Money transfer to North Cyprus from UK

begonia


Joined: 19/05/2009
Posts: 229

Message Posted:
01/09/2010 15:40

What do you think is the easiest /cheapest way to send money to an A/C in the TRNC. Have tried various methods in the past but maybe there is now something better ?

DeaconB


Joined: 13/07/2010
Posts: 120

Message Posted:
01/09/2010 15:46

I make regular transfers to various accounts and pay about £25 per transation via Barclays, never had a problem yet.

Smity



Joined: 14/09/2009
Posts: 826

Message Posted:
01/09/2010 17:52

I use Halifax £9.50 per tranaction if i do it myseff on line

£ £19,50 if Halifax do it

begonia


Joined: 19/05/2009
Posts: 229

Message Posted:
02/09/2010 09:58

Smity...I assume you have have a halifax A/C ?

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
02/09/2010 10:04

Do you bank with HSBC?

begonia


Joined: 19/05/2009
Posts: 229

Message Posted:
02/09/2010 11:04

I do but the person I want to send money to doesn't. Anyone know about CreditWest or moneygrams ?

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
02/09/2010 11:38

I use the old fashioned method of writing a UK sterling cheque to myself and deposit it with my TRNC bank. It takes 21 working days to clear. Obviously if I suddenly needed a large cash injection quickly I would have to revert to more expensive but quicker methods. However with a careful eye on my balances here I have done this every couple of months or so for 6 years without mishap and each transaction has cost no more than 2 or 3 pounds sterling. The time monies are in the ether seems not to cause any great loss of interest as the sums involved are only several thousand pounds sterling and what the banks pay in interest on current accounts is negligible anyway. On our initial move here we carried £80,000 sterling in cash which caused an interesting time with Customs then Special Branch at Stansted but I prevailed in the end by a combination of legality and a persona often described as "about as smooth as a marble in a bucket of snot"

cosworth



Joined: 20/07/2010
Posts: 243

Message Posted:
02/09/2010 15:12

Please try it with Turkiye İş Bankası ... May be better than local banks ...

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
02/09/2010 16:16

i deputydawg,



In 2006 I experienced the same problem at Stanstead airport. I had £10,000 on me which I was using to furnish our property in Cyprus. I was made to feel like a criminal and this was in front of everyone for all to see. Fortunately I had kept the receipts of the amounts drawn from 2 different banks, which were only dated the day before. I had asked at both banks how much I was allowed to take into the TRNC and was told at one £10,000 and at another it was unlimited. I have never felt like this before and will never forget the experience.

Thanks for the tip of paying in a cheque from my UK bank, I had never thought of that.



The butlers wife

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
02/09/2010 23:17

Butlers wife. Obviously it is none of my business to know who you bank with but, as belt and braces, you may wish to first check with your bank that they will provide the same service for you and check their rates. Sorry you crossed swords with officials at Stansted and were treated badly. We were lucky as I was carrying an ID card as an officer of the Supreme Court. I told the special Branch man that I would telephone the High Sheriff if we missed our flight and made him aware that if the High Sheriff tells the Chief Constable to jump, he jumps, and does not come down until told to. At that he let us go but pleaded , " "you do not know the half of it what happens here" to which I replied "It is you who does not know the half of it pal as you have found £40,000 about my person but failed to find the £40,000 which my Wildebeest (bless her) is carrying as she runs towards the door" Best of luck.

dusty48


Joined: 14/08/2008
Posts: 258

Message Posted:
03/09/2010 08:33

Transfering money from RBS to credit west



The money takes 24 hours before it goes into your credit west account with a maximium limit of 10k per day or you have to deliver a letter requesting other amounts to your uk branch and it costs £25 a time

crofter


Joined: 16/12/2008
Posts: 1035

Message Posted:
03/09/2010 16:55

msg 3 - we have done the same and it works!



The money was here within 48 hours. Beats having to write out a UK cheque and wait 21 days which is what we have been doing for 8 years.