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Warning - Turkish banks
(22 Messages in 3 pages - View all)
[1] 2 3
1.       azade
1606 posts
 17 Jan 2007 Wed 05:54 pm

I'd like to warn everyone about transferring money to a turkish account through turkish banks.

At the end of December I transferred a large (for me) amount og money to my hubbys turkish account. As he's in the army he can't get out to the real world very often and he really needed the money. My danish bank told me it would take two working days for the money to get there.
So we waited - and waited and then waited some more. I contacted my bank who told me that the money had been sent to the turkish bank. My hubby was finally allowed to come outside on a working day so he could go talk to the bank. They told him the money was not there.
Then my bank sent an enquiry to the turkish bank to find out what had happened to them and after I had paid a too large sum of money they told me that the money WAS transferred. So now I have a document saying the money is transferred but an empty bank account.

The turkish bank must admit it's their fault and give me bank my money + pay for the cost of the enquiry, but I worry that they won't.
I have heard about this before - a danish man transferred money to buy an apartment in Turkey but they were also lost in the Turkish system for months.

Please be careful if you transfer money and make your bank aware of the risks - so far my own bank has done very little to help me.

The Turkish Bank in question is Iş Bankası, so beware. I'll be sure that we close our accounts in it as soon as possible.

In addition, can anyone recommed a good Turkish bank?

2.       Elisabeth
5732 posts
 17 Jan 2007 Wed 06:21 pm

3.       Pizza
0 posts
 17 Jan 2007 Wed 06:31 pm

Oh yes, i have tried and tested Western Union and in just a matter of minutes, money you sent will be received at once.

4.       Elisabeth
5732 posts
 17 Jan 2007 Wed 06:37 pm

5.       robyn :D
2640 posts
 17 Jan 2007 Wed 06:48 pm

in england we have turkish bank (uk)limited..do u not have an equivalent in denmark..because this bank is quite good..

6.       KeithL
1455 posts
 17 Jan 2007 Wed 07:00 pm

I transfer money from US Banks to Turkish banks all the time. I've never have had a problem and never have known anyone to have a problem. The problem with Western Union is they charge a percentage of the amount sent. Bank to bank is cheaper. It takes one to two business days.
I use Yapi Kredi which was just bought by Koç Bank. Garanti is also a good bank.

7.       azade
1606 posts
 17 Jan 2007 Wed 07:10 pm

I have also used Western Union once ot twice before, but I used the bank this time, because when he's in the army it would be easier for him, and as KeithL said, it's cheaper to use a normal bank. But in the future I'll use Western Union because apparently it's safer.

Maybe american banks has better connections with turkish banks or something, although it shouldn't be a problem to send money at all. I'm really disappointed with how unprofesionally they have handled my situation - it's their responsibility that my money gets to it's destination safely. I hope they will give it back to me!

Sorry I'm not exactly sure what ATM is

8.       qdemir
812 posts
 17 Jan 2007 Wed 07:10 pm

Quoting azade:

I'd like to warn everyone about transferring money to a turkish account through turkish banks.

At the end of December I transferred a large (for me) amount og money to my hubbys turkish account. As he's in the army he can't get out to the real world very often and he really needed the money. My danish bank told me it would take two working days for the money to get there.
So we waited - and waited and then waited some more. I contacted my bank who told me that the money had been sent to the turkish bank. My hubby was finally allowed to come outside on a working day so he could go talk to the bank. They told him the money was not there.
Then my bank sent an enquiry to the turkish bank to find out what had happened to them and after I had paid a too large sum of money they told me that the money WAS transferred. So now I have a document saying the money is transferred but an empty bank account.

The turkish bank must admit it's their fault and give me bank my money + pay for the cost of the enquiry, but I worry that they won't.
I have heard about this before - a danish man transferred money to buy an apartment in Turkey but they were also lost in the Turkish system for months.

Please be careful if you transfer money and make your bank aware of the risks - so far my own bank has done very little to help me.

The Turkish Bank in question is Iş Bankası, so beware. I'll be sure that we close our accounts in it as soon as possible.

In addition, can anyone recommed a good Turkish bank?




Two similar incidents. There could be something wrong with the Danish banking system. lol

9.       azade
1606 posts
 17 Jan 2007 Wed 07:13 pm

Well it's not a problem with the danish system, because the money was sent to Turkey in one day, I have a reciept stating that. Also on the enquiry the turkish bank admits they have received it.

10.       kai
0 posts
 17 Jan 2007 Wed 07:25 pm

Quoting azade:

Sorry I'm not exactly sure what ATM is



An ATM (automated teller machine - i think that what it stands for ) is basically a computerized telecommunication device that provides a banks customers a secure method of performing financial transactions in a public space without the need for a human clerk or bank teller.

U can use ATM machines for cash withdrawals (or credit card cash advances), check your account balance & many ATM's also allow u to deposit cash or checks, transfer money between their bank accounts, pay bills, or purchase goods etc

That is why some adverts say "go plastic" because it is "safer" & it is "reliable".

Hope u know what an ATM machine is now

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