptocurrencies:

Cryptocurrencies are digital or virtual currencies based on blockchain technology that enable encrypted transactions. Here is some important information about cryptocurrencies:

1. Decentralization: Cryptocurrencies are decentralized, meaning they are not controlled by a central authority or government. Instead, transactions are monitored and validated by a network of computers called miners.

2. Blockchain Technology: Most cryptocurrencies use blockchain technology, a decentralized database, to record transactions. Each transaction is stored in a block, which is then appended to the previous blocks, creating an immutable chain of transactions.

3.Bitcoin: Bitcoin was the first cryptocurrency and is still the best known and most widely used. It was introduced in 2009 by a person or group named Satoshi Nakamoto.

4. Altcoins: In addition to Bitcoin, there are thousands of other cryptocurrencies called altcoins. Examples include Ethereum, Ripple (XRP), Litecoin and many more. Each has its own unique properties and use cases.

5. Digital Wallets: To store cryptocurrencies, you need a digital wallet or wallet. There are different types of wallets, including hardware wallets, software wallets and online wallets, each offering different levels of security.

6. Volatility: Cryptocurrencies are known for their price volatility. Prices can fluctuate widely, presenting both opportunities and risks for investors.

7. Applications: Cryptocurrencies are used for various use cases including peer-to-peer payments, cross-border money transfers, smart contracts, asset tokenization, and more.

8. Regulation: Cryptocurrency regulation varies significantly by country and region. Some countries have strict regulations while others have a friendlier attitude towards cryptocurrencies.

9. Investment: Many people view cryptocurrencies as a form of investment and purchase them in the hope that their value will increase. However, it is important to note that cryptocurrencies can also involve losses and investors should be aware of the risks.

10. Technology: The blockchain technology on which cryptocurrencies are based has the potential to transform various industries, including financial services, healthcare, supply chain management, and more.

Before purchasing or using cryptocurrencies, it is advisable to do your research and ensure you understand the risks and security considerations involved. It is also important to note the applicable laws and regulations in your country or region.

5. Take off on site:

Withdrawing cash “on-site” refers to withdrawing money in physical form from an ATM or bank branch in a specific geographical location. Here are some important information and steps to withdraw cash locally:

1. Find ATMs: The easiest way to withdraw cash locally is to find an ATM near you. Most cities and towns have ATMs operated by different banks.
2. Use your bank card: You usually need a bank card to withdraw money from an ATM. This can be a debit card, credit card, or a special prepaid card issued by your bank.
3. ATM locations: Most banks have an app or website where you can find ATM locations near you. You can also look locally for signs pointing to ATMs.
4. Have your PIN code ready: You must have your Personal Identification Number (PIN) ready to withdraw money from an ATM. This PIN code is usually linked to your bank card and should be kept confidential.
5. Card restrictions: Make sure your bank card is enabled for ATM cash withdrawals and has no restrictions or limits on daily withdrawals.
6. Note fees: Some banks charge fees for cash withdrawals from ATMs, especially if you use an ATM outside your bank's network. Look for fee information on the ATM screen.
7. Exchange rates: When withdrawing money abroad, pay attention to the exchange rates offered by the ATM. Exchange rates may vary from location to location.
8. Pay attention to safety: Make sure you use ATMs in safe locations and don't notice any suspicious activity around you. Protect your PIN from prying eyes.
9. Keep transaction receipt: After the withdrawal, you should keep the transaction receipt in case there are any discrepancies or problems with your account.

Withdrawing cash locally is a convenient way to have cash for everyday needs. Make sure you follow your bank's security policies and keep an eye on fees and exchange rates to get the best conditions for your cash withdrawals.

Please note:

• Check current exchange rates before making a money transfer to get the best deal.
• Pay attention to and compare the transfer fees charged by different services and banks.
• Save your transfer slips and receipts in case problems arise.
• Find out about the legal requirements and regulations for transferring money to both countries to avoid unexpected complications.
• Communicate clearly with the recipient and provide all necessary information to ensure the money arrives properly.

Remember that the best option for you depends on various factors such as transfer duration, fees and personal preferences. It is advisable to check all available options before choosing one.

The best cheap options for sending money to Turkey

If you're looking for cheap solutions to occasionally send money to Turkey, there are several cost-effective options you can consider. Here are some of them:

1. Online money transfer services: Online money transfer services such as Wise (formerly TransferWise), WorldRemit, Xoom, Skrill and Revolut often offer competitive exchange rates and low fees for international transfers. You can use these services to send money to Turkey safely and cheaply. Compare the fees and exchange rates of these services to find the best option for your needs.
2. Bank transfers: If you already have a bank account in Turkey, you can consider a regular bank transfer. However, the costs of bank transfers can vary depending on your bank and the transfer method you choose.
3. Mobile wallets: Mobile wallets such as PayPal, Payeer and Skrill are widely used in Turkey. You can send money to these accounts and the recipient can use it conveniently via their mobile device.
4. Friends and family: If you have relatives or friends in Turkey, you might also consider handing over money in person or sending them cash if it is possible and safe to do so.
5. Take off on site: Another option is to withdraw cash and hand it over in person when you are in Turkey or when someone from Turkey comes to visit.

Compare the fees, exchange rates and transfer times of the different options to find the most cost-effective solution for your specific situation. Remember that choosing the right transfer method depends on factors such as the amount to be transferred, urgency and individual needs.

