Sending Money to Turkey or N. Cyprus

Making payments to Turkey (and northern Cyprus) with Currency Index is simple, fast and secure. Call us on 0800 043 2623 (+44 1923 725725 from abroad) to find out how to use our friendly service, or register with us now without any cost or obligation for access to our bank-beating exchange rates today.

Currencies usually accepted: Turkish Lire, Euro or Sterling. Currency Index deals in all these currencies, but we recommend obtaining a price in Turkish Lire for any payments to Turkey.

Usually, paying Turkish companies in sterling will work out more expensive than using Currency Index's Turkish Lire transfers, so don't assume sending sterling is convenient and therefore cheap! Please ask us for further information.

Typical time for transfer to arrive: 1 to 3 working days when sent through Currency Index

Turkish bank charges: Usually none, although we cannot guarantee this

Payment details needed:

Name and Address of Beneficiary
Name and Address of Turkish Bank
Account Number
BIC (Bank Identifier Code) or SWIFT code (optional) or other routing instructions

The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending payments across Europe. Turkish IBANs have 26 characters, starting with 'TR' followed by 24 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code.

There are further techical details below, although the Currency Index payments team will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.

Turkish IBAN Format: TRkk BBBB BRCC CCCC CCCC CCCC CC

B = Bank Code
R = Reserved for future use (currently set to zero)
C = Account No.
k = Check Digits

Turkish BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD

B = Bank Code (Only Letters)
C = Country Code 'TR' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)