Kalkan Turkey Forum - EnjoyKalkan.com

Kalkan Discussion => Money & Finance => Topic started by: Enjoy Kalkan on July 22, 2010, 11:42:37 AM

Title: Turkish Bank Security
Post by: Enjoy Kalkan 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 Ãƒâ€šÃ‚Â£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 :)
Title: Re: Turkish Bank Security
Post by: BevJam 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