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ive@karsiyaka



Joined: 24/02/2008
Posts: 169

Message Posted:
01/08/2008 23:00

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Message 1 of 23 in Discussion

Hi all,



Can anyone tell me what the current interest paid monthly is on a Hsbc lira account ? 45.000-50.000 deposited.



Cheers Ive



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
01/08/2008 23:07

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Message 2 of 23 in Discussion

Interest not based on amount but on time.



For example if you place one-deposit for 30 days it is 4.7%, for 90 days 4.8%.



But why leave in sterling if you can get 18% in YTL.



All interest has 8% tax deducted at source.



The rates are fairly similar across all the baknks here.



ive@karsiyaka



Joined: 24/02/2008
Posts: 169

Message Posted:
01/08/2008 23:10

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Message 3 of 23 in Discussion

Thanks Cyprus is Home.



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
01/08/2008 23:27

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Message 4 of 23 in Discussion

cyprusishome he asked about a ytl account.



Cooper



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
02/08/2008 00:47

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Message 5 of 23 in Discussion

cooper.



do not pick fault, I quoted possible ytl rate.



mackerel


Joined: 22/06/2008
Posts: 117

Message Posted:
02/08/2008 06:52

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Message 6 of 23 in Discussion

Can you transfer money from a UK premier account to TRNC free if you dp it onlinem

Thanks



joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
02/08/2008 18:35

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Message 7 of 23 in Discussion

Mackerel you can transfer money free from UK Premier account but you will not be able to do this online because the funds have to go via Istanbul and the online form does not take into consideration this extra information because it does not recognise a TRNC branch identifier code (BIC). The best thing to do is set up a payment profile via Telephone Banking and once you have made an initial payment you can just phone them and they will have the information for future reference. This works absolutely fine because I have done it myself a number of times.



I hope this is clear!



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
02/08/2008 18:43

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Message 8 of 23 in Discussion

Hi macerel yes i beleive you can.



cyprusishome i was not picking fault just stating fact, he never asked for sterling interest rates only lira



but why leave in sterling if you can get 18% in ytl. Your words not mine.



Cooper



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
02/08/2008 19:31

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Message 9 of 23 in Discussion

I use HSBC International and transfer on line, yes the process is manual via Istanbul but transfer is almost immediate. Plus on this Prmeier account all transfers are free. Why I advocate using this route to get funds here prior to placing in high interest accounts etc.



Most times if I initiate AM the money is in account PM and certainly no later than next day.



You just give branch details ie HSBC, Turkey, Girne Subesi (Kyrenia) and account number. I am sure the pro forma will be similar on HSBC as HSBC International.



joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
02/08/2008 20:25

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Message 10 of 23 in Discussion

When I have tried to use it (not for a while admittedly) there wasn't an option to choose Girne Subesi because it only gave branches that are actually in Turkey. I queried this with Girne branch and they said they do not have a BIC which is why I went the Telephone Banking route.



mackerel


Joined: 22/06/2008
Posts: 117

Message Posted:
04/08/2008 18:04

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Message 11 of 23 in Discussion

Thanks everybody I will give it a go.



orangekazzie



Joined: 31/07/2007
Posts: 1091

Message Posted:
04/08/2008 18:21

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Message 12 of 23 in Discussion

When I was last in HSBC UK transferring money to HSBC Girne I asked if it was possible to do this on-line and was told "its planned for the future but as yet its not possible". This was about a month ago.

Karen



brandy sour


Joined: 09/04/2008
Posts: 310

Message Posted:
05/08/2008 00:22

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Message 13 of 23 in Discussion

it is possible to transfer money to HSBC Girne my husband witchfinder did this about two months ago just make sure you have all your account details and log on HSBC web site and it will tell you how to do it.



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
05/08/2008 00:38

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Message 14 of 23 in Discussion

Karen



Have transfered regularly using HSBC International in Jersey for over 2 years without problem



Have Premier account and there are no charges and funds are in Girne account in less than 24 hours,



All I can say to people is follow the on line account details and you will have no problems



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
05/08/2008 08:48

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Message 15 of 23 in Discussion

PS.



The money is not actually transfered on line, that is impossible. The info is picked up and and cabled from HSBC HQ in London to your HSBC account in Istanbul.



Very efficient and better than normal process when asking a branch to do it when it then takes several days to reach us. I was amazed first time finding funds in local account same day as I asked for transfer on line.



Indian


Joined: 01/05/2008
Posts: 16

Message Posted:
05/08/2008 11:32

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Message 16 of 23 in Discussion

Hi there,

a word of advice...HSBC in Girne is not internationally recognised! If it is, someone enlighten me please!



cheers



kimig1


Joined: 22/06/2008
Posts: 73

Message Posted:
05/08/2008 13:45

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Message 17 of 23 in Discussion

HSBC Girne is DEFINITELY recognised in UK. Becuase

1) we opened out Girne account through HSBC international in Uk, before we came over ( 3 years ago)

2) We regularly transfer money from First Direct account in UK ( FD is subsidiary of HSBC in UK) I have a standiong order set up, and occasionally have a need for extras, which I ask for through secure on-line internet, and never takes more than 2 days, except if there is a UK bank holiday.



Have been doing this for a number of years. Problem is, some UK banks do not know this ....and probably don't want to!

Hope this helps

Kimig



dalartokat


Joined: 14/04/2008
Posts: 734

Message Posted:
05/08/2008 13:56

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Message 18 of 23 in Discussion

Indian, I will try but it can be complicated.



HSBC Bank plc is in London

HSBC International deals with European transactions, especially premier accounts and are based in Jersey, Guernsey. Cyprus is Home has confirmed all this.

HSBC A.S. is in Istanbul Turkey and is a private bank and has foreign branches, 3 of which are in the TRNC. It also has branches in the middle east. HSBC is a "BRAND" name used in Turkey.



All are under, I believe, the umbrella of HSBC Holdings. Hence this is why you can make transactions from some of the Banks and not from others. If I am correct you can make internet and telephone transactions from HSBC International to HSBC AS in Istanbul. So, no, London does not recognise the HSBC Bank say, in Girne, because it is classed as a foreign branch of HSBC Bank AS in Turkey which as pointed out is a private bank.



I am sure someone else will come also and tell you the same or different but for example when I lived in Northern Cyprus(and I have been an account holder of Midland/HSBC bank for over 20 years) when I went into my local branch in Suffolk I was told they used Limasol Turk Kooperatif Bankasi Ltd in Girne which used to be at the bottom of the high street on the corner opposite the jewellers. I had no problems with them transferring my money over and at no charge to me. Some years ago now.



I believe that when people go into their own branches in UK they are being directed through different channels of various banks. Hope this sheds some light.



Indian


Joined: 01/05/2008
Posts: 16

Message Posted:
05/08/2008 17:17

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Message 19 of 23 in Discussion

Hi, Thank you for the info. It does certainly clear some doubts. But i am still not convinced it is recognised. What happens in the event of closing down under unforseen circumstances! How do you claim your money back! Is it safe!



The other off putting thing is parking area. No parking space is provided at all and its a chaos around that bank (matter of fact, most banks don't here anyway)



Cheers

(Irrelevant argument seekers need not comment, please



LooseBoots



Joined: 08/02/2009
Posts: 1258

Message Posted:
15/08/2009 19:46

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Message 20 of 23 in Discussion

As this posting is old,is there an update on internet transfers from the uk to HSBC Girne.



flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
15/08/2009 20:03

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Message 21 of 23 in Discussion

looseboots this is the banking industry you are talking about so as a rule things change slowly - no updates would apply to my knowldege in the last 10 days



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
15/08/2009 20:21

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Message 22 of 23 in Discussion

Tom the message posted above Looseboots was posted in 2008 not 2009 !



flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
15/08/2009 20:26

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Message 23 of 23 in Discussion

OOops - Esssentialy still up to date in a year and ten days just the interest rates have changed



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