Can you use Monzo in Turkey?
Can you use Monzo in Turkey? Find out in our handy guide to using the digital bank in Turkey, including fees.
Istanbul is a city that has enchanted its visitors for centuries. Here, culture and history come together in a fascinating mix of east and west. Whether you’re visiting for business or pleasure, you’ll soon see why this magnificent city enthralled ancient emperors as much as it does modern tourists.
You’ll want to be prepared while you’re there. They don’t mind bartering in Istanbul, especially if you stop in one of Istanbul’s famous bazaars. For that, you’ll want to have plenty of Lira in your pocket to bargain with - which means you are going to need some cash.
Use this guide to avoid the rip-offs and find the best places to exchange your cash while you stay in Istanbul.
Comparing fees from one service to another may seem fairly straightforward, but getting the best deal when you’re looking to convert your money isn’t quite so simple.
Here are four things to look out for when you exchange your money in Istanbul:
It’s best to avoid switching your unwanted cash back to your home currency - it means you’ll have to pay fees and charges twice. So make a plan to use up all the money you exchange - spending the last of your cash in one of Istanbul’s atmospheric bazaars shouldn’t be a chore.
Changing cash isn’t going to be a problem in Istanbul - but finding the best lira rates might be more of a challenge. Be wary of hidden charges and fees, which you can spot by calculating the amount of lira you’ll receive after conversion and comparing this figure amongst your options.
Tourist exchange offices tend to be clustered around the major sites like the Grand Bazaar. They’re mainly small desks without websites. Major international currency exchange firms are poorly represented in Istanbul.
Some options are listed below so you can review their exchange rates before choosing - but you can also simply visit one of the tourist districts and check out the offered rates against your currency converter for the fairest deal.
Ataturk Airport in Istanbul is home to several different exchange services. Unusually for airports, different companies operate under one roof so shop around. Usually the airport won’t offer the best deals, though - so know your mid-market rates in advance.
| --- | --- |
| Locations | Phone Number |
| Akbank T.A.S. has branches both land and airside. | Atatürk Havalimanı Akbank +90 (0212) 4654247 |
According to flight schedules - call ahead if you have any questions.
An exchange bureau in the Beşiktaş neighbourhood
| --- | --- |
| Location | Contact Information |
| Levent, Çarşı Cad. No:10 D:1, 34330 Beşiktaş/Istanbul | +90 (0212) 325 7576, info@ozerhandoviz.com |
Call or email ahead for hours.
Para Çevirici has an office in the Kadıköy area of Istanbul.
| --- | --- |
| Location | Contact Information |
| Osmanağa Mah, Çilek Sk, Güneş İş Mrk, K:3, Kadıköy / İstanbul | +90 (216) 338 0836, info@akillisoft.com |
Call or email ahead for hours.
Alternatively - save the hassle and get an even better deal by using Transferwise. If you or a friend has a Turkish Lira bank account, you can transfer money between accounts using the real mid-market exchange rate. No need to negotiate the currency exchange offices - instead use that time to enjoy all Istanbul has to offer.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Can you use Monzo in Turkey? Find out in our handy guide to using the digital bank in Turkey, including fees.
Learn how to claim your VAT refund in Turkey and save money on your purchases. Our guide covers the step-by-step process for getting your VAT refund in Türkiye.
Should you pay with cash or card in Turkey? A handy guide including cash etiquette, Turkish ATMs and using your UK card.
Wondering what’s the best currency to take to Turkey? Read our guide on currency in Turkey, accepted payment methods and more.
Can I use my Starling card in Turkey? Find out everything you need to know about using Starling overseas here in our handy guide.
Check out our in-depth guide on everything you need to know about buying a prepaid Turkish SIM card, including different providers, pricing, and features.