Remitting from Germany to Turkey

The following table shows how much it costs to remit money from Germany To Turkey. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009 | First quarter 2009 | 2008

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140350

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Western Union	MTO	5.00	0.00	3.57	5.00	Less than one hour	Nationwide	Sep 23, 2009
Halk Bank	Bank	6.00	0.00	4.29	6.01	2 days	Nationwide	Sep 23, 2009
Oyak Anker Bank*	Bank	6.00	*0.00	*4.29	*6.01	Less than one hour	Nationwide	Sep 23, 2009
Ziraat Bank International	Bank	6.00	0.08	4.37	6.12	Less than one hour	Nationwide	Sep 23, 2009
Postbank*	Bank	8.00	*0.00	*5.71	*7.99	3-5 days	Nationwide	Sep 23, 2009
Western Union	MTO	5.00	2.37	5.94	8.32	Less than one hour	Nationwide	Sep 23, 2009
Isbank	Bank	6.00	2.68	6.97	9.76	Less than one hour	Nationwide	Sep 23, 2009
MoneyGram	MTO	13.00	0.00	9.29	13.01	Less than one hour	Nationwide	Sep 23, 2009
HypoVereinsbank	Bank	25.00	0.00	17.86	25.00	6 days or more	Nationwide	Sep 23, 2009
Bank Average		9.50	0.46	7.25	10.15
MTO Average		7.67	0.79	6.27	8.78
Total Average		8.89	0.57	6.92	9.69
Total Average in First Quarter 2009		12.56	1.24	10.54	14.76

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Halk Bank	Bank	6.00	0.00	1.71	5.98	2 days	Nationwide	Sep 23, 2009
Oyak Anker Bank*	Bank	6.00	*0.00	*1.71	*5.98	Less than one hour	Nationwide	Sep 23, 2009
Ziraat Bank International	Bank	6.00	0.08	1.80	6.30	Less than one hour	Nationwide	Sep 23, 2009
Postbank*	Bank	8.00	*0.00	*2.29	*8.02	3-5 days	Nationwide	Sep 23, 2009
Western Union	MTO	9.00	0.00	2.57	8.99	Less than one hour	Nationwide	Sep 23, 2009
Isbank	Bank	6.00	2.74	4.45	15.58	Less than one hour	Nationwide	Sep 23, 2009
Western Union	MTO	9.00	2.37	4.94	17.29	Less than one hour	Nationwide	Sep 23, 2009
MoneyGram	MTO	23.50	0.00	6.71	23.48	Less than one hour	Nationwide	Sep 23, 2009
HypoVereinsbank	Bank	25.00	0.00	7.14	24.99	6 days or more	Nationwide	Sep 23, 2009
Bank Average		9.50	0.47	3.18	11.13
MTO Average		13.83	0.79	4.74	16.59
Total Average		10.94	0.58	3.70	12.95
Total Average in First Quarter 2009		13.78	1.24	5.41	18.93

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Western Union	MTO	7.14	0.00	3.57	7.14	Less than one hour	Nationwide	Sep 23, 2009
Halk Bank	Bank	8.57	0.00	4.29	8.58	2 days	Nationwide	Sep 23, 2009
Oyak Anker Bank*	Bank	8.57	*0.00	*4.29	*8.58	Less than one hour	Nationwide	Sep 23, 2009
Ziraat Bank International	Bank	8.57	0.08	4.37	8.74	Less than one hour	Nationwide	Sep 23, 2009
Postbank*	Bank	11.43	*0.00	*5.71	*11.42	3-5 days	Nationwide	Sep 23, 2009
Western Union	MTO	7.14	2.37	5.94	11.88	Less than one hour	Nationwide	Sep 23, 2009
Isbank	Bank	8.57	2.68	6.97	13.94	Less than one hour	Nationwide	Sep 23, 2009
MoneyGram	MTO	18.57	0.00	9.29	18.58	Less than one hour	Nationwide	Sep 23, 2009
HypoVereinsbank	Bank	35.71	0.00	17.86	35.72	6 days or more	Nationwide	Sep 23, 2009
Bank Average		13.57	0.46	7.25	14.50
MTO Average		10.95	0.79	6.27	12.54
Total Average		12.70	0.57	6.92	13.84
Total Average in First Quarter 2009		18.60	1.24	10.54	21.08

