When traveling to Istanbul, one of the essential aspects to consider is managing your finances. Navigating the local currency, understanding ATM options, and choosing the right banks can greatly impact your travel experience. In this guide, we will provide you with comprehensive information on using ATMs, withdrawing money without fees, and making payments in Istanbul. From understanding the Turkish Lira to locating fee-free ATMs, we’ve got you covered.

The Turkish Currency

In Turkey, the local currency is the Turkish Lira (TL or TRY). The symbol for the Turkish Lira is ₺, and it is available in banknotes of 5, 10, 20, 50, 100, and 200 denominations. Additionally, coins are available in 5, 10, 25, and 50 kurus denominations, with a 1 Lira coin in circulation as well.

Should I Bring Cash to Istanbul?

Considering the economic situation and fluctuating fees associated with ATM usage, bringing cash to Istanbul is advisable. While there is information suggesting that ATMs no longer charge fees, this isn’t entirely accurate. Many banks have started implementing fees, making it financially prudent to bring cash and exchange it in Istanbul.

Read more: Currency Exchange at New Istanbul Airport (IST): Saving Money

Moreover, the current economic policies in Turkey make exchanging cash at a bureau de change more advantageous than using cards for ATM withdrawals.

Payment through Credit or Debit Cards

Visa and Mastercard are widely accepted in Istanbul, making card payments convenient for shops, stores, or even market vendors. But if you want an authentic experience, you would need cash: street food vendors and artisans don’t usually have card registers. In such cases, having cash on hand is recommended.

In general, credit and debit cards are widely accepted across various establishments in Turkey, including ATMs, businesses, restaurants, and hotels.

Using ATMs

While we advise bringing solid cash only for necessary or emergency situations, Istanbul boasts a plethora of ATMs that you can use without hassle. These ATMs may charge an international transaction fee, and cards from Visa and Mastercard are readily accepted. Typically, the daily withdrawal limit ranges from 1500 to 3000 TL. Sometimes you can get more but with an additional fee. Also, the good news is that most ATMs in Istanbul offer an English-language option for your convenience.

Withdrawal Fees at Turkish ATMs

ATM machines near Galata Bridge in Istanbul

Turkish ATMs typically charge withdrawal fees, and your home bank or card issuer might also impose fees for ATM usage in Turkey. These fees can be either a flat fee or a percentage of the amount withdrawn, varying based on the financial institution. Additionally, your home bank could apply a foreign exchange fee for currency conversion. It’s essential to be mindful of these fees to ensure you make informed financial decisions.

Istanbul ATM Withdrawal: Tip to Save Money

When using your credit or debit card abroad, be cautious of Dynamic Currency Conversion (DCC), a seemingly convenient option to pay in your home currency. Always decline this option and pay attention to it.

To save money, always choose to pay in the local currency, avoiding DCC and ensuring transparency in your transactions while exploring Istanbul.

Fee-Free ATMs in Istanbul and Turkey (August 2023)

Several banks in Turkey offer fee-free ATM withdrawals.

In August 2023 Fee-Free ATMs are:

  • Ziraat Bank (up to 1 500 TL/day)
  • PTT (Post Office).
  • Also, to the list could be added Halk Bank. Sometimes it has fees (the minimum amount compared to other banks), and sometimes it is fee-free.

Remember to decline dynamic currency conversion and select the local currency (TRY) for your transactions. By doing so, you can save money and avoid unnecessary fees.

The following banks do charge fees:

  • Akbank
  • Denizbank
  • Garanti
  • QNB Finansbank
  • TEB
  • SekerBank
  • Turkiye Bankasi aka http://isbank.com.tr
  • VakifBank
  • YapiKredi

Where to Find ATMs in Turkey?

ATMs are readily available across Turkey, especially in Istanbul. You can locate them at various convenient locations, such as:

  • Banks: Most banks have ATMs near their branches.
  • Shopping Centers: Many malls and shopping centers have ATMs at their entrances or common areas.
  • Airports and Metro Stations: Airports and train stations typically house ATMs for easy access.
  • Plazas and Squares: Standalone ATMs can often be found in lively plazas and public squares.
  • Tourist Areas: Remember that tourist-centric ATMs do offer not great exchange rates.
  • Google Maps: Use Google Maps to find ATMs by city, district, and neighborhood.

Conclusion: How to Use ATM in Istanbul

Navigating the financial aspects of your Istanbul travel doesn’t have to be daunting. Understanding the Turkish Lira, knowing where to find ATMs, and making informed decisions about payment methods can greatly enhance your experience. By considering these factors and utilizing fee-free ATM options, you’ll be well-prepared to explore the vibrant city of Istanbul without financial worries.


Q: Can I use my debit card in Turkey? A: Yes, debit cards are widely accepted in Turkey. However, consider checking with your card issuer for any fees or restrictions.

Q: What is DCC (Dynamic Currency Conversion)? A: DCC is a currency conversion service that should be avoided as it can result in additional fees. Always opt for local currency conversion.

Q: Are there ATMs with English language options? A: Yes, most ATMs in Istanbul offer an English language option, making transactions more convenient for international travelers.

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