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21.09.2023

Money Transfers in Turkish Lira - Current Conditions of Russian Banks

Money Transfers in Turkish Lira - Current Conditions of Russian Banks

We are diligently monitoring the developments related to money transfers in foreign currency from Russian banks. Here are the responses we've gathered from customer support regarding opening accounts and conducting transfers in Turkish lira. We'll start with the six banks that facilitate such transactions:

1. Gazprombank
   - Currency transfer: Possible through a bank branch.
   - Amount restrictions: The minimum transfer amount is €20,000 per transaction.
   - Commission: 1.5% via your personal account, 1.5% through a bank branch.

2. Credit Europe Bank
   - Currency transfer: Possible through the application or at a bank branch.
   - Amount restrictions: No restrictions on transfer amounts.
   - Commission: 1% via your personal account, 1% through a bank branch.

3. Bank Avangard
   - Currency transfer: Possible through specific bank branches in each city.
   - Amount restrictions: No restrictions on transfer amounts.
   - Commission: 2% via a bank branch.

4. PSKB Bank
   - Currency transfer: Currently, direct transfers in lira are not available (only with conversion to another currency).
   - Amount restrictions: No restrictions on transfer amounts.
   - Commission: 2%-4% via a bank branch.

5. Digit Bank
   - Currency transfer: Possible through the application and at a bank branch.
   - Amount restrictions: No restrictions on transfer amounts.
   - Commission: 1.5% via a bank branch.

6. Expobank
   - Currency transfer: Only possible through a bank branch.
   - Amount restrictions: No restrictions on transfer amounts.
   - Commission: 1% via a bank branch.

What else is known?

The following banks do not open accounts or facilitate transactions in Turkish Lira (TRY):

- Raiffeisen Bank
- AK Bars Bank
- JSC "UniCredit Bank"
- Intesa

Stay tuned for further updates in the coming days!

VELES OTOMOTİV İTHALAT İHRACAT İNŞAAT SANAYİ VE TİCARET LİMİTED ŞİRKETİ

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