Having problems with transferring money from UK

TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
11/01/2012 10:55

I have been transferring money via internet for almost 5 years now my English bank say they no longer provide this service. Is anyone else having problems, we are with Iktisat bank and they don't use a UK bank so think this may be the problem.



Are there any banks here that use a UK bank as the depositing bank before it transfers over here.



Lizzie

mikelapta



Joined: 20/11/2008
Posts: 2186

Message Posted:
11/01/2012 10:57

Lizzie,I had problems with Iktisat Bank,but now use HSBC with little problems.Do a small transfer first,to make sure it works







Mike

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
11/01/2012 13:45

My uk bank would not let me transfer some money via internet to my firends account also uk. Now what?

TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
11/01/2012 14:44

Thanks Mike though I don't have an account with HSBC but if it works will certainly open one

NCMan



Joined: 19/09/2009
Posts: 670

Message Posted:
11/01/2012 15:10

Turk Bankasi also have this facility.

Schoie



Joined: 26/12/2008
Posts: 299

Message Posted:
11/01/2012 16:42

try creditwest

TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
11/01/2012 16:59

Thanks will call in Turk Bankasi tomorrow have just checked their web page and it looks promising then on to Creditwest

smoggyjim


Joined: 21/07/2007
Posts: 214

Message Posted:
11/01/2012 17:14

Most UK banks will not let you transfer money overseas via internet banking, they will do it by telephone banking or going to the branch

magalan


Joined: 17/01/2009
Posts: 227

Message Posted:
11/01/2012 17:25

Lloyds TSB - no problem with international payments/transfers via internet

Agobard


Joined: 20/08/2008
Posts: 271

Message Posted:
11/01/2012 17:41

Some of these problems may be connected to the fact that a lot of UK banks are now using card readers which they have issued to all of their on line customers. Nationwide, for instance, will not do transfers outside Nationwide without the customer using the card reader. Also bad news for people banking with Limassol Turkish - you can no longer transfer funds FOC via HSBC International in London. The reason for this is that Limassol have changed their intermediary bank to TEB in Istanbul because the HSBC were charging them ridiculous amounts to process payments for them.

offtheradar


Joined: 08/07/2010
Posts: 20

Message Posted:
11/01/2012 20:54

I have been trying to transfere funds to inkisat bank today from an HSBC account.The pre-select forms for payment do not allow enough options to make the transfer online as it includes an intermediary bank before being transfered,so I went to the local branch to try and resolve the problem.

I was informed that the payment could be made by a chaps payment at a cost of £30 and they could set up this facility at the same time,but did advise me to open an HSBC acount in Cyprus.

It would appear that overseas banks that cannot afford or do not wish to fund a live branch in the UK do use a third 'intermediary bank' as most other transactions go via Mersin.



If you require the details for transfering funds to Inkisat bank please send me an e-mail and I will foreward them onto you.

IktisatEng


Joined: 12/01/2011
Posts: 32

Message Posted:
12/01/2012 16:33

For details on how to transfer funds to your Iktisatbank accounts please contact me english@iktisatbank.com or natalie.haigh@iktisatbank.com and I will be more than happy to advise you how to best transfer your funds to us.

smoggyjim


Joined: 21/07/2007
Posts: 214

Message Posted:
12/01/2012 17:28

I have had absolutely no problems transferring money to Iktisat Bank via my Barclays branch, I have a Lloyds TSB internet account and cannot transfer money overseas from it.

Ozangirl


Joined: 03/09/2010
Posts: 145

Message Posted:
13/01/2012 11:00

I had a nightmare transferring money from UK to Iktisat, it goes via a third party (TEB in Turkey) and the UK bank could not understand why this was so it got lost for about 3 weeks in Turkey!! had to put a trace on it in the end to get it back.

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
13/01/2012 11:41

I have never had a problem transferring money here via Internet banking with HSBC. The important thing is to give the BIC & IBAN details for the Intermediary bank, not the local bank. The Beneficiary name is the only reference to the local TRNC bank & when given that under 'Beneficiary name' the Intermediary Bank know how to treat the transfer.

If you get clear instructions from your local bank in the TRNC about exactly what to tell your UK bank & ensure that your UK. bank follow those instructions, you should have no difficulty whatsoever.

I have also transferred money from First Direct using telephone banking because First Direct do not have an option for online overseas transfers. Again, they took the details from me & no problems whatsoever.

In every case bar one, regardless of using the online method from HSBC or the telephone method with First Direct, the funds arrived with my bank the next working day. Avoid starting transfers from UK. on a Friday for obvious reasons.