Unicorn Currencies
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🇵🇹→🇹🇷

Send Money from Portugal to Turkey

Portuguese businesses and textile exporters paying Turkey suppliers. Send EUR from Portugal, receive TRY in Turkey with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local EUR collection + local TRY delivery = no correspondent bank fees

Save £3,530 per £100k Payment

Portugal 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 EUR 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 Portugal: What You Need to Know

EUR Origin Specifics

  • Portugal uses EUR currency
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

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)

Portugal → Turkey Corridor Insights

Popular Industries

  • Textile
  • Automotive Parts
  • Agricultural Products

Peak Trading Hours

CET (GMT+1) 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 EUR from Portugal to Turkey?

Save 87% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.

Open AccountView Turkey Details

Bank of Canada registered PSP | FINTRAC licensed MSB