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Halk Bank	Bank	8.57	0.00	1.71	8.55	2 days	Nationwide	Sep 23, 2009
Oyak Anker Bank*	Bank	8.57	*0.00	*1.71	*8.55	Less than one hour	Nationwide	Sep 23, 2009
Ziraat Bank International	Bank	8.57	0.08	1.80	9.00	Less than one hour	Nationwide	Sep 23, 2009
Postbank*	Bank	11.43	*0.00	*2.29	*11.45	3-5 days	Nationwide	Sep 23, 2009
Western Union	MTO	12.86	0.00	2.57	12.85	Less than one hour	Nationwide	Sep 23, 2009
Isbank	Bank	8.57	2.74	4.45	22.25	Less than one hour	Nationwide	Sep 23, 2009
Western Union	MTO	12.86	2.37	4.94	24.70	Less than one hour	Nationwide	Sep 23, 2009
MoneyGram	MTO	33.57	0.00	6.71	33.55	Less than one hour	Nationwide	Sep 23, 2009
HypoVereinsbank	Bank	35.71	0.00	7.14	35.70	6 days or more	Nationwide	Sep 23, 2009
Bank Average		13.57	0.47	3.18	15.90
MTO Average		19.76	0.79	4.74	23.70
Total Average		15.63	0.58	3.70	18.50
Total Average in First Quarter 2009		20.88	1.24	5.41	27.05

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Oyak Anker Bank	Bank	5.00	0.57	4.28	5.78	Next day	Nationwide	Feb 12, 2009
Ziraat Bank International	Bank	6.00	0.57	5.02	6.78	Less than one hour	Nationwide	Feb 12, 2009
Halk Bank	Bank	6.00	1.05	5.49	7.41	2 days	Nationwide	Feb 12, 2009
Western Union	MTO	5.00	2.34	6.05	8.17	Less than one hour	Nationwide	Feb 12, 2009
Postbank	Bank	8.50	0.00	6.30	8.51	3-5 days	Nationwide	Feb 10, 2009
Isbank	Bank	6.00	2.93	7.38	9.96	Next day	Nationwide	Feb 12, 2009
MoneyGram	MTO	14.00	1.56	11.93	16.11	Less than one hour	Nationwide	Feb 12, 2009
Frankfurter Sparkasse	Bank	25.00	1.05	19.56	26.41	6 days or more	Nationwide	Feb 12, 2009
HypoVereinsbank	Bank	37.50	1.05	28.82	38.91	6 days or more	Nationwide	Feb 12, 2009
Bank Average		13.43	1.03	10.98	14.82
MTO Average		9.50	1.95	8.99	12.14
Total Average		12.56	1.24	10.54	14.23
Total Average in 2008		11.17	2.33	10.60	14.31

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Oyak Anker Bank	Bank	5.00	0.57	2.09	6.90	Next day	Nationwide	Feb 12, 2009
Ziraat Bank International	Bank	6.00	0.57	2.39	7.89	Less than one hour	Nationwide	Feb 12, 2009
Postbank	Bank	8.50	0.00	2.58	8.51	3-5 days	Nationwide	Feb 10, 2009
Halk Bank	Bank	6.00	1.05	2.86	9.44	2 days	Nationwide	Feb 12, 2009
Isbank	Bank	6.00	2.93	4.75	15.68	Next day	Nationwide	Feb 12, 2009
Western Union	MTO	9.00	2.34	5.07	16.73	Less than one hour	Nationwide	Feb 12, 2009
MoneyGram	MTO	21.00	1.56	7.93	26.17	Less than one hour	Nationwide	Feb 12, 2009
Frankfurter Sparkasse	Bank	25.00	1.05	8.62	28.45	6 days or more	Nationwide	Feb 12, 2009
HypoVereinsbank	Bank	37.50	1.05	12.41	40.95	6 days or more	Nationwide	Feb 12, 2009
Bank Average		13.43	1.03	5.10	16.83
MTO Average		15.00	1.95	6.50	21.45
Total Average		13.78	1.24	5.41	17.85
Total Average in 2008		11.17	2.33	5.71	18.84

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Oyak Anker Bank	Bank	7.41	0.57	4.28	8.56	Next day	Nationwide	Feb 12, 2009
Ziraat Bank International	Bank	8.89	0.57	5.02	10.04	Less than one hour	Nationwide	Feb 12, 2009
Halk Bank	Bank	8.89	1.05	5.49	10.98	2 days	Nationwide	Feb 12, 2009
Western Union	MTO	7.41	2.34	6.05	12.10	Less than one hour	Nationwide	Feb 12, 2009
Postbank	Bank	12.59	0.00	6.30	12.60	3-5 days	Nationwide	Feb 10, 2009
Isbank	Bank	8.89	2.93	7.38	14.76	Next day	Nationwide	Feb 12, 2009
MoneyGram	MTO	20.74	1.56	11.93	23.86	Less than one hour	Nationwide	Feb 12, 2009
Frankfurter Sparkasse	Bank	37.04	1.05	19.56	39.12	6 days or more	Nationwide	Feb 12, 2009
HypoVereinsbank	Bank	55.56	1.05	28.82	57.64	6 days or more	Nationwide	Feb 12, 2009
Bank Average		19.89	1.03	10.98	21.96
MTO Average		14.07	1.95	8.99	17.98
Total Average		18.60	1.24	10.54	21.08
Total Average in 2008		16.54	2.33	10.60	21.20

