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Start Accepting Bank Transfers in Turkey

Integrate bank transfers with iSettle for secure, seamless payments directly from customer bank accounts. Enjoy real-time settlement, low fees, and wide acceptance across industries.

What are Bank Transfers in Turkey?

Bank transfers in Turkey involve direct payments made through local banks, such as Ziraat Bank, Garanti BBVA, Akbank, and others. The system is supported by Turkey’s robust banking infrastructure, with the Interbank Card Center (BKM) playing a central role in ensuring efficient and secure fund transfers. Bank transfers are typically used for large transactions due to their high security and the low risk of fraud. Bank transfers in Turkey are fast, thanks to systems like the FAST (Fonların Anlık ve Sürekli Transferi) system, which allows instant transfers between banks 24/7. This makes bank transfers an ideal solution for businesses that need quick settlement and access to funds.

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Global Reach

Bank transfers in Turkey support both domestic and international transactions. Turkish banks are integrated with international banking networks, such as SWIFT, enabling businesses to easily send and receive payments worldwide. This makes bank transfers a solid choice for businesses operating in both local and global markets.

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Security

Bank transfers are backed by Turkey’s well-regulated banking system, overseen by the Banking Regulation and Supervision Agency (BDDK) and the Central Bank of the Republic of Turkey (CBRT). The advanced security measures, encryption technologies, and fraud detection systems employed by Turkish banks ensure that bank transfers remain one of the safest methods for transferring funds.

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Low Fees

Bank transfers in Turkey offer competitive fees for both local and international payments. Local transfers, especially those conducted through the FAST system, come with minimal fees, making it a cost-effective solution for businesses looking to manage payments without incurring high costs.

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Powering Seamless Payments for Your Business with Bank Transfers and iSettle

Popular Use Cases

Bank transfers are one of the most popular and trusted payment methods in Turkey, widely used by businesses and individuals for local and international transactions. This payment method enables businesses to process transactions directly from one bank account to another, avoiding intermediaries and providing a straightforward, secure, and reliable way to transfer funds.

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E-commerce

Accept payments through bank transfers, providing a secure and widely trusted option for Turkish customers. By integrating bank transfers into your e-commerce platform, you can cater to customers who prefer using their bank accounts for larger or more secure transactions.

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Digital Services

Bank transfers are ideal for digital service providers that require secure and traceable payments. Whether you are a subscription service or a SaaS provider, integrating bank transfers ensures a reliable payment method for users who value security.

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International Transactions

Facilitate cross-border payments with bank transfers, supported by SWIFT for international transactions. Turkish banks offer low-cost international transfers, making it easier for businesses to send and receive payments without high currency conversion fees or delays.

Where are Bank Transfers Most Popular in Turkey?

Bank transfers are the most popular in Turkey for businesses handling large transactions, such as B2B payments, real estate, and high-ticket e-commerce purchases. Many Turkish consumers prefer bank transfers for online shopping due to the ease and security provided by the FAST system. Businesses across sectors, including retail, e-commerce, and professional services, heavily rely on bank transfers for secure financial transactions.

Turkish Bank Transfers FAQ

Bank transfers in Turkey involve direct payments between bank accounts. This method is widely used for both local and international transactions due to its security and efficiency.

Yes, Turkish banks are connected to the global SWIFT network, allowing businesses to send and receive international payments. Bank transfers offer competitive fees and reliable service for cross-border transactions.

Bank transfers are highly secure, thanks to the advanced encryption technologies and fraud prevention systems used by Turkish banks. The system is regulated by the Central Bank of Turkey and other financial authorities.

Bank transfers, especially domestic ones via the FAST system, often come with minimal fees. However, fees for international transfers may vary based on the bank and the currency involved.

Yes, many Turkish businesses, particularly in e-commerce, integrate bank transfers into their payment systems. Payment processors like iSettle support bank transfer integrations, allowing seamless and secure payments.

Yes, Turkish banks handle multiple currencies, enabling businesses to send and receive payments in major currencies such as EUR, USD, and GBP, along with Turkish Lira (TRY).

To set up bank transfers, you will need a business account with a Turkish bank. Most banks offer easy online setups, and platforms like iSettle can help integrate bank transfers into your payment systems.

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PIX PIX is Brazil’s instant payment system that uses QR codes for fast, secure, and real-time payments, simplifying transactions for businesses and individuals.

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Bank Transfers in Peru Bank transfers in Peru offer a secure and trusted method for transferring funds between bank accounts, providing businesses and individuals with a reliable payment option.

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Bank Transfers in Chile Bank transfers in Chile offer a secure and trusted way to move funds between accounts, providing businesses and individuals with a reliable payment option.

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Bank Transfer in Mexico Bank transfers in Mexico offer a secure, direct way to transfer funds between accounts, providing a trusted option for businesses and individuals.

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Bank Transfers in Nigeria Bank transfers in Nigeria provide a secure and trusted way to transfer funds directly between accounts, making them a popular payment method for both individuals and businesses.

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Bank transfer (QR) Bank Transfer (QR) payments in Thailand provide a fast and secure way for customers to transfer funds directly using QR codes through the PromptPay system.

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