making he best of banking in Northrn cyprus

skipper1


Joined: 22/05/2008
Posts: 1

Message Posted:
22/05/2008 14:13

I have an account in cyprus but want to know how to best transfer money into it. Do I just ask my my bank in England to put money in, send a cheque, take a cheque with me. What?



Jon

ukturk



Joined: 01/09/2007
Posts: 1974

Message Posted:
22/05/2008 14:18

hi skipper

welcome to the forum, this has been discussed many times in the past and you can look on the sub headings under banking and this will answer all your questions and more

basically the cheapest and easyiest way of doing this is by internet banking, all you will need is the bank details of your bank in cyprus account name, branch, swift code and iabn number and you can do this in the comfort of your home as long as you have internet banking with your current bank in the u.k, if not the just simply do a bank transfer go in to your local branch but this is a bit more expensive than doing it thru the internet

hope this helps

ukturk

chrissie


Joined: 29/01/2008
Posts: 50

Message Posted:
22/05/2008 18:13

skipper1

below is part of an email i received earlier today which you (and others) may find interesting:



"We send all our international transfers through currency dealers. We currently

use Moneycorp and have done for many years now. Why do we use currency dealers

rather than a bank? Simple - because they give us (and therefore the client) a

better exchange rate, lower costs and a speedier service. This is a constant

source of annoyance to our bank but frankly they can't compete with FX dealers

and we have to find the best solution for the clients."



the whole message was quite long but i'd be happy to send it to you if you're interested. if you go to http://www.moneycorp.com there's loads more information.

chrissie

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
22/05/2008 19:21

I sincerely doubt if companies like Moneycorp, Western Union or any other can compete with ZERO cost internet transfers.



These companies exist to make money for their shareholders and charge a high premium for making the transfers and usually offering only a fair exchange rate.



Personally, a route I would steer well clear of and if you do use read all the small print.

chrissie


Joined: 29/01/2008
Posts: 50

Message Posted:
23/05/2008 10:00

" ... a better exchange rate, lower costs and a speedier service."



very astute CIS, however from what i've read here, not everyone has internet capability, especially not from Day 1!!

just offering an alternative that i came across - check the website - i thought it looked interesting ...

sunnyday


Joined: 14/03/2008
Posts: 269

Message Posted:
23/05/2008 10:15

I don't know which bank ukturk uses, but you cannot make international payments using Barclays internet banking. I bank in the TRHC with Turkbank & you can pay in a UK cheque. It takes a month to clear, but costs nothing. I know that at HSBC it takes slightly longer & there is a charge for doing so.

ukturk



Joined: 01/09/2007
Posts: 1974

Message Posted:
23/05/2008 11:17

hi sunnyday

i not sure if you know this turkish bank has a few branches located in the u.k in london and they have internet banking which you can transfer your money from the u.k to north cyprus and you can also access your accounts that you have in north cyprus thru the branches in the u.k but might have to open a sterling account with them in the u.k you can also pay your electric and water bills for your property in cyprus

http://www.turkishbank.com/

hope this helps

ukturk

mountbatten


Joined: 12/04/2008
Posts: 102

Message Posted:
23/05/2008 20:07

Ukturk,would you have the email address of the UK branch of turkish bank,i have tried,but can only find telephone or fax

janjin



Joined: 10/04/2008
Posts: 488

Message Posted:
23/05/2008 23:10

Mountbatten, if you click on the Turkishbank on the bottom right corner you eventually get to the addressess of English branches. I have also copied them off the site for you;

HEAD OFFICE & LONDON BRANCH

84 – 86 Borough High Street

London SE1 1LN

Tel: 020 74035656

Fax: 020 74077406

SWIFT CODE: TUBAGB2L





HARRINGAY BRANCH

577 Green Lanes

London N8 0RG

Tel: 020 83489600

Fax: 020 83486375





DALSTON BRANCH

121 Kingsland High Street

London E8 2PB

Tel: 020 79233339

Fax: 020 79233454





EDMONTON BRANCH

Unit 2A 92 – 94 Fore Street

London N18 2XA

Tel: 020 88878080

Fax: 020 88070701





PALMERS GREEN BRANCH

391 Green Lanes

London N13 4JG

Tel: 020 84476870

Fax: 020 89206830

mountbatten


Joined: 12/04/2008
Posts: 102

Message Posted:
24/05/2008 13:59

Thanks for that janjin,it was a email address i was looking for,enjoy your weekend

Brian

ukturk



Joined: 01/09/2007
Posts: 1974

Message Posted:
24/05/2008 14:12

hi mountbatten

i got a couple of email add for you, one of them is their customer care office musterisikayetleri@turkishbank.com and the other is general enquires query@turkishbank.com, im not sure if these offices are located in the u.k or its their head office in istanbul but you can ask them if they cant deal with your questions maybe they can put in the right direction

hope this helps

ukturk

mountbatten


Joined: 12/04/2008
Posts: 102

Message Posted:
24/05/2008 14:48

Thanks for that ukturk

Brian