Best Ways to Sending Money from Germany to Turkey

Germany is a country where Turkish citizens mostly live abroad. That’s why money transfers between these two countries are very intense.


The article is written by a Turkish expat who lives in Europye. It originally published in Turkish version of Yurtdisindayiz website. The article is dependent on personal experiences about sending money from Germany to Turkey with Transferwise and other alternatives.


We will be giving you some tricks for the cheapest and fastest method for sending money from Germany to Turkey. If you need to send money from Germany to Turkey, you will be able to choose the most suitable method for you.

How to send money to Turkey from Germany?

When we consider sending money from Germany to Turkey, the first approach will be the banks and SWIFT. We will also share how you can do SWIFT transaction and what it means, but let’s start the article with the method we advise for those who want to learn the most profitable and easy process.

The first way will be Transferwise. Maybe you haven’t heard of it before, but we can guarantee you this method is the most profitable online money transfer in Turkey.

Sending money from Germany with TransferWise

TransferWise, which we have introduced as a method that you may not have heard of before, increases its popularity with each passing year. It is getting a portion of the market share of banks in international money transfers.

TransferWise was established in 2010 by two Estonian friends who suffered from losing money while making international money transfers. And now it’s the cheapest and easiest way to transfer money from Germany to Turkey.

No one prefers wasting money. With TransferWise, you don’t need to worry about the cost of sending money from Germany to Turkey. But how can this method be cheaper than banks? While we explain the details of the money transfer process, this question will be clarified.

How TransferWise works for Germany to Turkey International Money Transfer?

  1. Sign up TransferWise for free. You can create an account so fast with your personal information. 
  2. On the opening screen, set the amount of money you want to send from Germany to Turkey and check all details. With this screen, there will be no surprise. You will know all the expenses, including foreign exchange rates.
  3. Click next. Enter the name, surname, and IBAN of the person who will receive the money in Turkey. 
  4. Then decide how to send your money to Turkey from Germany. You can either complete your transaction by entering the reference code specified for your account or continue your transaction with your credit card or debit card.

TransferWise seems the best method to send money from Germany to Turkey IBAN until a similar competitor comes out.

As we asked at the beginning, why is this method more useful and faster than banks?

Because in this method, there is no actual international money transfer. The system works like you send money to TransferWise’s account in Germany. Then, TransferWise sends you the same amount of money from their Turkish bank account.

In other words, these two actions turn into two remittance transactions that take place independently. You can also take a look at our article in which we put TransferWise under the spotlight. 

The screenshot is taken on 28th of November 2020.

Click here and send money fast and easily from Germany to Turkey without losing money now. 

If you know another way to make an international money transfer cheaper and more comfortable, please share it with us. We would be happy to review it on yurtdisindayiz.com.

Please note that you can use this method when sending money to Germany from Turkey. At this time, the transfer direction will be Turkey to Germany.

Make SWIFT from Germany to Turkey

Now we’ll review the most common method: SWIFT. It is an international money transfer between banks. You will make this transaction through the bank you use in Germany. Actions might be variable due to the different banks, but you can complete your transactions via mobile or internet banking. There is no need to go to the bank.

We also recommend our article to open an online bank account abroad for those looking for a different alternative to banking.

While making a transaction via internet banking, you will proceed through the money transfers section by choosing SWIFT / International Transfer. This process seems like a classic domestic transfer / EFT submission. The only difference from the bank to send money in Turkey side SWIFT / BIC code. SWIFT also needs to use this information when Germany from Turkey. 

We have listed popular Turkish banks’ SWIFT codes right here.

Bank NameSwift Code
Türkiye Garanti Bankası Swift CodeTGBATRIS
Akbank Swift CodeAKBKTRIS
ING Bank Swift CodeINGBTRIS
Türkiye İş Bankası Swift CodeISBKTRIS
Ziraat Bankası Swift CodeTCZBTR2A
Halk Bankası Swift CodeTRHBTR2A
Türkiye Finans Swift CodeAFKBTRIS
VakıfBank Swift CodeTVBATR2A
TEB (Türk Ekonomi Bankası) Swift CodeTEBUTRIS
Yapı Kredi Swift CodeYAPITRISFEX
Finansbank Swift CodeFNNBTRIS

*If a bank asks you for 11 digits SWIFT code, you can complete it by adding Xs at the end of the code. For example, Garanti Bank’s code will look like TGBATRISXXX.

How many days take to sending money from Germany to Turkey?

We have reviewed various money transfer methods in this article. We generally examined the financial conditions such as commission fees and exchange rates. But we are aware that if you have an urgent job to deal with, you need to check speed as well. 

When the subject is speed, Western Union is unique with its instant transactions. After receiving the code given to you and make your transaction from Germany to Turkey, you can share it instantly with the person who’ll get the money in Turkey. Then the recipient receives the money from any Western Union point by using the code.

If there is no urgent situation, TransferWise takes 1-2 days. From our experiences, we can say it usually takes under 24 hours. It is way faster than the banks. If you choose SWIFT, it might take 1-3 weekdays. 

Click the button and make a transfer with the lowest commission fees.

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