Sending money from Netherlands to Türkiye: the payments stack
Sending EUR 140 from Netherlands to Türkiye cost 8.14% of the amount on average in Q3 2025, across 23 services in the World Bank's Remittance Prices Worldwide survey. Payouts in Türkiye typically run over FAST (Instant and Continuous Transfer of Funds), EFT and EMKT; between now and the end of 2027 there are 3 weekdays when banks in Netherlands are closed but Türkiye keeps paying out, so the payout balance has to be funded before them.
| Average cost to send | 8.14% of EUR 140 (Q3 2025, World Bank RPW) source |
| Money transfer operators | 4.88% across 19 services |
| Banks | 23.61% across 4 services |
| Collect in Netherlands | SEPA Instant Credit Transfer (SCT Inst), TIPS (TARGET Instant Payment Settlement), T2 (RTGS and CLM), SEPA Credit Transfer (SCT), CENTROlink |
| Pay out in Türkiye | FAST (Instant and Continuous Transfer of Funds), EFT and EMKT |
What it costs to send EUR 140
The World Bank surveyed 23 services sending from Netherlands to Türkiye from 8 August 2025 to 22 August 2025. The average total cost, fees plus the FX margin, was 8.14% of the amount sent; money transfer operators averaged 4.88% and banks 23.61%. source
Bank and operator averages are worked out from the survey's provider types.
The send side: Netherlands
- PSD2 sets initial capital for payment institutions at 20,000 euros for money remittance only, 50,000 euros for payment initiation and 125,000 euros for the services in points 1 to 5 of Annex I (Article 7). source
- An e-money institution must hold initial capital of at least 350,000 euros at authorisation (EMD2, Article 4). source
- A payment institution that wants to provide services in another Member State for the first time notifies its home competent authority of the Member States, the services and any agents or branches it will use (PSD2, Article 28); agents are entered in the home register before they start (Article 19). source
Licences, sponsor banks, collections, ramps and KYC providers: sending from the Eurozone.
The payout side: Türkiye
| Payout partner | What it does in Türkiye | Source |
|---|---|---|
| Thunes · our guide | Money transfer API supports TRY direct bank transfers to Türkiye cleared through FAST, to TRY-denominated accounts only with strict beneficiary name matching, plus mobile wallet transfers. | source |
| TerraPay · our guide | Its network page lists Turkey for bank payouts in TRY, USD and EUR. | source |
| dLocal · our guide | Payouts API sends bank transfers by IBAN and wallet transfers in Türkiye for B2C, B2B and P2P flows, funded in TRY or USD and always paid to the beneficiary in local currency. | source |
| Nium · our guide | Pays TRY to all banks in Türkiye from a listed set of remitter countries: transactions below TRY 300,000 go through FAST 24/7 in real time and larger ones in real time subject to a 16:00 Türkiye time cut-off, up to TRY 3,000,000 per transaction. | source |
| UPT | Aktif Bank's money transfer and payment platform, operating in 14 countries and providing transfers to Türkiye and between countries through more than 200 business partners. | source |
Licensing, local banks, stablecoin ramps, FX and KYC in Türkiye: launching payments in Türkiye.
Payout rails in Türkiye
| Rail | Operator | What matters for payouts | Source |
|---|---|---|---|
| FAST (Instant and Continuous Transfer of Funds) | Central Bank of the Republic of Türkiye | Instant payment system launched on 8 January 2021; since 26 August 2026 its limit for money transfers and Request-to-Pay payments is TRY 300,000 per transaction, up from TRY 100,000. | source |
| EFT and EMKT | Central Bank of the Republic of Türkiye | CBRT payment systems operate on weekdays, except public holidays, from 08:30 to 17:30, and until 13:00 on half working days; FAST, a separate system, accepts payment orders 7x24 and completes them within seconds. | source |
Holiday gaps to plan for, to December 2027
Weekdays when one side of the corridor is closed. On the 3 dates when Netherlands is closed and Türkiye is open, the payout balance has to already hold enough to cover them. On the 10 dates when Türkiye is closed, instant rails may still pay out.