Money transfers between Germany and Turkey: The best options at German-Turkish banks

If you want to send money between Germany and Turkey and prefer German-Turkish banks, there are several banks that offer such services. Here are some German and Turkish banks that facilitate money transfers between both countries:

1. Deutsche Bank: Deutsche Bank offers international transfer services that you can use to send money to Turkey. You can contact Deutsche Bank directly for information about transfer options.
2. Commerzbank: Commerzbank is another German bank that allows money transfers to Turkey. It offers various transfer options.
3. Türkiye İş Bankası (Isbank): Türkiye İş Bankası is a Turkish bank with branches in Germany. It offers services for money transfers between Germany and Turkey.
4. Yapı Credit Bank: Yapı Kredi Bank is another Turkish bank with a presence in Germany. It also offers services for international transfers between both countries.
5. Guarantee BBVA: Garanti BBVA is a Turkish bank with a branch in Frankfurt, Germany. It offers international money transfer services to customers in both countries.
6. Akbank: Akbank is a Turkish bank with branches in various German cities. It offers money transfer services for transfers between Germany and Turkey.

Before choosing a bank, compare fees, exchange rates and transfer times to find the best option for your needs. It is also important to understand the requirements and processes of your chosen bank to ensure smooth transactions.

Money to Türkiye: cash or bank transfer? Make a wise choice

The choice between taking cash and transfer services such as PayPal, RIA, Turkish Banks or Western Union depends on various factors, including your personal preferences and needs. Here are some considerations that may help you decide:

1. Safety: Carrying cash involves the risk of loss or theft. If you take cash with you, you should keep it safe and arrange safe storage on site. Wire transfer services typically offer a more secure method of transferring money.
2. Convenience: Cash can be convenient if you want to have money immediately upon arrival in Turkey. However, money transfer services can also be fast, especially if you use online transfers.
3. Fees: Money transfer services typically charge fees for their services. Compare fees and exchange rates between different service providers to find the most cost-effective option. Sometimes money transfer services can be cheaper than currency exchange fees for cash.
4. Exchange rates: Check the exchange rates offered by the transfer services to ensure you are receiving a fair exchange rate. This may vary from service to service.
5. Flexibility: Transfer services often offer different options, such as transferring to a bank account or paying out in cash. Choose the option that best suits your needs.
6. Cash requirements: Consider your actual cash needs in Turkey. If you only have small expenses, it may not be necessary to carry large amounts of cash.
7. Safety at the destination: Before you travel, research the security situation at your destination in Turkey. In some areas it is safer to carry cash, while in others electronic payments are preferred.

Overall, there is no clear right or wrong choice. It depends on your individual circumstances and preferences. It might make sense to use a combination of cash and transfer services to ensure flexibility and security. Before you decide, it is advisable to research the current fees, exchange rates and conditions of the service providers and consider which option best suits your trip.

From Bitcoin to Ethereum: Using cryptocurrencies for money transfers to Turkey

Sending money to Turkey using cryptocurrencies is a modern and innovative way to make money transfers. Here are some important steps and considerations if you want to send money to Turkey via cryptocurrency:

1. Choose the right cryptocurrency: First of all, you need to choose a suitable cryptocurrency. Bitcoin (BTC) and Ethereum (ETH) are the most commonly used cryptocurrencies for international transfers, but there are many others to choose from.
2. Correct wallet: You need a crypto wallet to store and send the selected cryptocurrency. Make sure your wallet is safe and reliable.
3. Turkish recipients: Make sure the recipient has access to a crypto wallet or exchange in Turkey to receive the cryptocurrency and convert it to Turkish Lira (TRY) if desired.
4. Note exchange rates: Cryptocurrencies have volatile exchange rates that can change quickly. Monitor exchange rates and choose the best time to transfer to get the amount you want.
5. Transaction fees: Be aware of the transaction fees associated with cryptocurrencies. These can vary depending on the cryptocurrency and transaction volume.
6. Safety: Pay attention to the security of your crypto wallet and your transaction. Use strong passwords and protect your wallet information.
7. Carry out transaction: Complete the crypto transaction according to your wallet or crypto exchange instructions. You will need the recipient's wallet address to complete the transaction.
8. Confirmation time: Note that crypto transactions can take different amounts of time depending on the network and transfer speed. Some cryptocurrencies offer faster confirmation times than others.
9. Inform recipient: Make sure the recipient is aware of the upcoming crypto transfer and has the necessary steps to receive and convert the cryptocurrency.
10. Monitoring and confirmation: Monitor the transaction until the recipient receives the cryptocurrency and confirm the successful transfer.

Cryptocurrencies can provide an efficient and cost-effective way to send money internationally. Nevertheless, it is important to familiarize yourself with the risks and the specific conditions of cryptocurrencies. Make sure that both you and the recipient have the necessary knowledge and resources to complete this type of transaction safely.

And finally ...

It's time to complete our journey through the world of money transfer to Turkey. We hope this article helped you understand the different options and best practices for sending money to Turkey.

Turkey is an incredible travel destination with a wealth of opportunities to experience adventure and discover cultural treasures. With the right tips and tricks, you can ensure that you enjoy your trip to the fullest without having to worry about any financial inconveniences.

Whether you choose wire transfers, crypto or other methods, Turkey is ready to welcome you with open arms. Use our advice to organize your finances so you can focus on what really matters: exploring fascinating Turkey and creating unforgettable memories. We wish you a fantastic trip!