Money Transfers

Money Transfers

İktisatbank Money Transfers

You can use our money order services to make transfer between your accounts you have with İktisatbank.

If you wish to transfer funds to any other bank in TL you can use our EFT services. Transactions can easily be performed from our branches or with our Digital Banking facilities. You can perform your foreign currency transfers with our SWIFT service.

Account to Account Transfer

Whether you are looking to transfer funds between your own accounts at İktisatbank, to another account with İktisatbank or make an International Transfer. This facility is available to you from any of your current accounts.

  • Instant transfer between your own accounts of the same currency.
  • Instant transfer from your account to any other account of the same currency within İktisatbank.

Electronic Funds Transfer (EFT)

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.
  • 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 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.

SWIFT (Society for Worldwide Interbank Financial Telecommunication)

  • It’s a system that allows you to transfer your funds electronically between banks all around the world.
  • SWIFT code is a code between 8 and 11 digits.
  • With the SWIFT code you can make foreign currency transfer transactions.
  • To make SWIFT transactions you have to have a currency account and a TL account.
  • If you know the SWIFT code of the bank you are transferring the money to, the only thing you have to do is type in the code.
  • If your SWIFT code is shorter than 11 digits type “X” to the end.

How To make SWIFT transactions?

  • Choose the account that you are going to make your transfer to.
  • Type in the SWIFT code of the bank to where you are transferring the funds to.
  • After you provide the information you have been asked for, the system will show you the list of branches related to that SWIFT code.

*If you cannot find the bank in the list you are making your transfer to please go to your branch and make your transfer from the branch.

*Correspondent banking charges will be deducted from the original transfer amount by the receiving bank.