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Euro to lira, paid into a TR IBAN
Three groups send this way from Ireland. The largest is the people who bought an apartment on the Aegean coast in the years when Irish buyers were looking at Bodrum, Fethiye, Didim and Kuşadası, and who now have a running set of local bills in lira. Behind them is the small Turkish community here, and a steady trade in machinery, textiles and food between Irish importers and suppliers in Istanbul and Izmir.
Türkiye runs on IBANs, so the recipient detail you need is a Turkish IBAN of 26 characters. Grey pays lira into Ziraat Bankası, İş Bankası, Garanti BBVA, Akbank, Yapı Kredi and any other Turkish bank, and it lands as an ordinary domestic credit. The person at the other end does not need a Grey account.
The conversion happens once, on the Grey side. Nobody in Türkiye is asked to convert euro on arrival, and nothing is deducted from the lira figure you saw before confirming.
Three steps from euro in Ireland to lira in Türkiye
Sign up
Opening a Grey account is free and takes about five minutes, with a valid identity document such as a passport or an Irish driving licence.
Fund
Top up your euro balance by SEPA transfer from AIB, Bank of Ireland, Permanent TSB, An Post Money or a credit union, and leave it there until a Turkish bill is due.
Send
Paste the recipient's 26 character TR IBAN, check the euro to lira rate and the fee, then confirm. The lira is paid into that Turkish account.
What the transfer costs, and where it hides
On a currency that moves as much as the lira does, delay is itself a cost. A transfer that sits in a correspondent chain for three days can arrive worth noticeably less in real terms than it was worth when it left Ireland, even if nobody charged you anything extra for the wait. That is the part of the bill that never appears on a fee schedule.
Grey fixes the lira amount at confirmation and settles into the Turkish account, usually the same day where the balance is already funded. For a property owner paying a fixed annual charge, the useful comparison is not one transfer but a year of them, added up at the end.
Your lira figure is fixed when you tap send
The euro to lira rate you accept at confirmation is the rate applied. Between your confirmation in Ireland and settlement in Türkiye, Grey carries the movement, not you and not the person receiving it.
That certainty is the whole point when the amount was quoted to you in lira by somebody else: a site management company, a contractor, a school, a clinic or a supplier with an invoice date.
Grey against sending euro and letting a Turkish bank convert it
Irish banks quote lira rarely and price it accordingly, and the standard suggestion is to send euro and let the Turkish bank convert it at whatever rate applies on the day it lands. That shifts the cost onto the person receiving it and hides it from you completely. Grey quotes euro to lira directly, shows the fee beside it, and delivers lira into the TR IBAN.
What arrives in the Turkish account
A lira credit in the recipient's own Turkish bank, indistinguishable from a domestic transfer. There is nothing for them to sign up to or collect.
Any Turkish bank, by IBAN
Grey pays into Ziraat Bankası, İş Bankası, Garanti BBVA, Akbank, Yapı Kredi and every other Turkish bank from the 26 character IBAN.
Usually the same day
Transfers sent from a funded Grey balance typically settle in the Turkish account the same day.
GreyTag between Grey users
If the person in Türkiye also uses Grey, a GreyTag transfer is free and instant, in any currency.
Keeping the euro side ready
Payments to Türkiye tend to be predictable rather than urgent, which makes a standing balance the easiest arrangement.
Top up on payday
One SEPA transfer a month from your Irish current account, drawn down as Turkish bills come in.
Fund ahead of the season
Owners who visit in summer often move euro across in spring and settle the site charge, the utilities and the caretaker from it.
Use what is already there
A euro balance left from the last transfer goes towards the next one without a new top-up.
The TR IBAN is saved after the first payment, so the same management company or supplier is paid again in a few taps.
What Irish senders pay for in Türkiye
Costs on a coastal property
Site maintenance charges, local property tax, electricity and water, and the caretaker who checks the apartment in Didim or Kuşadası out of season.
Family in Türkiye
Regular lira transfers from the Turkish community in Ireland to relatives in Istanbul, Izmir, Ankara and the Anatolian provinces.
Suppliers and manufacturers
Irish importers paying Turkish workshops and factories in lira for textiles, furniture, machinery parts and food.
Treatment and travel costs
Deposits and balances quoted in lira by clinics and hotels, paid in advance from Ireland rather than on arrival.
Four uses account for most euro to lira traffic out of Ireland, and the first of them is unusually specific to this country pair.
Five reasons this route works better in lira
Payments to Türkiye from Ireland are rarely dramatic. They are the site charge that arrives every spring, the amount a family sends on the same date each month, the invoice a supplier issues on thirty day terms.
Euro funded from your Irish bank, lira delivered to a TR IBAN, usually the same day. Rate and fee shown first, nothing removed on the Turkish side.
FAQs
What details do I need to send lira to Türkiye?
A Turkish IBAN, 26 characters long. It identifies the bank and the account together, so no separate branch code is needed.
Which Turkish banks can Grey pay lira into?
Ziraat Bankası, İş Bankası, Garanti BBVA, Akbank, Yapı Kredi and any other bank in Türkiye that holds a TR IBAN.
How long does a transfer from Ireland to Türkiye take?
Transfers sent from a funded Grey balance usually settle in the Turkish account the same day, and you can track them until they land.
Can I pay the site maintenance charge on a Turkish apartment?
Yes. Owners on the Aegean coast routinely pay site charges, local taxes and utility bills in lira straight into the management company's IBAN.
Is it better to send euro and let the Turkish bank convert it?
That hands the conversion to whatever rate applies on arrival. Grey quotes euro to lira up front so the amount is settled before sending.
Does the recipient in Türkiye need a Grey account?
No. The lira arrives as an ordinary domestic credit in their own Turkish bank account, with nothing to install or claim.
Is the euro to lira rate fixed before I confirm?
Yes. The rate and fee appear before confirmation and the rate is fixed at that moment, so the lira amount cannot drift afterwards.
Can an Irish importer pay a Turkish supplier this way?
Yes. Paying textile, furniture and machinery suppliers in Istanbul and Izmir in lira is one of the steadier uses of this corridor.
Is Grey a bank if lira lands at Ziraat Bankası?
No. Grey is an authorised financial services provider working with regulated partners in the EU, and it settles through local Turkish banking rails.
Do I need euro on the balance before I can buy lira?
Yes. Move euro in by SEPA from AIB, Bank of Ireland, Permanent TSB, An Post Money or your credit union, and convert to lira when you send.
Can I send to Türkiye from a sterling or dollar balance?
Yes. Sterling or US dollars held on Grey convert to lira in one step, without being routed through euro first.
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