Ruqayyah Snyder
There are several ways to send money from Australia to Turkey. The best option for you will depend on your preferences and requirements. Some popular methods include online money transfer services such as Wise, WorldRemit, Revolut, and Xe Money Transfer, each offering different rates, fees, and transfer speeds. Traditional bank transfers are also an option, although they may be more expensive and slower compared to online providers. It's important to compare the available services and choose one that suits your needs in terms of cost, speed, security, and convenience.
| Characteristics | Values |
|---|---|
| Cost of transfer | AUD 10.19 + 0.37% of the amount converted |
| Time taken for transfer | 1-4 working days, but can be as quick as within a day or even instant |
| Transfer methods | Debit card, credit card, direct debit, bank transfer, mobile wallet, cash pickup, bank account transfer |
| Companies providing service | Wise, WorldRemit, Revolut, Xe, MoneyGram, Western Union, Remitly |
| Registration requirements | Email address, full name, mobile phone number, gender, birth date, address, ID proof, selfie image |
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What You'll Learn
Online money transfer services
Wise
Wise (formerly known as TransferWise) is a well-known online money transfer service that offers transfers from Australia to Turkey. Wise provides a convenient app that allows you to check exchange rates and repeat previous transfers easily. Wise also offers transparent pricing, with a small, flat fee and a percentage of the converted amount, and it provides an estimated arrival time for your transfer. Additionally, Wise holds your money with established financial institutions, keeping it separate from their own accounts.
WorldRemit
WorldRemit is an authorised and regulated money transfer service that offers fast, low-cost, and secure online money transfers to Turkey from Australia. They provide regular updates and allow you to track your money every step of the way. WorldRemit offers different receive methods, such as cash pickup, bank account transfer, or mobile money account transfer. You can use their website or mobile app to register and initiate transfers.
Revolut
Revolut is another popular option for sending money to Turkey from Australia. With Revolut, you can send money quickly and safely using their mobile app. They offer competitive exchange rates and transparent fees, which are displayed in the app before you transfer. Revolut also monitors your account for suspicious transactions and keeps your card details secure.
Xe
Xe is an experienced money transfer service that has been in the industry for over 30 years. They offer simple, fast, and secure international money transfers with transparent rates and no hidden fees. Xe provides multiple payment options, including debit and credit cards, direct debit, and bank transfers. You can use their mobile app to initiate transfers easily and securely.
Western Union
Western Union is a popular money transfer service with a large agent location network. They offer competitive rates and are often the cheapest option for transfers to bank accounts in Turkey. You can use their online platform or visit their agent locations to initiate transfers.
These online money transfer services provide convenient, cost-effective, and secure ways to send money to Turkey from Australia. Be sure to compare their features, fees, and exchange rates to determine which service best suits your needs.
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Bank transfers
If you want to transfer money from your Australian bank account to a bank account in Turkey, you can use online providers such as Wise, Remitly, Western Union, or TransferGo.
To send money through Wise, you can pay in AUD with your debit or credit card, or send money from your online banking. The recipient will get money in TRY directly from Wise’s local bank account. Wise converts your money at the inter-bank rate, so you save more. To send money in AUD to Turkey, you pay a small, flat fee of 10.19 AUD + 0.37% of the amount that's converted. You will always see the total cost upfront. A money transfer from Australia to Turkey should arrive by Wednesday, but transfer times can differ based on payment methods or verification changes.
Remitly is another online provider that you can use to transfer money to Turkey. Over the past three months, Remitly has been the cheapest provider for cash pick-up transfers in Turkey, with an average cost of 1.3% of the amount sent, including fees and the exchange rate margin.
Western Union is a well-known money transfer service that allows you to send money to Turkey online, via their app, or in person at an agent location. You can transfer money to major Turkish banks, and the funds will arrive in Turkish lira. To use Western Union, you will need to register for a free profile, after which you can start your online transfer to Turkey. You will need to enter 'Turkey' as the destination and the amount you want to send in US dollars. You will then see how much your receiver will get in Turkish lira, along with estimated transfer fees and delivery times. Select 'Bank account' and enter the receiver's details, including their name, address, and IBAN code.
TransferGo is another option for transferring money to Turkey. It is a real-time money transfer service with a mobile app that is free to download and is up to 90% cheaper than banks. To send money using TransferGo, simply start your order in the app, then use your banking app to send TransferGo the money using the bank details they send you. Once you've done that, let TransferGo know in the app, and they'll pay out the money to your receiver in Turkey.
