RateRunnertransfer cost ledger

Corridor EUR → TRY · Euro to Turkish lira

What does it cost to send euros to Turkey?

On 15 October 2026, the most a recipient in Turkey got for 1,000 EUR was 55,003.29 TRY via Instarem: a true cost of 7.99 EUR (0.80%) including fee and rate markup. The last of 15 quotes cost 13.58%.

Declaration · Form RR-1

Between 10 and 1,000,000. Snapshot bands: 200 / 1,000 / 5,000; other amounts are fetched live.

Quotes are indicative and come from Wise public comparison data, which lists Wise alongside banks and other services. Ranking is always by what the recipient gets.

Transfer cost receipt · EUR → TRY

Most to the recipient: Instarem transfer service

You send
1,000.00 EUR
Upfront fee
0.00 EUR
Amount converted
1,000.00 EUR
Rate given
55.0033
Mid-market when quoted
55.4465
Exchange-rate markup inside the rate
7.99 EUR 0.80%
True total cost
7.99 EUR 0.80%
Recipient gets
55,003.29 TRY

Picking the last quote in this ledger (BBVA) instead would leave the recipient 7,088.43 TRY short.

Snapshot indicative quotes retrieved 15 Oct 2026, 14:56 UTC. Quote collected 15 Oct 2026, 12:43 UTC. Source: Wise public comparison data.

Confirm the live quote on instarem.com

Plain link to the provider's official site. No commission.

Every quote for 1,000 EUR → TRY

Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.

ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 0.00 EUR 0.80% 7.99 EUR 0.80% 55,003.29 TRY best
2. Wiseservice 6.91 EUR 0.00% 6.91 EUR 0.69% 54,991.96 TRY −11.33 TRY
3. Western Unionservice 2.99 EUR 1.05% 13.47 EUR 1.35% 54,699.91 TRY −303.38 TRY
4. Remitlyservice 2.99 EUR 1.12% 14.17 EUR 1.42% 54,661.00 TRY −342.29 TRY
5. Banco Santander ESbank 2d old 0.00 EUR 1.80% 18.01 EUR 1.80% 54,447.96 TRY −555.33 TRY
6. Rabobankbank 16.00 EUR 0.24% 18.33 EUR 1.83% 54,430.27 TRY −573.02 TRY
7. OFXservice 10.00 EUR 2.06% 30.37 EUR 3.04% 53,762.83 TRY −1,240.46 TRY
8. ABN AMRO Bankbank 25.00 EUR 0.81% 32.92 EUR 3.29% 53,621.24 TRY −1,382.05 TRY
9. Commerzbankbank 15.00 EUR 3.02% 44.77 EUR 4.48% 52,964.17 TRY −2,039.12 TRY
10. Deutsche Bankbank 36.55 EUR 1.06% 46.81 EUR 4.68% 52,851.22 TRY −2,152.07 TRY
11. Sabadellbank 22.00 EUR 2.75% 48.89 EUR 4.89% 52,735.88 TRY −2,267.41 TRY
12. Sparkassebank 2d old 50.00 EUR 0.15% 51.40 EUR 5.14% 52,596.29 TRY −2,407.00 TRY
13. ING Germanybank 2d old 32.00 EUR 2.01% 51.50 EUR 5.15% 52,591.07 TRY −2,412.22 TRY
14. LaCaixabank 27.00 EUR 2.79% 54.18 EUR 5.42% 52,442.62 TRY −2,560.67 TRY
15. BBVAbank 2d old 6.00 EUR 13.06% 135.84 EUR 13.58% 47,914.86 TRY −7,088.43 TRY
Set aside, not ranked (2): see methodology
Moneygramcollected 50 h before retrieval1.99 EUR1.04%——54,758.02 TRY—
BNP Paribascollected 141 h before retrieval0.00 EUR1.34%——54,702.20 TRY—

Does the cheapest option change with the amount?

Best and worst true cost by amount, EUR → TRY. Retrieved 15 Oct 2026, 14:56 UTC.
You sendMost to recipientBest costWorst costRecipient gets (best)Gap best vs worstQuotes
200 EUR Instarem 0.80% 21.37% 11,000.66 TRY 2,280.75 TRY 15
1,000 EUR Instarem 0.80% 13.58% 55,003.29 TRY 7,088.43 TRY 15
5,000 EUR Rabobank 0.56% 13.17% 275,691.54 TRY 34,960.34 TRY 13

What the EUR → TRY numbers show

  • The provider that delivers the most changes with the amount: Instarem at 200.00 EUR, Instarem at 1,000.00 EUR, Rabobank at 5,000.00 EUR. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
  • At 200.00 EUR, true cost ranged from 0.80% (Instarem) to 21.37% (Sparkasse); the recipient would get 2,280.75 TRY less with the last quote than with the first.
  • Banks listed for this corridor averaged 5.03% in true cost at 1,000.00 EUR, against 1.46% for non-bank transfer services; on average 47% of the banks' cost sat inside the exchange rate rather than in a stated fee.
  • 2 of 15 quotes at 1,000.00 EUR charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
True cost as a share of 1,000 EUR, EUR → TRY, by provider (lower is better). Retrieved 15 Oct 2026, 14:56 UTC. Wise 0.69% Instarem 0.80% Western Union 1.35% Remitly 1.42% Banco Santander ES 1.80% Rabobank 1.83% OFX 3.04% ABN AMRO Bank 3.29% Commerzbank 4.48% Deutsche Bank 4.68% Sabadell 4.89% Sparkasse 5.14% ING Germany 5.15% LaCaixa 5.42% BBVA 13.58% grey = upfront fee · red = exchange-rate markup · share of 1,000 EUR
True cost as a share of 1,000 EUR, EUR → TRY, by provider (lower is better). Retrieved 15 Oct 2026, 14:56 UTC.

