🇨🇦→🇹🇷
Send Money from Canada to Turkey
Businesses in Canada paying Turkey suppliers for Textile. Send CAD from Canada, receive TRY in Turkey with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local TRY delivery = no correspondent bank fees
Save £3,530 per £100k Payment
Canada to Turkey corridor savings
Traditional Bank
£4,035
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ BKM (Interbank Card Center)
Your Savings
87%
£3,530 per £100k
At £300k-£3M monthly, save £8,834/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Turkey: Compliance & Requirements
Regulatory Considerations
- Central Bank of Turkey (TCMB) regulations
- High inflation - TRY volatility extreme
- Many suppliers prefer EUR/USD invoicing
- Turkish customs documentation required
Payment Best Practices
- TRY highly volatile - lock rates immediately or use EUR/USD
- Turkey strategic location between Europe/Asia
- Strong textile and automotive sectors
- Political/economic volatility - use hedging
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via BKM (Interbank Card Center)
Canada → Turkey Corridor Insights
Popular Industries
- Textile
- Automotive Parts
- Agricultural Products
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Turkey?
Save 87% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB