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Warning - Turkish banks
(22 Messages in 3 pages - View all)
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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

11.       azade
1606 posts
 17 Jan 2007 Wed 07:32 pm

Quoting kai:

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



Ahh, of course. Thank for the explanation kai I understand it now
We both have VISA cards but on seperate accounts because it's also somewhat expensive when you withdraw money from eg. a danish account i Turkey. I have both a danish and a turkish account with ATM cards so that when I travel to Turkey I withdraw my money in Denmark and put them on my turkish account once I get there.
It's supposed to be very easy to transfer to a foreign account, but it turns out the turkish system is...well unprofessional.

12.       kai
0 posts
 17 Jan 2007 Wed 07:46 pm

Quoting azade:

Ahh, of course. Thank for the explanation kai I understand it now



No problem, glad I could help

13.       christine_usa
284 posts
 18 Jan 2007 Thu 11:11 pm

Another very reliable way to send funds anywhere in the world (and cheaper than western union) is "moneygram". I think the internet address is "www.moneygram.com"

they charge roughly 10% of the value of cash being sent- and it is available in 10 minutes.

All the receiver has to do is pick it up at a number of locations. (all available on their website)

14.       azade
1606 posts
 18 Jan 2007 Thu 11:28 pm

Quoting christine_usa:

Another very reliable way to send funds anywhere in the world (and cheaper than western union) is "moneygram". I think the internet address is "www.moneygram.com"

they charge roughly 10% of the value of cash being sent- and it is available in 10 minutes.

All the receiver has to do is pick it up at a number of locations. (all available on their website)



Thanks for the tip - I'll check it out. The downside to Western Union is that it's so expensive when you send large sums so this can only be better

15.       KeithL
1455 posts
 19 Jan 2007 Fri 07:38 am

10% is outrageous too....

16.       azade
1606 posts
 19 Jan 2007 Fri 08:23 am

Quoting KeithL:

10% is outrageous too....



Yes it is. I have cursed about it many times but after this experience I trust the more expensive way more. I pay my bank 27 ytl/15 euro/20 dollars for every foreign transaction but this time 42 ytl/23 euro/29 dollars so it would have been both cheaper and easier to go with eg. Western Union i the first place.

17.       susie k
1330 posts
 19 Jan 2007 Fri 11:26 am

18.       Trudy
7887 posts
 19 Jan 2007 Fri 11:33 am

Here in Rotterdam there are many Turkish banks, can't you look up in your local yellow pages which Turkish bank has a branch in Danmark as well? I think that will be easier and cheaper in the end.

19.       azade
1606 posts
 19 Jan 2007 Fri 06:16 pm

The problem is that I live in the opposite side of Copenhagen, where I'd most likely be able to find a turkish branch. Thank for the tip - I didn't know it would be free to transfer money that way so I'll definitely see if there are any turkish branches here

Luckily they gave my hubby the money, but we will never use Iş Bankası again.

20.       Trudy
7887 posts
 19 Jan 2007 Fri 06:26 pm

Quoting azade:

The problem is that I live in the opposite side of Copenhagen, where I'd most likely be able to find a turkish branch. Thank for the tip - I didn't know it would be free to transfer money that way so I'll definitely see if there are any turkish branches here

Luckily they gave my hubby the money, but we will never use Iş Bankası again.


If you have a Turkish bank account in Danmark, you do not need to transfer, all you need is a bank card to withdraw money while in Turkey. In Danmark you can put money on your account at the office or, I guess like here, transfer it within your country - like a normal payment - and that should be free.

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