Kibkom North Cyprus Forum

Am trying to find out what Ziraat bank charges for receiving Sterling from UK, to a Sterling account with Ziraat bank here. I cannot find details on the website.
It's to transfer approx £4000 to someone doing work for me, I don't have an account with them. The recipient doesn't have a clue and asked me to check.

I do have other options, just trying to do it with the least charges and would like to compare.

Hi Alphamike - last time i asked Ziraat for fees to do a swift transfer back to UK they said between £150 - £250 per £25k ........... which is ridiculous

However if you are receiving money to a Ziraat, then i have received swift payments from UK with no charge ( deductions ) made by them .

But please double check with Ziraat just to confirm.

That's great Saddique, thank you very much.

Why dont you use revolt or wise and transfer directly in TRY?

Their rates & transfer fees are much better

Thanks Stereotomy, they were amongst my other options, but Sterling is what is needed in this case.

Have you tried Turkbank. £30 to xfer £3k in sterling. Just a small amount for the extra £1k.

Money is xfrd via the Turkbank in London to the local branch.

Maybe worth your while and pocket to check with TRNC Turkbank.

Thanks Joe Soap for the info. Afraid that I don't have a UK Turkbank account, and I am in TRNC.

My Halifax bank charges me £9.50 to transfer money abroad, no matter the amount. I just didn't want the guy who's doing the work for me to incur charges at Ziraat.

I just took the bull by the horns today and transferred money via Western Union online at a cost of £4.90, and went down and picked it up at Iktisat bank in Karakum. The max you can send here in GBP is £4000 with Western Union, so it was worth it for that amount. Cheaper than frequent trips and charges at ATMs to take out Sterling.

I will get him to check at Ziraat himself to confirm there will be no charges at his end, as I will be using him for other jobs in the future. Or I will pop in myself next time I am passing a branch.

Thanks to all for input, much appreciated.

Try TEB bank I have used them in the past, more reasonable than some others. Also drawing GBP from their cash point with certain UK/Building society bank cards, no charge
Speak with seran.sepetcioglulari@teb.com.tr