transferring sterling uk to trnc

ajaney


Joined: 24/12/2008
Posts: 199

Message Posted:
26/05/2011 11:07

I would be grateful to know the quickest way to transfer sterling from the UK to North Cyprus. My bank here tells me that an international transfer can take up to 10 working days. Can cash be transferred by moneygram or any other methods?

Many thanks

nostradamus


Joined: 15/04/2008
Posts: 557

Message Posted:
26/05/2011 11:12

Ask your Turkish Cypriot bank whether they have any accounts with a UK bank. If they do, you would be able to transfer on line from your UK bank to theirs. The money should then arrive in your account here within a day or so and, as it will be treated as a normal UK credit transfer, it will be free at the UK end. Limassol and Iktisat are two banks here that you can definitely do this with, but there may be others.

ozkent


Joined: 08/05/2010
Posts: 111

Message Posted:
26/05/2011 11:18

We used hsbc to transfer our stage payments from our account in England too girnie hsbc then we withdrew the money when we needed it. there is a small charge but it is fast and reliable.

ClareW


Joined: 11/02/2009
Posts: 53

Message Posted:
26/05/2011 16:23

We use HSBC at both ends and the money is often in the TRNC account later the same day by telephone banking. Very easy especially once you have got it set up initially.

erolz


Joined: 17/11/2008
Posts: 3456

Message Posted:
26/05/2011 16:40

For small amounts I take sterling out of HSBC cashpoint machines here in TRNC, drawing on a UK nationwide account. There is no charge for such sterling withdrawals (yet) and no conversion rate involved. Cash is available 'instantly' , though of course subject to the daily limit for such withdrawals.

brightlights



Joined: 09/11/2009
Posts: 117

Message Posted:
26/05/2011 17:10

Any high st bank can make a SWIFT transfer to a foreign bank like Turkbank, cost is £25 per transfer...and approx 1.5% charges at this end. Turkbank have a "routing ISBN" at their UK branch which will direct the transfer, when used in conjunction with your account number, to a sterling account here. Transfer time for our bi-monthly transfers has been 4 days on average, best 3 and worst 5 days. This is our experience, and not an invitation to slag off Turkbank !

TonyE