Western Union Service
Send and Receive Money with Western Union in the TRNC at İktisatbank
Fast, Secure and Worldwide Money Transfers
With Western Union, you can send money quickly and securely to numerous countries around the world, or collect money sent to you at any İktisatbank branch across the TRNC.
For all Western Union transactions, you must first complete the Western Union Appointment Form available on our website.
Western Union Appointment Form
Receiving Money with Western Union
To collect money sent to you, complete the Western Union Appointment Form on our website. Bring a valid form of identification to the İktisatbank branch where you booked your appointment and provide our branch officer with the 10-digit MTCN (Money Transfer Control Number) shared with you by the sender. Once your identity has been verified, your payment will be handed over to you.
Sending Money with Western Union
To send money, complete the Western Union Appointment Form on our website, bring a valid form of identification to the İktisatbank branch where you booked your appointment, and provide the following details:
- The recipient's full name
- The destination country
- The amount to be sent
Western Union Transfer Options
In addition to the send-to-name money transfer option, Kıbrıs İktisat Bankası Ltd. branches allow you to transfer money to a bank account, a mobile wallet, or a bank card. Depending on your chosen Western Union transfer method, you will also need to provide the following additional details:
For Direct to Bank transfers, you will also need:
- IBAN or account number
- Bank name
- Sort code
For Direct to Card transfer, you will also need:
- Card number
For Mobile Money transfer, you will also need:
- Wallet name
- The recipient's mobile number
Frequently Asked Questions About Western Union
Western Union Send Money and Receive Money transactions may only be carried out by individual customers aged 18 or older.
You are not required to be an İktisatbank customer.
Anyone wishing to send or receive money with Western Union in the TRNC must present one of the following valid identification documents at the İktisatbank branch where they booked their appointment.
TRNC Citizens
- ID Card
- Driving License
- Passport
Turkish Citizens
- ID Card
- Passport
Foreign Nationals
- Passport
Western Union transfers from İktisatbank branches can be sent in USD and GBP. The currency in which the recipient collects the funds is determined by the practices applicable in the destination country.
A maximum of USD 7,500 or its equivalent in another currency, can be sent in a single transaction from any İktisatbank branch.
The MTCN, Money Transfer Control Number is a unique 10-digit reference number generated for each Western Union transaction. This number allows the money sent to be tracked and enables the recipient to collect the payment.
For your security, do not share your MTCN with anyone you do not know.
Western Union transaction fees are paid solely by the sender.
No fee is charged to the recipient for receiving money.
11 Countries (USD) | Other Countries (USD) | |||
AMOUNT | EXPENSE | AMOUNT | EXPENSE | |
0,01-100 | 4,00 | 0,01-100 | 12,00 | |
100,01-200 | 5,00 | 100,01-200 | 18,00 | |
200,01-300 | 7,00 | 200,01-300 | 22,00 | |
300,01-400 | 8,50 | 300,01-400 | 30,00 | |
400,01-500 | 10,00 | 400,01-600 | 36,00 | |
500,01-600 | 12,00 | 600,01-800 | 40,00 | |
600,01-800 | 14,00 | 800,01-1.400 | 45,00 | |
800,01-1.000 | 17,00 | 1.400,01-1.600 | 65,00 | |
1.000,01-1.200 | 21,00 | 1.600,01-1.800 | 75,00 | |
1.200,01-1.400 | 25,00 | 1.800,01-2.000 | 85,00 | |
1.400,01-1.600 | 29,00 | 2.000,01-2.500 | 95,00 | |
1.600,01-1.800 | 33,00 | 2.500,01-3.000 | 105,00 | |
1.800,01-2.000 | 36,00 | 3.000,01-3.500 | 120,00 | |
2.000,01-2.500 | 40,00 | 3.500,01-4.000 | 135,00 | |
2.500,01-3.000 | 45,00 | 4.000,01-4.500 | 145,00 | |
3.000,01-4.000 | 50,00 | 4.500,01-5.000 | 160,00 | |
4.000,01-5.000 | 60,00 | 5.000,01-5.500 | 180,00 | |
5.000,01-6.000 | 65,00 | 5.500,01-6.000 | 200,00 | |
6.000,01-7.000 | 70,00 | 6.000,01-7.000 | 220,00 | |
7.000,01-7.500 | 80,00 | 7.000,01-7.500 | 220,00 | |
11 Countries to Transfer Money from North Cyprus (USD):
Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Uzbekistan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine
Transfers to a bank account are credited to the recipient's account by the next business day at the latest.