| Date | Netherlands | Türkiye | What it means |
|---|---|---|---|
| Fri 25 Dec 2026 | Christmas Day | Open | Prefund Türkiye the day before: no funding from Netherlands, payouts continue |
| Fri 1 Jan 2027 | New Year's Day | New Year's Day | Both closed |
| Tue 9 Mar 2027 | Open | Ramadan Feast (day 1) | Türkiye banks closed: only always-on rails pay out |
| Wed 10 Mar 2027 | Open | Ramadan Feast (day 2) | Türkiye banks closed: only always-on rails pay out |
| Thu 11 Mar 2027 | Open | Ramadan Feast (day 3) | Türkiye banks closed: only always-on rails pay out |
| Fri 26 Mar 2027 | Good Friday | Open | Prefund Türkiye the day before: no funding from Netherlands, payouts continue |
| Mon 29 Mar 2027 | Easter Monday | Open | Prefund Türkiye the day before: no funding from Netherlands, payouts continue |
| Fri 23 Apr 2027 | Open | National Sovereignty and Children's Day | Türkiye banks closed: only always-on rails pay out |
| Mon 17 May 2027 | Open | Feast of Sacrifice (day 2) | Türkiye banks closed: only always-on rails pay out |
| Tue 18 May 2027 | Open | Feast of Sacrifice (day 3) | Türkiye banks closed: only always-on rails pay out |
| Wed 19 May 2027 | Open | Feast of Sacrifice (day 4) and Commemoration of Atatürk, Youth and Sports Day | Türkiye banks closed: only always-on rails pay out |
| Thu 15 Jul 2027 | Open | Democracy and National Unity Day | Türkiye banks closed: only always-on rails pay out |
| Mon 30 Aug 2027 | Open | Victory Day | Türkiye banks closed: only always-on rails pay out |
| Fri 29 Oct 2027 | Open | Republic Day | Türkiye banks closed: only always-on rails pay out |
Full calendars: Euro area (TARGET2/T2 and SEPA) and Türkiye. Size the buffer with the corridor runway calculator.
Funding the corridor
- At the Bundesbank, T2 RTGS accepts customer payments from 02:30 to 17:00 and bank-to-bank payments from 02:30 to 18:00 on business days, so non-instant euro funding must be sent within those windows. source
- T2 has a non-optional maintenance window every week from 02:30 Saturday to 02:30 Monday, extended over TARGET closing days (for example from Good Friday to the Tuesday after Easter); when the optional weekday window (03:00 to 05:00) is activated, settlement of liquidity transfers in TIPS is affected while TIPS keeps processing instant payments. source
- FAST transfers are capped at TRY 300,000 each since 26 August 2026 (TRY 100,000 before), so larger payouts depend on EFT. source
- EFT and the other CBRT payment systems run only on weekdays outside public holidays, from 08:30 to 17:30 and until 13:00 on half working days, while FAST runs 7x24. source
- In the CBRT's TRY-against-FX market, open to banks from 10:00 to 12:00 and 13:00 to 15:30 with a minimum of US$1,000,000 or EUR 1,000,000, US dollar trades can settle same day, next day or spot, and euro trades next day or spot. source
Running the corridor
Polynopsis shows every balance on both sides of this corridor in one live position: the collection accounts in Netherlands, the payout partners and banks in Türkiye and any stablecoin in between. It warns before the Türkiye balance runs dry, holidays included. See how it works.
Frequently asked questions
How much does it cost to send money from Netherlands to Türkiye?
The World Bank's survey put the average total cost of sending EUR 140 at 8.14% in Q3 2025, across 23 services. Money transfer operators averaged 4.88%.
Which rails pay out in Türkiye?
Local payouts run over FAST (Instant and Continuous Transfer of Funds), EFT and EMKT.
When do I need to prefund Türkiye payouts ahead of holidays?
Between now and December 2027 there are 3 weekdays when Netherlands is closed and Türkiye is open, the first on Fri 25 Dec 2026. The payout balance has to cover those days before they start.
Related corridors
Sources
- World Bank, Remittance Prices Worldwide dataset · World Bank
- T2 (opening hours and closing days) · European Central Bank
- TARGET Systems operating schedule, euro · European Central Bank
- 2027 Yılı Resmi Tatil Günleri (official holidays 2027) · Presidency of Religious Affairs (Diyanet)
- 2027 Dini Günler Listesi (religious days 2027) · Presidency of Religious Affairs (Diyanet)
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator