Send Money from Germany to Turkey
Compare EUR → TRY exchange rates from top providers
AI Quick Verdict
As of March 25, 2026, the cheapest way to send money from Germany to Turkey is via Wise, costing $4.60 in fees with an exchange rate of 1 EUR = 51.47 TRY. Sending $1,000 delivers TRY 51,231.45 to your recipient in ~1 hour.
Compare EUR → TRY Rates
Best rate — they receive (TRY)
TRY 51,231.45
via Wise
Sending EUR 1,000 to Turkey
Updated Mar 25, 05:42 PM
| Provider | Exchange Rate | Fee | Speed | You Send | They Receive | |
|---|---|---|---|---|---|---|
WiseBest rate | 1 EUR = 51.47 TRY | $4.60 | ~1 hour | EUR 1,000 | TRY 51,231.45 | Send → |
RevolutRunner-up | 1 EUR = 51.31 TRY | $5.00 | ~1 day | EUR 1,000 | TRY 51,057.23 | Send → |
Remitly | 1 EUR = 50.70 TRY | $15.00 | ~3 hours | EUR 1,000 | TRY 49,935.73 | Send → |
WorldRemit | 1 EUR = 50.44 TRY | $13.99 | ~6 hours | EUR 1,000 | TRY 49,733.2 | Send → |
* Rates are indicative. Final rate confirmed at provider's checkout. RateCurb may earn a commission if you click and sign up.
7-Day Exchange Rate History
Rate per 1 unit of source currency → TRY
vs Traditional Banks
You save up to $75
on a EUR 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Germany is home to Europe's largest Turkish community, making the EUR to TRY corridor one of the continent's most active remittance routes. Whether you are supporting family, paying for property, or running a business, the provider you choose can mean the difference of hundreds of euros in lira received each year. This guide breaks down the real costs, fastest options, and smartest strategies for sending money from Germany to Turkey in 2026.
Our verdict: Use Wise or Remitly instead of your German bank — they deliver 3–8% more Turkish lira by charging transparent fees and passing on the real mid-market exchange rate.
Sending Money from Germany to Turkey: A Complete Guide for 2026
The EUR to TRY corridor is one of Europe's busiest remittance routes. Germany is home to over three million people of Turkish origin, making it the largest Turkish diaspora community in the world. Whether you are supporting family back home in Istanbul or Ankara, paying for property, covering education costs, or running a cross-border business, understanding how to transfer euros to Turkish lira efficiently can save you hundreds of euros every year.
Who Uses This Route and Why It Matters
Most transfers on this corridor fall into a few clear categories: regular family support payments, one-off large transfers for real estate purchases, and business payments. Because the Turkish lira has experienced significant volatility against the euro in recent years, even small differences in exchange rates translate into meaningful amounts of lira received. That makes rate awareness not just helpful — it is essential.
Understanding Hidden Fees: What to Look For
Banks and transfer services make money in two primary ways, and knowing both protects you from overpaying. The first is a flat transfer fee, clearly stated upfront. The second — and far more costly — is the exchange rate markup, where the provider quotes you a rate worse than the mid-market rate and pockets the difference silently. When sending €1,000, a 3% markup quietly costs you around €30 in lost lira. Always compare the rate you are offered against the real mid-market rate available on Google or XE.com at that exact moment. A provider charging a small flat fee but offering the mid-market rate will almost always be cheaper than a bank offering "zero fees" with a 4–5% rate markup hidden inside.
