If you need to transfer money to Turkey on a regular basis, or perhaps just as a one-off, it will save you money if you research the best way of doing so.
The most suitable way for you to transfer money to Turkey will depend on a number of factors, including if you need to send money to a bank account, perhaps with Adabank or the Turkish Bank, or if you need to send money to somebody that does not have an account.
If you need to transfer money to Turkish bank account then one of your options is to use your local high street bank to make the transfer.
You can generally set up the transaction with one phone call or visit to the branch and there is the added benefit of knowing that the banks are well-regulated.
However, there is a downside to this convenience. The banks tend to charge high per-transfer fees to people using their services. These fees are on top of a poor rate of currency exchange, which could put you off transferring money to Turkey this way.
As an alternative, particularly if you are looking to transfer money to Turkey to somebody who doesn't have a bank account, you might want to consider using a Money Sending Bureau.
These are small establishments visible on high streets and in shopping malls around the world.
They can help you move money quickly, but their foreign exchange rates and fees are often higher than those of the banks and the industry is generally quite poorly regulated.
If you want to avoid these high fees then why not open an online account with RationalFX? We can help you to transfer money to Turkey with some of the most competitive currency exchange rates on the Turkish lira available in addition to a low fee service.
There is no need to make your final decision today, but opening a free account will allow you to view and compare the currency exchange rates that we can offer you.