Banking
Moderators: Soner, Dragon, PoshinDevon
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- Kibkommer
- Posts: 95
- Joined: Fri 11 Mar 2016 6:07 pm
Banking
Do the banks in TRNC have the safety net in the eventuality of bank collapsing, UK banks have a Personal Savings Protection cover up to £75,000.
Has anyone got a bank preference in TRNC i.e Credit West, Turkish Bank, also one the pays in sterling from ATM, I know Garanti & HSBC have this facility.
Any information would be of help
Thank you
Has anyone got a bank preference in TRNC i.e Credit West, Turkish Bank, also one the pays in sterling from ATM, I know Garanti & HSBC have this facility.
Any information would be of help
Thank you
Poppy+1
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- Kibkommer
- Posts: 721
- Joined: Sat 20 Oct 2012 3:31 pm
Re: Banking
Iktisat's accounts are covered to £20k per account so just open multiple accounts , to cover yourself, why payment in Sterling though ?, 90% of my out goings are in TL
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- Kibkommer
- Posts: 5119
- Joined: Sat 07 Apr 2012 11:22 am
Re: Banking
TEB bank in town have a sterling option at their ATM. My uk bank charge a hefty fee if I withdraw lira.
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- Kibkommer
- Posts: 148
- Joined: Sat 10 May 2014 12:21 am
Re: Banking
Each account is covered to 20000 euros (not GBP) by the Central Bank of the TRNC. Information from the Central Banks web site.
regards Mike Turner
regards Mike Turner
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- Kibkommer
- Posts: 332
- Joined: Fri 12 Feb 2016 1:12 pm
Re: Banking
Capitalbank is also €20000 and once again you just open as many accounts as you want up to that amount.
Happy hunting.
Happy hunting.
"The man who moves a mountain begins by carrying away small stones."
- LooseBoots
- Kibkommer
- Posts: 1180
- Joined: Sun 08 Apr 2012 8:16 am
Re: Banking
Someone mentioned the ATM. I know we used our UK card to withdraw Sterling from HSBC. Then one day we decided to transfer a larger amount by transfer and Girne branch charged us for receiving money, even though it was branch to branch. Worth bearing in mind.
Always look on the Bright side of life. Monty Python - Life of Brian.
Be nice to one another.Reporting from Portugal
Be nice to one another.Reporting from Portugal
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- Kibkommer
- Posts: 95
- Joined: Fri 11 Mar 2016 6:07 pm
Re: Banking
Many thanks for your replies.
It's good to know what bit of money we have is covered, at the moment no need for multiple accounts.
Where is Istisbank and Teb please.
Poppy+1
It's good to know what bit of money we have is covered, at the moment no need for multiple accounts.
Where is Istisbank and Teb please.
Poppy+1
Poppy+1
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- Kibkommer
- Posts: 5119
- Joined: Sat 07 Apr 2012 11:22 am
Re: Banking
TEB is in the town center on the right hand side before the roundabout that leads to the wednesday market.
- Keithcaley
- Verified Member
- Posts: 8083
- Joined: Sat 21 Apr 2012 6:00 pm
Re: Banking
Worth mentioning that HSBC machines will also dispense Sterling without a surcharge - but you do need to check that your UK bank won't charge you either!
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- Kibkommer
- Posts: 148
- Joined: Sat 10 May 2014 12:21 am
Re: Banking
Keith,
My English bank (HSBC PLC) charges me for taking cash (GBP) out off the HSBC ATM
Taking Euros out using my German visa is free.
regards Mike Turner
My English bank (HSBC PLC) charges me for taking cash (GBP) out off the HSBC ATM
Taking Euros out using my German visa is free.
regards Mike Turner
- Keithcaley
- Verified Member
- Posts: 8083
- Joined: Sat 21 Apr 2012 6:00 pm
Re: Banking
I take it that that is a Visa Debit (not Credit) card?Bowman wrote:Keith,
My English bank (HSBC PLC) charges me for taking cash (GBP) out off the HSBC ATM
Taking Euros out using my German visa is free.
regards Mike Turner
My UK Visa Debit card doesn't charge for GBP withdrawals.
p.s. Hi Mike - I just realised who you are!!!
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- Kibkommer
- Posts: 804
- Joined: Tue 24 Apr 2012 9:23 am
Re: Banking
My Nationwide flex account doesn't charge for GBP withdrawals but does if I withdraw TL.
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- Kibkommer
- Posts: 11
- Joined: Fri 22 Jan 2016 6:50 pm
Re: Banking
Koop bank in Girne is good, only 3 days for money to go in account from U.K...