Is Turkey a SEPA country (Is Turkey part of SEPA)?

12 Apr 2022 By PAYCEC

NO. Turkey is not a member of the SEPA scheme. Turkey has its own payment system which is operated by the Turkish Central bank (CBRT). To make a wire transfer to other countries from Turkey, you need to use an interbank transfer system such as SWIFT.

Payment and Securities Settlement Systems Operated by the Central Bank

  • Electronic Fund Transfer System (EFT)
    • Turkish Lira Interbank Payment System
    • Turkish Lira Customers Payment System
  • Electronic Securities Transfer System (ESTS)
  • The Instant and Continuous Transfer of Funds (FAST) System

Payment and Securities Settlement Systems Licensed by the CBRT

  • Interbank Card Center (BKM) - Domestic Clearing and Settlement System
  • Istanbul Clearing, Settlement and Custody Bank Inc. (TAKASBANK)
    • Equity Market Clearing System
    • Debt Securities Market Clearing System
    • Takasbank Cheque Clearing System
  • Central Registry Agency (MKK) - Central Registry System
  • Garanti Payment Systems Inc. (GÖSAŞ) - Takasnet System
  • Paycore Payment Services Clearing and Settlement Systems Inc. (Paycore) - Paycore Clearing System
  • Bileşim Financial Technologies and Payment Systems Inc. (Bileşim Inc.) - TAM Clearing Settlement System

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If you need further assistance or answer, please don't hesitate to contact us.

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