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« nationwide flex account | "Safe" hire for cash and documents »
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Author Topic: Turkish Bank Security  (Read 1945 times)

Offline Enjoy Kalkan

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Turkish Bank Security
« on: July 22, 2010, 11:42:37 AM »
Hi,
 
Not sure if anyone can help on this, in the UK any money in a UK bank is secured upto £50k to protect you if that bank goes pop. Does anyone know if such security exists with Turkish banks and what the limit is?
 
Thanks :)

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Offline BevJam

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Re: Turkish Bank Security
« Reply #1 on: July 22, 2010, 01:34:08 PM »
Yes you are covered up to 50,000 lira in your savings account by the Turkish govt, but you have to convert your money from sterling so inflation, devaluation is a risk
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