Last reviewed: · Curated by Ohmyfin Organisation editorial.
While the dominant remittance flow is Germany-to-Turkey (from the large Turkish diaspora in Germany), the reverse lane is significant: Turkish businesses, students, and professionals send TRY-to-EUR payments for trade invoices, tuition, and family support to Germany. TRY has experienced severe depreciation, creating both FX conversion challenges and a strong incentive for Turks to hold EUR. TRY payments route from Turkish banks (Ziraat, İş Bankası, Garanti BBVA) via FAST and SWIFT to a German bank, settling via TARGET2 or SEPA SCT. TRY-to-EUR conversion at volatile interbank rates is the main complexity. BaFin applies German AML controls. Track your UETR on Ohmyfin.
Settlement path: FAST (TCMB) → TARGET2 / SEPA. Currency pair: TRY → EUR.
The three most common causes of delay on this corridor are: (1) TRY-to-EUR FX conversion volatility — Turkish lira has experienced significant depreciation, (2) TCMB / BDDK compliance requirements for outward large-value TRY transfers, and (3) BaFin / Bundesbank AML controls on Turkey-origin transfers in Germany.
If the payment has not arrived within 3 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC shown on the Ohmyfin GPI tracker.
Most SWIFT transfers on the Turkey–Germany corridor credit the beneficiary within 1 business day. In 95% of cases the payment arrives within 3 business days. The most common delay is try-to-eur fx conversion volatility — turkish lira has experienced significant depreciation.
The three most common delay causes are: TRY-to-EUR FX conversion volatility — Turkish lira has experienced significant depreciation; TCMB / BDDK compliance requirements for outward large-value TRY transfers; BaFin / Bundesbank AML controls on Turkey-origin transfers in Germany.
Track the UETR on Ohmyfin — the GPI status shows exactly which bank is holding the payment. If delayed beyond 3 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC.
The dominant settlement path is FAST (TCMB) → TARGET2 / SEPA. The currency pair is TRY → EUR.
No card needed. Free for ordinary users — completely free for individuals — no daily limit, no card required. Track any international wire across 11,000+ banks.
Track a payment now — completely free Or try the tracker now →