Kibkom North Cyprus Forum

I am being told that Garanti bank are now charging 2.5% to withdraw terming.
Has anyone experienced the same please?

Steve C wrote:I am being told that Garanti bank are now charging 2.5% to withdraw terming.
Has anyone experienced the same please?

If you type Garanti into the search box at the top of the screen and read the first 25 or so posts, you'll have your answer...

As there a two threads with the same title I will copy my last on to this one as well.

Just checked, my last withdrawal was the 13th Oct. How do they charge the 2.5% then? 2.5% of £500 is £12.50. Will they only pay out £487.50 and if so which slot do the coins come out of? OR Are they imposing that 2.5% on the UK bank itself?

I got £200 out was charged £2.50

[quote="waddo"]As there a two threads with the same title I will copy my last on to this one as well.

Just checked, my last withdrawal was the 13th Oct. How do they charge the 2.5% then? 2.5% of £500 is £12.50. Will they only pay out £487.50 and if so which slot do the coins come out of? OR Are they imposing that 2.5% on the UK bank itself?[/quote)


It will appear on your UK bank statement as a £512:50 debit.

Checked my bank statement and there is nothing there, only the £500 withdrawal - perhaps I made it before they imposed it?

But! If the charge is 2.5% then why was terry only charged £2.50 for a £200 withdrawal when it should have been £5.00 - maybe it is a set £2.50 fee for any foreign currency withdrawal.

Has anyone tried withdrawing Euros for instance?

[quote="waddo"]Checked my bank statement and there is nothing there, only the £500 withdrawal - perhaps I made it before they imposed it?

I think that the 2.5% charge is a fairly recent "Innovation".