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Credit and debit cards
If you're looking to send money to Turkey from Australia, there are several options available to you, including credit and debit cards. Here's what you need to know about sending money using these payment methods:
Using a credit or debit card to send money to Turkey from Australia is a convenient and fast option. Several money transfer services, such as Paysend, TransferGo, Western Union, and Wise, allow you to use your card to transfer funds. Here are the key things to keep in mind:
- Card Type: Both Visa and Mastercard are widely accepted by money transfer services. Paysend also accepts Troy cards.
- Fees: When using credit and debit cards, it's important to consider the associated fees. Debit cards are typically cheaper than credit cards because processing credit cards can be more expensive. Bank transfers are usually the cheapest option for sending larger amounts of money.
- Speed: Card transfers are generally faster than bank transfers. TransferGo, for example, offers instant card-to-card transfers, while Wise can provide same-day or instant money transfers on popular routes.
- Security: Always use a secure internet connection to safeguard your information. Services like TransferGo use end-to-end encryption to protect your data and funds during the transfer process.
- Recipient Information: Ensure you have the correct and up-to-date information for your recipient, including their full name, card details, and bank account details if needed.
- Exchange Rates: Be mindful of exchange rates, as they can impact the amount your recipient ultimately receives. Some services, like Wise, allow you to lock in an exchange rate for a certain period.
- Limits: Check for any sending limits. For example, with Western Union, you can send up to $5,000 to Turkey, regardless of your payment method.
- Mobile Apps: Many money transfer services offer mobile apps, making it convenient to send money on the go and track your transfers.
Sending money to Turkey using credit and debit cards offers a fast and efficient way to transfer funds. By choosing a reputable service, you can ensure your transactions are secure and reach your intended recipient promptly.
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Cash pickup
If you're looking to send money from Australia to Turkey for cash pickup, there are several options available to you.
Remitly is a popular choice for cash pickups in Turkey. It offers a trusted network in Turkey, allowing cash pickup, bank deposit, mobile wallet, and more delivery options. To use Remitly, you'll need to create an account on their website or mobile app. After that, you can select the currency and the amount you want to send, choose the delivery speed, and enter the recipient's information. Finally, enter your payment information and confirm the transfer.
Another option is Western Union, which has a large agent location network in Turkey. With Western Union, you can send money online, via their app, or in person at an agent location. To send money, you'll need to register for a free Western Union profile with your name and email address. Then, you can log in, select Turkey as the destination, enter the amount you want to send, and provide the recipient's details. Western Union allows you to send up to $5,000 for cash pickup, and you can pay online or in person using various payment methods.
ACE Money Transfer is another service that offers cash pickup in Turkey. They work with affiliated banks in Turkey, allowing the recipient to collect cash from any of their partner bank branches. ACE Money Transfer provides quick transfers, often within 24 working hours, and offers secure and convenient services.
When choosing a money transfer service, it's important to consider factors such as fees, exchange rates, transfer speed, and the convenience of pickup locations for the recipient. Additionally, be sure to follow the specific instructions provided by each service to ensure a smooth and secure transaction.
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Mobile wallet
There are several options for sending money to Turkey using a mobile wallet. For example, TransferGo allows you to top up your recipient's mobile wallet with Turkish Lira (TRY). All you need is the recipient's mobile phone number. TransferGo offers end-to-end encryption to protect your money and data, and it is regulated by the Financial Conduct Authority (FCA) and EU and UK law.
Another option is Xe, which allows you to send money to mobile wallets in over 35 countries. You can create or log in to your Xe account in the Xe app and choose the 'Mobile wallet' delivery option. Xe offers great exchange rates and transparency about any additional fees.
Remitly is another service that offers cash pickup, bank deposit, mobile wallet, and other delivery options in Turkey. You can create an account on their website or through their app on the App Store or Google Play. After selecting the currency, amount, and delivery speed, you can choose to deliver the money to your recipient's mobile wallet.
When choosing a mobile wallet service, it is important to consider the exchange rates and any additional fees that may apply. Additionally, some services may require you to verify your identity and provide proof of residency in the country you are sending money from.
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Frequently asked questions
There are several ways to send money from Australia to Turkey. You can use a specialist money transfer service such as Wise, Xe, WorldRemit or Paysend, or you can use a bank transfer.
Bank transfers are usually the cheapest option when it comes to funding your international money transfer. Some services, such as Wise, offer low fees starting from 0.1% and no hidden fees or exchange rate markups.
The time it takes to send money from Australia to Turkey depends on the service and payment method used. Some services offer same-day or instant transfers, while others can take up to 4 working days.