How does the quoted mid-market rate compare with the ECB reference?

The European Central Bank reference rate for EUR/TRY on 15 October 2026 was 55.3873. The mid-market rate implied by the top quote at its collection time was 55.4465, a difference of 0.11%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.

Every quote for 200 EUR → TRY

Retrieved 15 Oct 2026, 14:56 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 0.00 EUR 0.80% 1.60 EUR 0.80% 11,000.66 TRY best
2. Banco Santander ESbank 2d old 0.00 EUR 1.80% 3.60 EUR 1.80% 10,889.59 TRY −111.07 TRY
3. Wiseservice 3.41 EUR 0.00% 3.41 EUR 1.70% 10,886.09 TRY −114.57 TRY
4. Western Unionservice 2.99 EUR 1.05% 5.06 EUR 2.53% 10,808.75 TRY −191.91 TRY
5. Remitlyservice 2.99 EUR 1.12% 5.20 EUR 2.60% 10,801.06 TRY −199.60 TRY
6. OFXservice 10.00 EUR 2.06% 13.91 EUR 6.95% 10,318.12 TRY −682.54 TRY
7. Rabobankbank 16.00 EUR 0.24% 16.44 EUR 8.22% 10,178.02 TRY −822.64 TRY
8. Commerzbankbank 12.50 EUR 3.02% 18.17 EUR 9.08% 10,082.01 TRY −918.65 TRY
9. ING Germanybank 2d old 22.00 EUR 2.01% 25.59 EUR 12.79% 9,670.67 TRY −1,329.99 TRY
10. ABN AMRO Bankbank 25.00 EUR 0.81% 26.42 EUR 13.21% 9,624.32 TRY −1,376.34 TRY
11. Sabadellbank 22.00 EUR 2.75% 26.89 EUR 13.45% 9,598.15 TRY −1,402.51 TRY
12. BBVAbank 2d old 6.00 EUR 13.06% 31.34 EUR 15.67% 9,351.59 TRY −1,649.07 TRY
13. LaCaixabank 27.00 EUR 2.79% 31.83 EUR 15.92% 9,324.33 TRY −1,676.33 TRY
14. Deutsche Bankbank 36.55 EUR 1.06% 38.29 EUR 19.15% 8,966.25 TRY −2,034.41 TRY
15. Sparkassebank 2d old 42.50 EUR 0.15% 42.73 EUR 21.37% 8,719.91 TRY −2,280.75 TRY
Set aside, not ranked (2): see methodology
BNP Paribascollected 141 h before retrieval0.00 EUR1.34%——10,940.44 TRY—
Moneygramcollected 50 h before retrieval1.99 EUR1.04%——10,864.26 TRY—

Every quote for 5,000 EUR → TRY

Retrieved 15 Oct 2026, 14:56 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Rabobankbank 16.00 EUR 0.24% 27.79 EUR 0.56% 275,691.54 TRY best
2. Wiseservice 24.43 EUR 0.00% 24.43 EUR 0.49% 275,520.20 TRY −171.34 TRY
3. Instaremservice 0.00 EUR 0.80% 39.97 EUR 0.80% 275,016.45 TRY −675.09 TRY
4. Western Unionservice 2.99 EUR 1.05% 55.49 EUR 1.11% 274,155.71 TRY −1,535.83 TRY
5. Remitlyservice 2.99 EUR 1.12% 59.01 EUR 1.18% 273,960.73 TRY −1,730.81 TRY
6. OFXservice 0.00 EUR 1.24% 61.87 EUR 1.24% 273,802.07 TRY −1,889.47 TRY
7. ABN AMRO Bankbank 25.00 EUR 0.81% 65.41 EUR 1.31% 273,605.80 TRY −2,085.74 TRY
8. Deutsche Bankbank 36.55 EUR 1.06% 89.39 EUR 1.79% 272,276.09 TRY −3,415.45 TRY
9. Banco Santander ESbank 2d old 0.00 EUR 1.80% 90.05 EUR 1.80% 272,239.81 TRY −3,451.73 TRY
10. Commerzbankbank 15.00 EUR 3.02% 165.66 EUR 3.31% 268,047.08 TRY −7,644.46 TRY
11. LaCaixabank 35.00 EUR 2.79% 173.67 EUR 3.47% 267,602.87 TRY −8,088.67 TRY
12. Sabadellbank 37.50 EUR 2.75% 173.93 EUR 3.48% 267,588.76 TRY −8,102.78 TRY
13. BBVAbank 2d old 6.00 EUR 13.06% 658.32 EUR 13.17% 240,731.20 TRY −34,960.34 TRY
Set aside, not ranked (2): see methodology
Moneygramcollected 50 h before retrieval1.99 EUR1.04%——274,226.86 TRY—
BNP Paribascollected 141 h before retrieval0.00 EUR1.34%——273,511.02 TRY—

Read next

Questions people ask

Which provider gave the most for 1,000 EUR sent to Turkey?
Instarem, with 55,003.29 TRY delivered, in the snapshot retrieved 15 Oct 2026, 14:56 UTC. Its upfront fee was 0.00 EUR and its rate markup 0.80%.
How much of the cost of sending EUR to TRY is hidden in the exchange rate?
For the 15 quotes on 1,000 EUR, rate markups ranged from 0.00% to 13.06% of the amount converted. 2 quotes charged no upfront fee but still had a markup above 0.5%.
How current are these EUR to TRY quotes?
RateRunner retrieved them on 15 Oct 2026, 14:56 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.

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Sources