Garanti Bank BBVA ‘s second – largest private bank in Turkey with a capital of more than US $ 104 . The bank offers many services to foreigners and Turks.

The bank is distinguished by its many services, in addition to the availability of its branches and ATMs everywhere, with a seamless application of use on the mobile phone.

Garanti Bank

About Garanti Bank

Garanti Bank serves about 12 million customers in Turkey, and has about 950 local branches and an estimated 3,500 ATMs nationwide.

The bank’s services vary between payment systems, retail, commercial services, companies, small and medium companies, and private and investment banking services.

Granty Bank has been operating in Turkey continuously from June 1946 until now and it plays an important role in the Turkish banking sector.

Services provided by the Turkish Garanti Bank

Garanti Bank offers many distinctive services from various banking services, most notably:

  • Mortgage
  • Credit loans
  • Pay bills online
  • Conducting Swift Code transfers outside Turkey
  • Transferring funds within Turkey to other banks.
  • Transfer funds within Turkey to Granty Bank accounts at the same moment.
  • Issuance of credit cards
  • Foreign currency exchange
  • Western Union transfers inside and outside Turkey
  • Issuance of prepaid cards and debit cards.
  • Investing in the stock exchange
  • Insurance products
  • Investing in gold
  • Safe deposit boxes
  • Investing in mutual funds
  • Pay taxes and fees
Grantian Bank Granty Bank

Garanti Bank branches outside Turkey

Turkish Granti Bank has many branches outside Turkey, most of them are in the Turkish Republic of Northern Cyprus, and Romania.

The bank also has a branch on the island of Malta. And representative offices in Germany and Switzerland.

Swift Code Garanti Bank

To make international transfers to an account in a Garanti bank, you can use the swift bank code: TGBATRIS

Money transfer in Turkey

Wise is one of the best ways to transfer money in Turkey easily, quickly and safely, as it is characterized by its lower transfer fees than Western Union and banks.

https://wise.prf.hn/click/camref:1011lfeou

Wise advantages

  • Wise is completely secure for all types of transfers.
  • You can send money outside of Turkey about eight times cheaper than with traditional methods.
  • Transfer fees are straightforward, and there are no hidden Fees.
  • The conversion process is done easily on the Internet.
  • The funds are automatically transferred to the recipient’s bank account.
  • Wise has around 750 different currencies to transfer, including the Turkish Lira, US Dollar, Euro, British Pound, and Egyptian Pound.

You can transfer via Wise directly online and easier than Western Union and banks by clicking here.

Download the Garanti Bank app

You can conduct all your banking transactions, by visiting the nearest branch to you of the Granty Bank, and you can also visit the bank’s website by clicking  here , and you can also download the application, which supports English and Turkish languages,  for the Android system  and for the İOS system .

Garanti Bank credit rating 2020

Fitch Ratings

Fitch (1 September 2020) 
IDR long termB + / negative view
Short term IDRB
TL IDR is long termBB- / Negative outlook
TL IDR is short rangeB
Feasibility assessmentB +
the support4
National Long Term RankingAA (Tor)
Long-term national ranking prospectsstable
Long term notes are not guaranteedB +
Short term notes are not guaranteedB
Secondary notes  B

Moody’s Rating

Moody’s (10 December 2020) 
Prospectsnegative
Long-term deposits in foreign currenciesB2
Long-term TL depositB2
TL deposit is short termNot – the prime minister
Short-term deposits in foreign currencyNot – the prime minister
Primary Credit Appraisal – BCAB 3
BCA rateB 3
Unsecured First Classification (Ordinary Bonds)B2 (negative)
Unsecured First Classification (Medium Term Feedback Program)(P) B2
National classification (NSR) long-term depositsA1.tr
NSR in the short termTR-1

Ratings for JCR Eurasia:

JCR classification Eurasia (  August 26, 2020  )
Long-term international FCBBB- (negative)
Long term international TLBBB (negative)
National long-termAAA (Trk) (stable)
Short-range international footballA-3 (negative)
Short term international TLA-3 (negative)
Short-term nationalA-1 + (Trk) (fixed)
Sponsor support1

What are the services provided by the Turkish Garanti Bank?

Granti Bank offers many useful services, the most important of which are savings accounts, debit and credit cards, in addition to investing in gold, and receiving Western Union transfers from outside Turkey.

Is it possible to make a Western Union transfer from Garanti Bank?

Yes, you can make a Western Union transfer easily through the bank app or by visiting the nearest branch to you.

How do I receive a Western Union transfer from Garanti Bank?

Go to the nearest bank branch with your MTCN number and proof of identity, and you can get the transfer in minutes.

This post is also available in: العربية (Arabic)


Abdullah Habib

The Founder of Turkpidya, an Egyptian student from mixed Turkish descent. A multilingual man passionate about Turkey and writing. A material scientist and engineer.

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