"Turkey’s Money Transfer Fees Rise in 2025: Here Are the New Rates"

At the beginning of 2025, Turkish banks announced new increases in money transfer (EFT) fees, which may impact investors and property owners.
According to a report by NTV, as published on "Turkey Now," EFT fees have risen by 44.38%, and the new rates are now in effect.

Details of the new fees:

• For transfers up to 6,300 TRY: Fees increased from 4.43 TRY to 6.39 TRY.
• For transfers between 6,300 and 304,800 TRY: Fees rose from 8.86 TRY to 12.79 TRY.
• For transfers above 304,800 TRY: Fees are now 159.97 TRY.

These changes may impact transaction costs for real estate deals, particularly for investors transferring large sums. We recommend consulting your preferred bank for more details.

 Source: Turkey Now