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Oyak Anker Bank	Bank	7.58	0.57	2.09	10.45	Next day	Nationwide	Feb 12, 2009
Ziraat Bank International	Bank	9.09	0.57	2.39	11.95	Less than one hour	Nationwide	Feb 12, 2009
Postbank	Bank	12.88	0.00	2.58	12.90	3-5 days	Nationwide	Feb 10, 2009
Halk Bank	Bank	9.09	1.05	2.86	14.30	2 days	Nationwide	Feb 12, 2009
Isbank	Bank	9.09	2.93	4.75	23.75	Next day	Nationwide	Feb 12, 2009
Western Union	MTO	13.64	2.34	5.07	25.35	Less than one hour	Nationwide	Feb 12, 2009
MoneyGram	MTO	31.82	1.56	7.93	39.65	Less than one hour	Nationwide	Feb 12, 2009
Frankfurter Sparkasse	Bank	37.88	1.05	8.62	43.10	6 days or more	Nationwide	Feb 12, 2009
HypoVereinsbank	Bank	56.82	1.05	12.41	62.05	6 days or more	Nationwide	Feb 12, 2009
Bank Average		20.35	1.03	5.10	25.50
MTO Average		22.73	1.95	6.50	32.50
Total Average		20.88	1.24	5.41	27.05
Total Average in 2008		16.92	2.33	5.71	28.55

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Ziraat Bank International	Bank	5.00	0.17	3.87	5.22	7-10 days	-	May 21, 2008
Halk Bank	Bank	6.00	-0.35	4.10	5.54	1-2 days	-	May 21, 2008
Isbank	Bank	6.00	1.21	5.65	7.63	7-10 days	-	May 21, 2008
Oyak Anker Bank	Bank	5.00	2.76	6.46	8.72	Up to 1 day	-	May 21, 2008
Frankfurter Sparkasse	Bank	12.50	7.93	17.19	23.21	7-15 days	-	May 21, 2008
HypoVereinsbank	Bank	32.50	2.24	26.31	35.52	7-10 days	-	May 21, 2008
Bank Average		11.17	2.33	10.60	14.31
Total Average		11.17	2.33	10.60	14.31
First Quarter 2009		12.56	1.24	10.54	14.23

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Halk Bank	Bank	6.00	-0.35	1.47	4.85	1-2 days	-	May 21, 2008
Ziraat Bank International	Bank	5.00	0.17	1.69	5.58	7-10 days	-	May 21, 2008
Isbank	Bank	6.00	1.21	3.02	9.97	7-10 days	-	May 21, 2008
Oyak Anker Bank	Bank	5.00	2.76	4.27	14.09	Up to 1 day	-	May 21, 2008
Frankfurter Sparkasse	Bank	12.50	7.93	11.72	38.68	7-15 days	-	May 21, 2008
HypoVereinsbank	Bank	32.50	2.24	12.09	39.90	7-10 days	-	May 21, 2008
Bank Average		11.17	2.33	5.71	18.84
Total Average		11.17	2.33	5.71	18.84
First Quarter 2009		13.78	1.24	5.41	17.85

Corridor note

A negative exchange rate margin may be due to a promotion/special offer that the RSP had on at the time the information was collected.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Ziraat Bank International	Bank	7.41	0.17	3.87	7.74	7-10 days	-	May 21, 2008
Halk Bank	Bank	8.89	-0.35	4.10	8.20	1-2 days	-	May 21, 2008
Isbank	Bank	8.89	1.21	5.65	11.30	7-10 days	-	May 21, 2008
Oyak Anker Bank	Bank	7.41	2.76	6.46	12.92	Up to 1 day	-	May 21, 2008
Frankfurter Sparkasse	Bank	18.52	7.93	17.19	34.38	7-15 days	-	May 21, 2008
HypoVereinsbank	Bank	48.15	2.24	26.31	52.62	7-10 days	-	May 21, 2008
Bank Average		16.54	2.33	10.60	21.20
Total Average		16.54	2.33	10.60	21.20
First Quarter 2009		18.60	1.24	10.54	21.08

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Halk Bank	Bank	9.09	-0.35	1.47	7.35	1-2 days	-	May 21, 2008
Ziraat Bank International	Bank	7.58	0.17	1.69	8.45	7-10 days	-	May 21, 2008
Isbank	Bank	9.09	1.21	3.02	15.10	7-10 days	-	May 21, 2008
Oyak Anker Bank	Bank	7.58	2.76	4.27	21.35	Up to 1 day	-	May 21, 2008
Frankfurter Sparkasse	Bank	18.94	7.93	11.72	58.60	7-15 days	-	May 21, 2008
HypoVereinsbank	Bank	49.24	2.24	12.09	60.45	7-10 days	-	May 21, 2008
Bank Average		16.92	2.33	5.71	28.55
Total Average		16.92	2.33	5.71	28.55
First Quarter 2009		20.88	1.24	5.41	27.05

Corridor note

A negative exchange rate margin may be due to a promotion/special offer that the RSP had on at the time the information was collected.

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