709 send money to turkey best ways to send money online

Best Ways to Send Money to Turkey Online

Sending money to Turkey from abroad has never been easier, thanks to the proliferation of online money transfer services. Whether you need to support family, pay for goods and services, or simply send a gift, there are now multiple convenient options available for international money transfers to Turkey.

When choosing the best way to send money online to Turkey, it’s important to consider factors such as transfer fees, exchange rates, speed, and security. In this article, we’ll explore some of the top providers and compare their offerings to help you make an informed decision.

Online Money Transfer Services for Sending to Turkey

Several reputable online money transfer operators now facilitate sending money to Turkey at competitive exchange rates. Companies like Western Union, Remitly, and Wise (formerly TransferWise) have made the process of sending money abroad more accessible and user-friendly than ever before.

These platforms typically allow you to send money online via their website or mobile app, with funds delivered as cash pickup, bank deposit, or even mobile money in some cases. The convenience and flexibility they offer have contributed to their growing popularity for international money transfers.

Bank Transfer vs Money Transfer Operators

While bank wire transfers have traditionally been used for sending money internationally, they often come with high fees, slow processing times, and less competitive exchange rates compared to online money transfer services.

Money transfer operators, on the other hand, specialize in cross-border payments and are able to offer more attractive rates and faster turnaround times. They have established global networks and partnerships that allow for efficient and secure delivery of funds.

Comparing Fees, Exchange Rates and Transfer Speeds

When sending money to Turkey, be sure to review and compare the following key factors between providers:

  • Transfer fees – Is there a flat fee or commission charged? Look for promotional offers like fee-free transfers for first-time users.
  • Exchange rates – How competitive is the offered exchange rate compared to the mid-market rate? Avoid large markups above the mid-market rate.
  • Transfer speed – How long will it take for funds to arrive? Consider options like instant cash pickup or rapid bank deposits.

Comparing these elements between a few leading providers will help you identify the best value for your specific transfer needs to Turkey.

How to Send Money to Turkey with Western Union

Western Union is one of the longest-established and most well-known global money transfer services, offering several ways to send money to Turkey online or in person.

With Western Union, you can choose to send money for cash pickup at over 13,000 agent locations across Turkey, or deposit directly to a bank account with major Turkish banks like Garanti Bank and Ziraat Bankası. Their services are known for reliability, wide reach, and the convenience of 24/7 online transfers.

Sending Money Online with Western Union

To send money online with Western Union, you’ll need to:

  1. Register for a free profile on their website or app
  2. Choose Turkey as your destination country
  3. Enter your transfer amount and choose bank deposit or cash pickup
  4. Fill in your receiver’s name and bank details (if necessary)
  5. Select your payment method (bank transfer, credit/debit card, etc.)
  6. Review the transfer fees and exchange rate before confirming

Your money transfer will then be processed, and you’ll receive a tracking number (MTCN) to share with your recipient for collection.

Western Union App for Money Transfers to Turkey

The Western Union mobile app offers a convenient way to send money anytime, anywhere, with just a few taps. You can view current exchange rates, check the status of your transfers, and save your recipient’s details for even faster repeat transfers in the future.

With the app’s 24/7 digital service, you can send up to $50,000 USD to a bank account in Turkey or up to $5,000 USD for cash pickup. It’s a secure and flexible solution for supporting loved ones or handling payments abroad.

Sending Cash for Pickup in Turkey via Western Union

To send cash for pickup at a Western Union agent location in Turkey, you’ll need to:

  • Find your nearest participating WU agent location
  • Fill out the “To Send Money” form with your recipient’s details
  • Choose the transfer amount in US Dollars or Turkish Lira
  • Pay the transfer amount plus any fees with cash or card
  • Keep the receipt with the MTCN tracking number for your records

Your recipient can then collect the money from their chosen WU location in Turkey, typically within minutes. They’ll need to provide their government-issued ID and the MTCN number to receive the funds.