- Check the mid-market EUR/TRY rate before every transfer
- Add up the total cost: flat fee plus rate margin combined
- Ask explicitly whether the quoted rate includes any markup
- Compare the lira amount received, not just the fees charged
Why Digital Providers Beat Banks by a Wide Margin
Traditional German banks — including Deutsche Bank, Sparkasse, and Commerzbank — typically apply exchange rate markups of 3–8% on EUR to TRY transfers, on top of SWIFT fees that can range from €15 to €40 per transaction. Digital providers operate on fundamentally different economics. Wise uses the real mid-market rate and charges a transparent percentage fee, usually between 0.4% and 1.2% for this corridor. Remitly offers competitive rates and frequently runs promotional first-transfer deals. Revolut allows euro-to-lira transfers at interbank rates within monthly plan limits. WorldRemit provides reliable delivery to Turkish bank accounts with clear upfront pricing. Across all realistic transfer amounts, these platforms consistently deliver 3–8% more lira than high-street banks.
Transfer Speed: Instant vs. Economy Options
Most digital providers offer tiered speed options. Instant or express transfers — typically arriving within minutes to a few hours — cost slightly more but are worth it for urgent family needs or time-sensitive payments. Standard transfers arrive within one to three business days and usually carry lower fees, making them the smarter choice for regular scheduled remittances where timing is flexible. If you send money monthly, scheduling economy transfers on a fixed date each month is the most cost-effective approach.
Regulatory and Tax Considerations
From the German side, there are no restrictions on sending euros abroad for personal purposes, though transfers above €12,500 may require declaration under EU anti-money laundering reporting requirements. From the Turkish side, recipients do not pay income tax on incoming remittances from family members. However, Turkey's Banking Regulation and Supervision Agency (BDDK) monitors large inflows, and Turkish banks may request documentation for transfers exceeding certain thresholds. For property purchases, using a licensed currency exchange or bank transfer is legally required in Turkey.
Practical Tips to Maximise Your Transfer Value
- Transfer earlier in the week — Monday and Tuesday often see better EUR/TRY liquidity than Fridays
- Use Wise or Remitly's rate alert feature to lock in transfers when the rate spikes favourably
- Consolidate smaller payments into fewer, larger transfers to reduce per-transaction flat fees
- For amounts above €10,000, compare Wise Business and Remitly against currency brokers like Moneycorp, who offer dedicated rate negotiation
- Always verify your recipient's IBAN carefully — Turkish IBANs are 26 characters long starting with TR
- Keep records of all transfers, particularly for Turkish property or business transactions
Choosing the right provider and understanding the true cost of currency conversion makes a measurable difference on the EUR to TRY route. With the lira's ongoing fluctuation, every percentage point matters — and digital platforms give you the tools to keep more of your money where it belongs.
Frequently Asked Questions
What is the best EUR to TRY exchange rate?
The best EUR to TRY rate available to consumers is the mid-market rate, which you can check in real time on Google or XE.com. Wise consistently offers rates closest to this benchmark, typically adding only a 0.4–1.2% fee rather than the 4–8% markup charged by most German banks.
How long does it take to send money from Germany to Turkey?
With digital providers like Wise or Remitly, most EUR to TRY transfers arrive in Turkish bank accounts within a few hours to one business day when using the express option. Economy transfers typically take one to three business days and cost slightly less, making them ideal for regular non-urgent remittances.
What are the fees for sending money from Germany to Turkey?
Wise charges approximately 0.4–1.2% of the transfer amount with no hidden rate markup, making it one of the cheapest options for this corridor. German banks typically charge a flat SWIFT fee of €15–€40 plus a 4–8% exchange rate margin, meaning the true cost on a €500 transfer could exceed €50 when using a traditional bank.
Is it safe to use online money transfer services?
Yes — providers like Wise, Remitly, Revolut, and WorldRemit are fully regulated financial institutions licensed in Germany and the EU under strict anti-money laundering and consumer protection laws. Your funds are safeguarded in segregated accounts, and all four platforms have processed billions of euros in transfers with strong track records for security and reliability.
How to send money from Germany to Turkey
- 1Choose your provider — Compare rates above and pick the one with the best EUR to TRY rate.
- 2Create a free account — Most providers take under 5 minutes to verify your identity.
- 3Enter your recipient's details— You'll need their bank account number and routing information.
- 4Pay and track — Fund your transfer and track it in real time.