Turkish companies trading internationally often need USD and EUR payment routes alongside local TRY payouts. This guide covers the available rails, account setup, onboarding documents, and Turkey's separate rules for crypto investment and payments.
International payment routes for Turkish companies
An approved Turkish company can receive USD or EUR from overseas customers, pay international suppliers, and send TRY through a supported local bank transfer. Invoices, transaction records, and supporting documents stay together for reconciliation and review.
USD payments use account details in the company's name. The payout-only TRY rail uses a pooled account in the provider's name.
Supported payment rails
USD is available through SWIFT. TRY local bank transfer is payout-only.
| Currency | Direction | Corridor | USD vs Spread | Payment Fee | Sender account |
|---|---|---|---|---|---|
| USD | Pay-in | SWIFT (Global) | - | $25 | Account under your company name |
| USD | Payout | SWIFT (Global) | - | $25 | Account under your company name |
| TRY | Payout | Local bank transfer (Turkey) | 0.5% | 0.5% | Account under the provider's name (pooled) |
Documents to prepare
For onboarding, a Turkish company should prepare:
- the articles of association and current Türkiye Trade Registry Gazette records
- a current MERSİS or trade registry extract
- the tax plate (Vergi Levhası)
- proof of address dated within the past 90 days
- the signature circular (İmza Sirküleri) and a Power of Attorney if a representative submits the application
HEVN may also request identity documents for directors and beneficial owners, an ownership chart, contracts and invoices, expected counterparties, and evidence of source of funds.
Stablecoins and regulation in Turkey
Turkey brought crypto-asset service providers under the Capital Markets Board through Law No. 7518 and the 2025 secondary regulations. This allows regulated crypto activity through providers that meet the applicable requirements.
The Central Bank's Regulation on the Disuse of Crypto Assets in Payments prohibits using crypto assets directly for payments. For international customer and supplier payments, HEVN therefore recommends fiat transfers. Any permitted conversion takes place before the local payout, and the beneficiary receives TRY through a bank transfer.
Benefits of a Fiat Account for a Turkish company
- Receive payments from US customers through ACH or domestic wire.
- Use account details in your company's name to match incoming payments with customers and invoices.
- Keep USD to pay US suppliers, contractors, software vendors, and other operating costs.
- Send TRY through a supported local payout when a supplier or contractor needs local currency.
- Keep invoices, payment records, confirmations, exports, roles, and approvals in one workspace.
We'll confirm available accounts, payment rails, limits, pricing, and expected account-opening time during onboarding.
