Money Transfers

Money Transfers Are Easy with İktisatbank

You can easily transfer funds between your İktisatbank accounts using internal transfers and make TL and foreign currency transfers to other banks within the TRNC instantly through our EPS (Electronic Payment System) 24/7 Instant Transfer service, both at our branches and via our Digital Banking Channels (Internet and Mobile Banking).

You can securely make TL transfers to Türkiye through our EFT service, and foreign currency transfers abroad through our SWIFT service available via our Digital Banking Channels (Internet and Mobile Banking) and at all İktisatbank branches.

Internal Transfer (Between My Accounts)

You can instantly transfer funds between your own accounts at Kıbrıs İktisat Bankası Ltd.

• Credit card payments: From your TL account to your credit card account,
• Foreign exchange transactions: From your foreign currency account to your TL account, or from your TL account to your foreign currency account,
• Term deposit transactions: From your demand deposit account to your term deposit account, or from your term deposit account to your demand deposit account.

For both Personal and Corporate Banking customers, there is no daily limit on internal transfers between accounts in the same currency. You can transfer any amount instantly and without interruption.

Money Transfer

You can transfer funds to another account or a named beneficiary at Kıbrıs İktisat Bankası Ltd.

• Fast and easy transfers: From the Transfers menu in our Internet Banking and Mobile Banking applications, you can instantly transfer funds to other people who hold an account at Kıbrıs İktisat Bankası Ltd.
• Saved transaction convenience: You can save the accounts you regularly transfer funds to during the transaction and make future transfers quickly without entering the account details again.

EPS (Electronic Payment System)

By selecting EPS under the Transfers menu in Internet Banking or Mobile Banking, you can transfer funds to bank account or to a credit card at banks operating within the TRNC.

• Domestic transfers can only be made for amounts of 1 TL (or the foreign currency equivalent) and above.
• There is no upper transaction limit for EPS transfers made during the TRNC Central Bank's operating hours.
• Outside operating hours, on weekends and public holidays, EPS transfers are available 24/7, with a maximum limit per transaction of 150,000 TL or 3,000 USD / EUR / GBP.
• No fee is charged for domestic TL and foreign currency bank transfers.

EFT (Electronic Funds Transfer)

By selecting EFT under the Transfers menu in Internet Banking or Mobile Banking, you can transfer funds to an account or a named beneficiary.

For Turkish and international banks operating within the TRNC:

• Transfers to the Republic of Türkiye via EFT can only be made in TL.
• No fee is charged for TL EFT transactions to Türkiye.

SWIFT (Foreign Currency EFT)

SWIFT is an international system that enables secure electronic money transfers between banks worldwide. With İktisatbank's SWIFT service, you can easily make foreign currency transfers abroad. To make a SWIFT transaction, you must first have a foreign currency account.

Frequently Asked Questions About Money Transfers