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Old 11th November 2013, 08:22   #1 (permalink)
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Best way to transfer money to Turkey

That's it in a nutshell
What is the best way to get a large amount of money over to Turkey and be able to put it in a bank when there is no bank account yet opened (I'm thinking banker's draft type thing)
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Old 11th November 2013, 08:36   #2 (permalink)
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Re: Best way to transfer money to Turkey

Why not open the account when you are there and transfer it from your Uk bank online, if opening an account there is your intention

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Old 11th November 2013, 08:51   #3 (permalink)
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Re: Best way to transfer money to Turkey

That was plan B Martin
We would be cancelling all our bank accounts except Nationwide , so will bob in there today and ask how I would access the account from abroad (what I mean is so that there are no problems with a biggish amount )
But I just wondered about various ways other people had done it
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Old 11th November 2013, 09:12   #4 (permalink)
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Re: Best way to transfer money to Turkey

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banker's draft type thing
These tend to be negotiable instruments and capable of being presented by anyone .

There should be no problem accessing on line and transferring particularly as you are going into a branch and giving them advance notice of your intentions . I would suggest putting this instruction re future intent in writing and handing over at your meeting.
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Old 11th November 2013, 09:24   #5 (permalink)
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Re: Best way to transfer money to Turkey

Good Idea Chinook. Will do that
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Old 11th November 2013, 09:40   #6 (permalink)
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Re: Best way to transfer money to Turkey

I think it may not be possible to transfer money online to a foreign bank ie Uk to Turkey but you should be able to make arrangements for someone to do it on your behalf. Otherwise of course you could put it in my account and I could transfer it to you later.......probably much later!
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Old 11th November 2013, 10:26   #7 (permalink)
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Re: Best way to transfer money to Turkey

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I think it may not be possible to transfer money online to a foreign bank ie Uk to Turkey but you should be able to make arrangements for someone to do it on your behalf. Otherwise of course you could put it in my account and I could transfer it to you later.......probably much later!

That is correct................the same applies via phone. Your UK bank will not transfer large amounts to Turkey via a phone call.
How we done it was to take our daughter into our UK bank & in writing gave her permission to do the transfer as & when needed.
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Old 11th November 2013, 10:32   #8 (permalink)
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Re: Best way to transfer money to Turkey

Iternational transfer payment, just like when your buying a property from a developer
I think as long as you have the Iban number and account number, it shouldn't be a problem
My bank santander charges 25 per transfer though
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Old 11th November 2013, 11:02   #9 (permalink)
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Re: Best way to transfer money to Turkey

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That is correct................the same applies via phone. Your UK bank will not transfer large amounts to Turkey via a phone call.
How we done it was to take our daughter into our UK bank & in writing gave her permission to do the transfer as & when needed.
I've done it, there were obviously a number of security checks that I had to go through and they did tend to be a little more than the mothers maiden name type questions and I did send a confirmatory E mail. We have even changed the address of the account from UK to Turkey over the telephone and a week later changed it back- it was an expediency to enable replacement cards on the UK account to be sent to us in Turkey.
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Old 11th November 2013, 11:19   #10 (permalink)
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Re: Best way to transfer money to Turkey

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I've done it, there were obviously a number of security checks that I had to go through and they did tend to be a little more than the mothers maiden name type questions and I did send a confirmatory E mail. We have even changed the address of the account from UK to Turkey over the telephone and a week later changed it back- it was an expediency to enable replacement cards on the UK account to be sent to us in Turkey.
Could be different banks have different protocols. The problem I saw in Turkey was people having to fly back to the UK unnecessarily just to do a bank transfer. Lets be honest, no bank likes large amounts removed from their coffers into another bank...............I would certainly check on what an individuals bank requires. The other thing is to have a direct line to your bank as opposed to a call centre in India..............they tend to say "computer says NO".
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