Payment rail · Türkiye
Payment rail · TürkiyeWhat is EFT in Türkiye?
The EFT System — Elektronik Fon Transferi — is the Central Bank of the Republic of Türkiye’s system for real-time gross settlement of lira interbank payments, developed and operated in-house by the central bank. Poplin pays out to Türkiye over EFT, settling the same business day at the latest.
Source: Central Bank of the Republic of Türkiye (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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Which rail reaches your recipient?
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A payout to Türkiye clears fastest over
FAST
settles in real time · 0.75% + $1.00 on a business account
Also reaches TRY accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over EFT — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — Türkiye
Paid out in
TRY
Turkish lira
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How EFT payouts move.
From your US-dollar balance to an account in Türkiye — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Turkish Lira at the mid-market rate — no markup added.
Cleared over EFT
Poplin clears the payout over EFT, Türkiye’s lira settlement system.
Arrives inside the window
EFT settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where EFT reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
EFT — FAQ
Basics
What is EFT in Türkiye?
The EFT System — Elektronik Fon Transferi — is the Central Bank of the Republic of Türkiye’s system for real-time gross settlement of lira interbank payments, developed and operated in-house by the central bank. Poplin pays out to Türkiye over EFT, settling the same business day at the latest.
Speed
How long do EFT payouts take in Türkiye?
Over EFT, Poplin payouts settle the same business day. Payments leave your account in seconds; EFT then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money to Türkiye over EFT with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Does Poplin pay out to Türkiye over EFT?
EFT is how Poplin pays out to Türkiye, in TRY. Poplin also reaches Türkiye over FAST (TRY) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Türkiye over EFT.
Open a US-dollar account in minutes. No monthly fees.