One of the issues that our citizens living abroad are interested in when coming to Turkey for both holidays and work is the amount of money they can bring with them. How much money I can bring from abroad is one of the questions that on many people’s minds.
The article is written by a Turkish expat who lives in Europe. It originally published in Turkish version of Yurtdisindayiz website. The article is depend on personal experiences about taking cash and money to Turkey. Rules and laws might change.
In this article, we have compiled alternative methods by talking about the amount of cash you can bring and those who are afraid to carry a large amount of cash with them.
Limits On Taking Cash into Turkey
With the latest circular in Turkey, the cash limit to be brought from abroad has completely disappeared.
According to the European Union’s customs laws, when entering the European Union, it is required to report money over 10,000 euros. In other words, when you come from Europe, you have to inform customs that this amount is over 10,000 euros in cash.
To solve the issue of taking money Turkey, Transferwise allows you to transfer money very quickly with very convenient commissions.
On the contrary, there is a strict rule on this issue as 10,000 euros when leaving Turkey for Europe. If you do not report this to customs, you may have a serious problem on your part.
We are also aware that some are afraid to carry a large amount of cash with them, which is not unfair in this age when everything is increasingly going digital. For this reason, we also wanted to look at alternative methods how you can bring your money to Turkey before arriving Turkey and we want to highlight Transferwise which is the cheapest and fastest way.
Methods of Bringing Money to Turkey
- Transferwise
- Cash
- Wire Transfer
- Western Union
We can collect methods of bringing money to Turkey under the 4 most common headlines. You can review our best ways of sending money to Turkey article for more detailed information about the methods we briefly mentioned here.
Bringing Money via Transferwise
You also have the opportunity to transfer money without being affected by the high commission and currency conversion rates.
Of course, you will have to agree to a small deduction from your money when you bring cash, which will never be reduced, but remember that you can send high figure money to Turkey with Transferwise.
We propose sending the top to your bank in Turkey with Transferwise, at least in accordance with the insurance intent.
However, it is not necessary to meet the European Union’s requirements. Your money will be transferred to your account in Turkey within a business day. You can get more detailed information about the subject from the cheapest way of sending money to Turkey article.
Bring Money to Turkey via Western Union
If you do not want to interfere with any bank and don’t mind high deduction rates, you can instantly transfer your money to Turkey with Western Union. All you need to withdraw your money in Turkey will be a code provided by Western Union.
How much money can I send to Turkey with wire transfer?
Wire transfer is traditionally the most used method when bringing money from abroad. The limit issue depends entirely on the person who makes the money transfer. If you go above a certain amount or frequently go above a certain frequency with a similar transfer, your bank may ask you for an explanation of the money you have sent. This would also be a fairly standard procedure.
There are no limits on bringing cash to Turkey but because of other countries’ rules you can’t take more than 10.000 Euros cash to Turkey.
Still, we recommend transferring a considerable amount to Turkey by transferring it online without removing it as cash from your bank account.
In this regard, we also recommend the Transferwise site. You can check our other article, in which we answer the question of how many days it takes to send money from abroad.
To learn more about how Transferwise works, you can visit the website by clicking on the button below. We hope that when you think about how much money you can bring from abroad; we have been able to eliminate the question marks on your mind.
