In this article, you'll discover whether Remitly works in Turkey, explore some potential drawbacks if it is available, and consider the possibilities it offers for sending money to the country.
Does Remitly Work In Turkey?
Remitly operates in Turkey, allowing users to send money to the country. The service supports transfers to Turkish lira (TRY) and offers options for cash pickup or direct deposits into bank accounts, including Türkiye İş Bankası.
Users can access Remitly's services by downloading the app, selecting Turkey as the destination, and choosing their preferred delivery method. The process is designed to be straightforward, ensuring that funds reach recipients efficiently and securely.
Fees and Charges for Using Remitly in Turkey
Here are some general costs that users might encounter when using Remitly in Turkey:
- Transaction Fees: These are charges applied for processing the money transfer. The amount can vary based on the transfer amount and the chosen delivery method.
- Currency Conversion Fees: When sending money in a different currency, a fee may be applied for converting the funds to Turkish lira (TRY). Remitly offers competitive exchange rates, which can help minimize these costs.
- Withdrawal Fees: If the recipient opts for cash pickup, there might be additional fees associated with withdrawing the money from certain locations or financial institutions.
Is Remitly the Best Option in Turkey?
Even though Remitly is available in Turkey, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- Sending limits: Users face restrictions on the amount they can send without additional identification.
- Exchange rates: While competitive, they may not always be the best available.
- Transaction fees: Fees can vary, potentially making transfers more expensive than other services.
- Withdrawal fees: Additional costs may apply for cash pickups at certain locations.
- Transfer speed: Although generally quick, delays can occur, affecting urgent transfers.
Alternatives to Remitly in Turkey
1) OneSafe
OneSafe is a leading alternative payment solution in Turkey, offering a seamless and user-friendly experience. With lower fees, efficient currency conversions, and robust customer support, OneSafe stands out as a superior option. Its quick onboarding and multi-currency support make it ideal for global businesses.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its comprehensive features, including ACH, Crypto, Wire deposits, and Virtual cards. Users have praised it as the best bank they have used, particularly noting its support for most businesses.
2) Wise
Wise offers a multi-currency account, enabling users to send and receive money globally with low fees. Key features include a Wise debit card for international transactions, fast transfer speeds, and robust security measures. These benefits make Wise a reliable and cost-effective payment solution in Turkey.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval.
Check out more Wise reviews here.
3) NOWPayments
NOWPayments is a versatile crypto payment gateway, making it a strong alternative payment solution in Turkey. Key features include support for over 300 cryptocurrencies, low transaction fees of 0.5%, fiat withdrawals, and instant payouts. Businesses benefit from 24/7 support and easy integration, ensuring seamless operations.
NOWPayments Reviews
NOWPayments has an overall rating of 3.8 out of 5 based on 402 reviews. Users have reported issues with refunds, account restrictions, and concerns about the company's policies and practices. Check out more NOWPayments reviews here.
Frequently Asked Questions about Remitly in Turkey
Can I send money to any bank in Turkey using Remitly?
Yes, Remitly supports transfers to most major banks in Turkey, including Türkiye İş Bankası.
How long does it take for money to arrive in Turkey?
Transfers typically take minutes, but can sometimes take up to one business day.
Are there any limits on how much I can send to Turkey?
Yes, sending limits apply and may require additional identification for higher amounts.
What are the fees for sending money to Turkey with Remitly?
Fees vary based on the transfer amount and delivery method, including transaction and conversion fees.
Is Remitly safe to use for sending money to Turkey?
Yes, Remitly uses robust security measures to ensure safe and secure money transfers.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Turkey is crucial for efficient and cost-effective transactions. While Remitly offers reliable services, exploring alternatives like OneSafe can provide better features and lower fees. OneSafe's comprehensive services make it a standout choice. Sign up to OneSafe today and experience seamless global payments.
