transferring money to and from Turkey has become a matter that occupies search engines, as foreigners wishing to invest their money in the real estate sector in order to achieve profits and guaranteed returns may face a problem in transferring the value of the property to be purchased from their city mother to Turkey
Turkey has become the first destination for Arabs and foreigners wishing to invest their money by buying real estate in Turkey with guaranteed profits and returns, and many families have settled in Turkey with the aim of giving their children good education opportunities due to the strength and development of education in Turkey.
What is meant by transferring money to and from Turkey?
Transferring money to Turkey means transferring sums of money from a foreign country to Turkey using a specific method that facilitates the transfer process.
The money is transferred to Turkey for various purposes, most of which are investment, and in this regard the real estate sector comes to the fore, especially with the large increase in the number of foreign owners in Turkey, which makes them need to transfer their money to Turkey for the purpose of purchasing
What are the ways to transfer money to and from Turkey?
1. Transferring money to and from Turkey through banks:
The money transfer process takes place between Turkish and Arab banks in exchange for a certain value determined by each bank according to the amount to be transferred, provided that the transfer currency is the US dollar, and to complete the process you need the IBAN number (account number) in addition to the swift code or identification code of the bank that will be transferred mechanism
The swift code consists of 8 to 11 digits, while the 8 digits only refer to the main branch of the bank.
.2Transferring money to and from Turkey via Western Union:
Western Union has become one of the largest money transfer companies in the world, with its branches scattered in different parts of the world, quickly transferring money and ensuring that transfers are carried out with the highest safety standards.
Western Union can be used as a permanent means of transferring money to and from Turkey, as it is safe and proven, and many foreigners in Turkey rely on it as a basic means in financial transactions.
.3Transferring money to and from Turkey via the ptt:
PTT company is famous in Turkey for being the fastest in transferring orders and delivering shipments on time. It also provides external transportation to many countries of the world. This company has proven its worth due to the excellence of its services inside and outside Turkey. The company offers several services, most notably:
Transferring money to and from Turkey and currency exchange
- Internal and external shipping (postal parcels - commercial parcels - documents and papers ... etc.)
- Pay bills (electricity - water - gas - internet)
.4Transferring money to and from Turkey through exchange offices:
Exchange offices and companies provide quick solutions to receive and transfer money to and from Turkey immediately, as the process takes place on the same day and delivery takes place at the same moment, through the presence of both the sender and the recipient in the exchange company’s branch in his city, and the sender pays the amount to be transferred for the recipient to receive the amount at the same time, confirming receipt of it through a phone call between them.
Exchange offices and companies are characterized by their flexibility in working hours compared to banks, and these companies charge reasonable amounts for their services, and they are widely spread in various parts of the world, especially in tourist and commercial areas and attractions, and they are of great importance in the field of investment in Istanbul and Turkey as it is a useful solution limited to Speed in completing operations.
5. Online transfer:
It is the language of the current era that all the people of the world know is the Internet.
And this method of transferring money from one place to another and from one country to another is one of the modern means that we could not do without, as it shortened us a lot of time and a lot of effort and got us to what we want, and there are many people around the world who have replaced everything that preceded it.
Why should a foreigner transfer money to Turkey?
· Transferring money to Turkey is an essential and necessary step in order to complete the ownership process.
· Transferring funds to Turkey allows feeding the bank account of the next customer to buy a property.
· It is allowed to transfer the amount to the construction company or the seller.
Istiklal Homes tips for those who are about to transfer money to Turkey:
Given the importance of the money transfer step during the process of buying real estate in Turkey or apartments for sale in Istanbul and other cities, Istiklal Homes offers a set of tips to our valued customers as follows:
• Choose the appropriate means of transfer according to the country in which the foreigner resides, so that the customer does not fall into any kind of problem.
• Ensure the reliability of the party through which the funds are transferred.
• Opening a bank account in Turkey, necessary in order to transfer money to it and conduct the rest of the financial transactions with the seller with ease.
• Do not transfer money to Turkey except after completing the initial purchase transactions, on top of which is the signing of the purchase contract with the construction company.