Due to travel ban, Book an appointment to buy a property online

Right Home

Blog
Transfer money to and from Turkey

Transfer money to and from Turkey

Font Size :

Turkey has become the first destination for Arabs and foreigners who want to invest their money by buying real estate in Turkey with guaranteed profits and returns , and many families have settled in Turkey in order to give their children good education opportunities due to the strength and development of education in Turkey .

Many Arabs residing in Turkey need to transfer money to and from Turkey , and this is done through the system of money transfers , the most important of which is family transfers , which are a safe and legal way to transfer money between members of the same family and transfer them to their relatives through many ways to transfer funds to and from Turkey , and these financial transfers may be internal within Turkish cities or external transfers between Turkey and other countries , and we have liked in this article to show you ways of transferring money to and from Turkey to assist you and facilitate your affairs .

 

 What are the ways to transfer money to and from Turkey ? 

  1. Transferring money through banks :

Money is transferred via Turkish and Arab banks against a certain percentage determined by each bank , provided that the transfer currency is the US dollar , and you need to transfer funds know the account number and the SWIFT code , in addition to the account data that the money will reach . Note that some Arab banks do not transfer is accepted only on certain conditions predetermined by each bank .

 

  1. PTT company , the government courier company in Turkey :

The PTT company is the fastest in transporting many orders all over Turkey , as it has external transportation to all countries of the world , and the company has maintained its lead due to the excellence of its services and the accuracy of its delivery times inside and outside Turkey . The company performs several services , including :

  • Internal and external shipping to and from Turkey through which the following can be shipped : ( postal parcels , commercial parcels , postal messages and all papers ) .
  • There is a center for money transfer and currency exchange .
  • There is a center for paying bills for electricity , water , gas , internet and others .

 

  1. Western Union Company :

It is the largest money transfer company across the world , and its branches are known in all countries of the world . You can view the Western Union branches in Turkey through the following link :

https://www.google.com.tr/maps/search/western+union/@41.0194116,28.8113743,11z

This is the official website of Western Union :

https://www.westernunion.com/tr/en/home.html

The company transfers money to and from Turkey for certain fees , and the fees can be calculated through the following link :

https://www.westernunion.com/us/en/price-estimator/continue.html

 

  1. Money transfer offices or companies :

Many merchants associated with their business in the Arab countries and Turkey have established companies to transfer money where delivery is made from Turkey to the Arab countries or vice versa , and the process of delivery and receipt often takes place not only on the same day but at the same moment ( immediate delivery ) to give safety and credibility to the customer , and the company receives a money in return for transferring money at a rate of approximately 3% of the amount transferred , and care must be taken when dealing with offices and money transfer companies that are not known so as not to be subject to fraud .

 

 Ways to transfer money from Iraq to buy a property in Turkey 

The matter is done through certified remittance companies approved by both countries , in both Iraq and Turkey .

The amount required to convert , regardless of the financial value of the amount by well-known companies such as :

( Al-Nabal Company , Al-Taif Company , and Taha Company ) in Baghdad Governorate , and they have branches in Mosul and Basra governorates .

And payment is received in Turkey in three ways :

First , through the bank account of a person if it has an account in a bank of Turkey .

Second : through a company account dealing with the above companies .

Third : Delivery by hand from one of the offices of the companies above .

 

* Notice :

The amount is received in dollars or Turkish lira ( according to the exchange rate on the day that the transfer was made ) , and receipt takes place within half an hour or an hour of the transfer date.

As for transfer fees , they vary from one transfer company to another , and in general the approximate price is 0.8% , that is , for every $10.000 , $80 is a transfer fee .

 

 Special real estate offers in Istanbul 

  • RH 204 - luxrious apartment with direct view on Marmara Sea in Bakirkoy

The project was built with the supervision of Turkish state construction companies , with government guarantee .

It is a residential , investment and commercial project built on a land area of ​​74.000 square meters , 80% of this area has been allocated to green areas , parks and public facilities within the project .

The project consists of 5 blocks with 512 residential units ranging from 1+1 , 2+1 , 3+1 , 5+1 , 4+2 and 6+2 duplexes , ranging in size from 66 to 430 square meters .

90% of the housing units and offices in the project are overlooking the Sea of ​​Marmara .