Sending Money to Turkey with Remitly

Remitly is a rapidly-growing digital money transfer service that offers competitive rates and fast, secure transfers to Turkey from the USA, UK, Canada, and several other countries.

With Remitly, you can send Turkish Lira for cash pickup, mobile money, or bank deposit to major banks like Garanti and Ziraat Bankası. The company is known for their transparent pricing, reliable delivery, and superior customer service.

Remitly’s New Customer Offer for Transfers to Turkey

As a special offer, new customers can enjoy great exchange rates and no transfer fees on their first money transfer to Turkey with Remitly.

For example, as of writing, new users could send 1,000 USD to Turkey and have it converted to 32,460 TRY with zero fees. Offers like this make it an ideal time to try their service for supporting family or making payments.

Remitly’s Delivery Options in Turkey

Remitly offers a variety of delivery methods to suit your recipient’s needs in Turkey:

  • Cash pickup – available at over 15,000 locations in Turkey within minutes
  • Bank deposit – send to major banks like Garanti, Ziraat, and DenizBank
  • Mobile money – deposit to mobile wallets for quick access to funds
Bank Delivery Time
Garanti Bank Within 30 Minutes
Ziraat Bankası Within an Hour
DenizBank Within an Hour

These diverse delivery options ensure that your recipient can access their money quickly and conveniently across Turkey.

How to Send Money to Turkey via the Remitly Website and App

Sending money with Remitly is a straightforward process via their website or user-friendly app:

  1. Create a free Remitly profile and get verified
  2. Select Turkey as your destination country
  3. Choose your delivery method – bank deposit, cash pickup, or mobile
  4. Enter your transfer amount in US Dollars or Turkish Lira
  5. Provide your recipient’s details – bank info, address, phone, etc
  6. Fund your transfer via bank transfer, debit, or credit card
  7. Review and confirm your transfer details before sending

Once your money transfer is completed, your recipient will be notified and able to access their funds according to the delivery method selected. You can track your transfer’s status online anytime for extra peace of mind.

Using Wise (formerly TransferWise) to Send Money to Turkey

Wise, previously known as TransferWise, is a London-based financial technology company providing international money transfer services known for their transparency and low fees.

With Wise, you can send money from the USA to Turkey and have it deposited directly to your recipient’s bank account. Wise stands out for their commitment to offering the real mid-market exchange rate and clearly displaying any transfer fees upfront.

Wise’s Transparent Fees and Exchange Rates

One of Wise’s core principles is providing full cost transparency to their users. When sending money to Turkey, you’ll be able to clearly see:

  • The real, mid-market exchange rate being used for your conversion
  • The exact fees you’ll pay, without any hidden charges
  • The total amount your recipient should receive in their bank account in Turkey

Thanks to their straightforward pricing, you’ll know precisely how much you’re spending and how much will arrive on the other end.

Wise’s Transfer Speeds and Payment Options

When sending money to Turkey with Wise, you’ll have the choice of several payment methods:

  • Bank transfer – usually the cheapest but slowest (1-2 days)
  • Direct Debit – pull funds directly from your bank account
  • Credit/debit card – fast and convenient but may incur extra fees

Typically, your transfer will take 1-2 working days to arrive in your recipient’s bank account in Turkey, although this depends on your selected payment method and the banks involved.

With Wise’s handy price estimator, you can compare the speeds and total costs for each money transfer method to Turkey before committing.

Security Features of Wise Transactions

Wise employs multiple security measures to safeguard your money transfers, including:

  • 2-factor authentication – adds an extra layer of verification when logging in
  • Data protection – full compliance with data protection laws and usage of secure connections
  • Anti-fraud team – a dedicated team for identifying suspicious activities and preventing fraud

By prioritizing data security and fraud prevention, Wise strives to provide a safe, reliable way to send money online to Turkey and beyond.

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By James Altucher

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