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Old 8th August 2017, 09:42   #1 (permalink)
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Cost-effective ways to transfer money to Turkey

Hi,

just incase your not aware, there are a lot of currency payment specialists out there that let you transfer money to Turkish banks without any charges.

Also, if you are going to be making monthly payments, then you can agree to fix currency at todays rate, then continue to use that rate to make payments for the next 12 months. This is excellent, as you know any big fluctuations in the exchange rate could mean you end up spending thousands extra on your property. so with rate fixes you can avoid this.

smart currency: Foreign Money & Currency Exchange Services, Euro Exchange, UK Currency Converter :: SmartCurrencyExchange.com

I am using hifx at the moment - https://www.hifx.co.uk/
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Old 8th August 2017, 09:57   #2 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

Always HIFX.

Steve
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Old 8th August 2017, 10:10   #3 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

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Originally Posted by Akasya View Post
Always HIFX.

Steve
first I used Smart to pay a deposit. they don't charge if you send minimum£3000. otherwise its about £12 charge for each transfer. so I switched to hifx.
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Old 8th August 2017, 10:28   #4 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

I have just looked at hifx ,They will not let you use Turkey as home address . Or is it something i'm not doing right.
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Old 8th August 2017, 10:40   #5 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

It might cost me more but I will only move my money by old fashioned traceable methods eg banks.
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Old 8th August 2017, 12:30   #6 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

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I have just looked at hifx ,They will not let you use Turkey as home address . Or is it something i'm not doing right.
hmm, its better if you contact them. should be something they can sort out.
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Old 8th August 2017, 12:31   #7 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

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It might cost me more but I will only move my money by old fashioned traceable methods eg banks.
its still traceable. e.g. hifx debits money from my UK bank account then sends to account in Turkey. and its same processes like adding a reference for each transaction.
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Old 8th August 2017, 21:39   #8 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

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It might cost me more but I will only move my money by old fashioned traceable methods eg banks.
Same here IA. I am always sceptical about handing my money over to anybody but a bank. It says something about my level of trust I suppose when I am inclined to trust a bank over another institution.
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Old 9th August 2017, 09:41   #9 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

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Same here IA. I am always sceptical about handing my money over to anybody but a bank. It says something about my level of trust I suppose when I am inclined to trust a bank over another institution.
companies like hifx/Smart are fully regulated by UK's FCA, so am not worried. Banks are not perfect. when my brother used to work for one, he told me so many times that staff were given the task of loading up the cash machines, then they bagged the cash and did a runner hahaha.
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Old 9th August 2017, 10:11   #10 (permalink)
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Re: Cost-effective ways to transfer money to Turkey

HIFX detail every stage of the transaction by PDF , so the trail is fully transparent , unlike the Nationwide who lost the money for days and charged me 80 quid for my trouble. Never again , HIFX everytime.

Quick , verified , inexpensive.

Steve
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