The project is supported by a system of earthquake and seismic protection , where the foundations were excavated to a depth of 20 meters and the use of reinforced concrete and moisture-resistant sea .

At the bottom of the project are warehouses where a storage unit is allocated for each housing unit .

In this project , you do not have to worry about the transportaion , as different transportation options are available .

In this project , you will be in the heart of Istanbul and away from the chaos .

What is more beautiful than dreaming , is to live your dream reality , Atakoy area today contains housing projects that was originally a dream .

Atakoy area has a central location , high investment value and luxury life style .

The project is located in one of the most central districts of Istanbul , in Atakoy district of Bakirkoy area .

 The project is located near the main road and highways in Istanbul (E5) .

The distinctive location of the project , overlooking the Sea of Marmara , which offers homes with charming sea views .

All the project details in this link : RH 204

 

  • RH 201 - luxrious homes near to Taksim square

It is a residential and investment project, which was supervised by one of the most famous construction companies in Turkey.

The project is built on an area of 20.000 square meters.

The project has a variety of options for apartments ranging from 0 + 1, 1 + 1, 2 + 1, with areas ranging from 78 square meters to 630 square meters.

The project comprises 61 offices and 13 commercial units in addition to 96 residential units.

The project has a huge car park for 177 cars.

The project is located on the European side of Istanbul, in the heart of the city, in Beyoglu district near the famous Taksim area.

The project is near to Istiklal Avenue, one of the liveliest streets of Istanbul, which contains many shops, archaeological buildings, libraries, banks, Cinema, cafes and various local and international restaurants. It is also near to Karakoy, Galata Bridge and the famous Taksim Square.

The distinctive location of the project near to the main street and the public transportation.

The doors of the project lead to shopping malls, public transportation, main roads, and to centres of art, sports and culture.

All the project details in this link : RH 201

 

  • RH 163 - One of the best projects in Maslak , ready for housing with a view of Belgrade Forest 

Apartments for sale in Istanbul in a huge project like a full-service city , which includes a shopping center , 5-star hotel and integrated social facilities .

The project provides an ideal choice for housing and investment . The project was built in three phases : the units of the first residential phase have been completed and fully sold , the second phase includes shops and a shopping center , while the third and final phase is a mixture of residential and commercial apartments .

The project is located on the European side of Istanbul , specifically in Maslak , one of the largest real estate development areas in the city .

Maslak is one of the main central districts of Istanbul and it is one of the fast-growing areas of the city .

Maslak area is close to transportation links that will take you to all parts of the city in a few moments , and you can easily access the main areas and sights of the city .

Maslak is the ideal area for investment in Istanbul , where it promises high profits and high returns on investment in a few years .

The project is located only minutes away from Taksim and Levent , not more than 5 minutes from Bosphorus , and 25 minutes from  Istanbul's third airport , which gives it strategic and investment importance .

The project is located near the metro station and public transport .

The project is located in the Cendery Valley , among the regions of Istanbul that have gained the highest value .

The project is located next to Maslak and Levent , which provides a pleasant life with transportation opportunities .

The project attracts attention through its location close to shopping centers , arts , health facilities , transportation and education centers .

All the project details in this link : RH 163

 

 Facilities for Syrians 

The Syrians have recently noticed new facilities related to remittance procedures in Turkey , after some banks now allow them to open bank accounts on Kimlik and the receipt of remittances via " Western Union " has also become on Kimilk , in addition to the increase in the number of remittance centers across Turkey .

Previous services have led to an increase in transfers between Syrians , while the service has turned into a major source of income for money transfer shop owners .

The Syrian had previously needed a Syrian passport and it must not have expired , in addition to the regular entry stamp to Turkey to receive a money order .

Now it has become easier than before , through Kimlik , these remittances can be received from any cashier or money exchanger who has Western Union service , this matter removed many obstacles for the Syrians in transferring the money .

Despite the high wages charged by Western Union , which sometimes reach 15% of the value of the transfer , but it is the best solution for Syrians residing in Turkey , especially with the advantages it provides to customers such as the speed of transfer and the simplicity of procedures .

