Electronic Funds Transfer

Electronic Funds Transfer
Electronic Funds Transfer (EFT) is a Turkish Lira transfer to any other bank within Northern Cyprus and Turkey

For this transfer a SWIFT number is not required. You can use Internet Banking to make an Electronic Funds Transfer using either beneficiary account details or transfer to a name

Domestic Electronic Funds Transfers (EFT)

EFT within Northern Cyprus (This a non restrictive transfer between banks in Northern Cyprus)

In accordance with the central bank of Northern Cyprus, the minimum amount for domestic transfers is 1 TL or currency equivalent.

Transfers of this type are processed Monday to Friday up to 14:30. Any transfer requests after this time will be processed the following working day.

The maximum daily amount that can be transferred using the Internet Banking facility is 20,000 USD or currency equivalent.

Domestic transfers for TL and currency via the Internet Banking facility is free of charges.

Electronic Funds Transfer to Turkish banks within Northern Cyprus and abroad

Transfers of this type are processed Monday to Friday up to 16:00. Any transfer requests after this time will be processed the following working day.

Transfers to a name in TL can only be processed to banks in Turkey.

TL transfers to Turkey made via internet banking do not incur charges.

The maximum daily amount that can be transferred using the Internet Banking facility is 20,000 USD or currency equivalent.