Best Ways to Send Money from the Netherlands to Turkey

The Netherlands is one of the countries where many Turkish citizens live in Europe with Turkey’s intensive migration. For this reason, money transfers between the Netherlands and Turkey are often a necessity.


The article is written by a Turkish expat who lives in the Netherlands. It originally published in Turkish version of Yurtdisindayiz website. The article is depend on personal experiences.


In this article, we will also evaluate the most appropriate alternatives for sending money from the Netherlands to Turkey and various online methods for sending money according to their speed.

Let’s start by choosing and explaining the most appropriate method for sending money from the Netherlands to Turkey, and then we’ll look at other alternatives.

How to Send Money from the Netherlands to Turkey?

Although many people still prefer to send money directly through the bank and through the SWIFT method to send money from the Netherlands to Turkey due to their habits for many years, we can undoubtedly say that there is a more profitable and easy method. We don’t know if you’ve heard of Transferwise before, but now you’ll see how simple, cheap, and convenient it is.

Sending money from the Netherlands via Transferwise   

Although Transferwise has grown its popularity over the years, it is still a much less used method than Swift. It was 2010 when its founders, who were suffering from interbank commissions on foreign money shipments, thought they could do this job with a lower commission.

Now we are in 2020, and we can safely say that this is the most advantageous method of sending money from the Netherlands to Turkey.

After you become a member of the site, detailed and step-by-step explanations also make the site’s already easy structure even more useful.

how to send money from netherlands to turkey

Transferwise allows you to get rid of high commission fees when sending money from the Netherlands to Turkey, as well as stop searching for banks ‘ SWIFT codes. Let’s also emphasize that international money sending is usually completed quickly from banks. Now let’s talk about how to apply this method step by step.

  • By clicking on the link, you can immediately register with Transferwise for free. Make sure that you have entered your personal information correctly because countries control international money transfers, no matter which method you choose.
  • After selecting the amount you want to send from the Netherlands to Turkey, you will see the total cost along with the small commission added by Transferwise. In no way will the extra cost be deducted from your account or the buyer’s account.
  • Then you need to enter the recipient information like name / IBAN address. As we just mentioned, you don’t need SWIFT codes in this method.
  • In the last step, you must choose the method to send money. If you want the account number shown to you by bank transfer, you can complete your transaction directly with a debit card or credit card option.

Finally, after checking and confirming the information shown to you, your process will start. You can now expect your transaction to be completed within the estimated time. For the transfer of money from the Netherlands to Turkey, this estimated time usually 1 day. In other words, the money will be transferred to the buyer’s account in Turkey within 1 business day.

To trade with Transferwise, the recipient does not need to have a Transferwise account. As you enter the recipient’s IBAN information, the money from the Netherlands will go directly to the recipient’s bank account.

At this point, you should make sure that the money going to Turkey is TL in order not to face extra costs. If you choose the Euro for your side and TL for the receiving side, you can be sure there won’t be a problem at all. 

So, as we just mentioned, how can Transferwise complete this transaction in a cheaper way than the banks? In our article What is Transferwise, we also gave a detailed answer to this topic. If we have to tell briefly:

Transferwise seems to have settled this matter quite logically. Although you sent money from the Netherlands to Turkey, the transaction doesn’t occur on the Transferwise side. In the Netherlands, money is sent from your account to a Dutch account, and money is sent from the Transferwise (United Payment Services) account in Turkey to the buyer’s account. In other words, since money doesn’t change the country, this process is completed both cheaper and faster.

You can click here to send money from the Netherlands to Turkey with the lowest commissions with Transferwise.

This method can also be used to send money from Turkey to the Netherlands. This time, the direction of the transfer from TL to Euro and the transfer from Turkey to the Netherlands.

Making SWIFT from the Netherlands to Turkey

Now for the most familiar and classic method. SWIFT. You can also look at Swift as an international EFT transaction. You will complete this transaction through the bank you use in the Netherlands.

You can start your transaction step-by-step by selecting SWIFT for money transfers from your bank’s online or mobile banking. Transactions may vary from bank to bank, but you can complete the transfer of money through mobile or internet banking in all banks. You don’t have to go to the branch.

You can check our article about opening an online bank account abroad to learn about online banks that you can easily open an account in the Netherlands.

When making transactions on the Internet branch, you will proceed through the SWIFT/international Transfer selection from the money transfers section. When completing the SWIFT transaction, the difference between this and a traditional domestic remittance is the banks’ Swift / BIC codes.

You must also use this information when transferring from the Netherlands to Turkey. So you’ll need the SWIFT code of the receiving bank. Here you can find the SWIFT codes of banks that you may need in Turkey.

Bank NameSwift Codes
Türkiye Garanti Bank Swift CodeTGBATRIS
Akbank Swift CodeAKBKTRIS
ING Bank Swift CodeINGBTRIS
Türkiye Iş Bank Swift CodeISBKTRIS
Ziraat Bank Swift CodeTCZBTR2A
Halk Bank Swift CodeTRHBTR2A
Türkiye Finans Bank Swift CodeAFKBTRIS
VakıfBank Swift CodeTVBATR2A
TEB (Turkish Economy Bank) Swift CodeTEBUTRIS
Yapı Kredi Swift CodeYAPITRISFEX
Finansbank Swift CodeFNNBTRIS

 *If your bank wants the SWIFT code to be entered as 11 digits, you can add 3 X to the end of 8-digit codes. So, for example, the code you need to enter for Finansbank will be FNNBTRISXXX in this case.

Sending Money from The Netherlands to Turkey: How Many Days Does It Take?

In this article, when we talk about various money transfer methods, we usually consider these methods’ advantages through financial conditions, such as commission rates and exchange rates.

Of course, if you have a job that you need to deal with urgently, the transfer speed can become the most important issue for you.

We also highlighted the speed advantage of Transferwise when talking about its advantage over the classic bank transfer.

However, let’s say that you usually need 1 day to send money from the Netherlands to Turkey. If you complete the SWIFT method’s process, this process can extend to 2-3 days and can be completed within 1 day. SWIFT operations are a little more ambiguous in terms of speed of conclusion

Western Union is unbeatable about speed, but also the expensive option of all other methods. We recommend that you apply to Western Union if the buyer needs to reach the money instantly.

Transferwise is the most advantageous option if the money transfer doesn’t need instant and waiting 1 day is not a problem for you. As mentioned above, the fact that you can use this method when sending money from the Netherlands to Turkey, as well as when sending money from Turkey to the Netherlands, makes Transferwise unbeatable in terms of ease of use.

Unless you complete the transaction in the last hours of the day, our personal experience tells us that the money will be in the buyer’s account the next day. This is usually more than enough speed for most customers.


You can join Transferwise by click on the button to benefit from the lowest commission rates.