On the other hand , Turkish banks provided several facilities for the Syrians while other banks increased the conditions for owning a bank account , and it was one of the first Turkish banks to allow Syrians to open bank accounts on the basis of the Kimilk "Ziraat Bank" .

We can now open a current account with the Turkish Ziraat Bank , the transaction is easy , you are only required to have a residence address , Kimlik and tax number and then fill out the form with the help of one of the bank’s employees , and after that you can request the bank card .

The bank facilities extended to grant Syrian students who complete their studies in Turkish universities current bank accounts through which they can send and receive money wherever they are in Turkey .

 

 Transfer money between Turkey and Germany 

In the context of enhancing the scope of its banking services in the continent of Europe and meeting the needs of its customers in various sectors , Kuwait Finance House - Germany KT Bank AG launched a new service in Europe in cooperation with KFH - Turkey . Through the new service , any customer or individual can benefit from the service of " KFH - Germany " bank , the first Islamic bank in Europe , whether resident in Germany or any European country , by transferring money amounts up to 5 thousand euros to Turkey without fees . Mohammed Ural , Executive Vice President , Retail Banking , said : “ KFH - Germany ”, affiliated with “ KFH - Turkey ” , opened its first branch in Germany in 2015 , and currently provides its services to clients residing in Europe , Berlin and Frankfurt , Mannheim and Cologne , while another branch is to open in Munich soon this year . In cooperation with KFH - Germany , KFH - Turkey now provides a new service for all individuals , whether they are clients of the bank or not . Turkish citizens who live in any European country , whether they are clients of " KFH - Germany " or not, can visit any branch now belonging to KT Bank AG and transfer money amounts up to 5 thousand euros without fees to " KFH - Turkey " . Ural added : This new service continues until the end of this year . We are confident that the new service will find resonance with those living outside Turkey , especially since they do not have to pay fees in exchange for transferring their money , as well as the speed , flexibility and ease of transfer .

 

 Payment methods when buying a property in Turkey 

When a foreigner intends to purchase a property or any other type of property in Turkey , he faces the problem of transferring money , and there are several ways to transfer money to buy a property in Turkey :

The first method : Transferring the money to the seller's account by bank transfer : Once the sale and purchase contract is signed , the buyer can transfer the money to his personal account , whether in the country in which he is a citizen , or to the account of the owner , the builder or real estate agent whose data is contained in a contract Buying and selling .

The second method : Opening a personal account in Turkey and transferring money to it : And opening an account in Turkish banks needs a national number , and a copy of the passport translated and certified by the writer of justice , or a residence document in Turkey , and our company proposes to help it to open an account in Turkish banks to our customers and help them transfer the money necessary to buy the property that was acquired .

The third method : a bank transfer by a legal person ( company ) : the foreigner who buys a property in Turkey can pay the value of the property by transferring money from his company to the seller’s company or to the account the person who directly owns the property or the account of the construction company or real estate agent , whether this account was a company or personal account .

The fourth method : the value of the property can be paid in cash : the easiest way to pay is to pay the value of the property in cash , but it must be taken into account that there are restrictions on taking out cash amounts from some countries and on the sizes of these amounts , and these amounts may range between 10 thousand dollars And 10 thousand euros .

Fifth method : Paying the value of the property via the magnetic card : The value of the property can be paid with the magnetic card through the ATM , but keep in mind that there are restrictions in Turkey on withdrawing from the ATM , where 3900 TL can be withdrawn in the twenty-four hours , and It is approximately equivalent to 1700 USD .

Sixth method : Payment by passing checks : The value of the property acquired in Turkey can be paid by passing checks, which are considered the safest way to transfer money , since it bears the name of the person who transferred the money to it , and it can be recovered if it is lost , but there is a note , that there are ratios Carve out this kind of transfer .

The seventh method : transferring money via well-known international transfer systems such as " Contact " , " Western Union " and others : where it is possible through international payment systems to transfer money immediately to any country in the world , without opening an account , and in this case deduction the bank's fee ranges from 1 to 10 percent , depending on the amount transferred .

As you note , there are many and varied ways of transferring money to Turkey , and you choose the easiest and most appropriate way , which ensures the speedy completion of the process safely and as quickly as possible .

 

Useful articles :

How to Open a Bank Account in Turkey (Full Guide)

Eresin Project