"Effective from 01.01.2010, both in domestic transfers and cross-border transfers towards EEA, banks shall validate the beneficiary's IBAN for incoming money transfers and use the sender's IBAN for outgoing money transfer."

For complete information and Frequently Asked Questions concerning the use of the IBAN in Turkey, please consult the Central Bank of the Republic of Turkey.

Turkey Mandates Full Originator Information

Starting January 1, 2011, all wire transfers sent to banks in Turkey or transiting via banks in Turkey (acting as an intermediary bank) must include the following information in field 50 of any MT103, MT202COV or in the respective equivalent message:

Name and surname, or title of the legal person registered to trade registry, or full name of the other legal persons and unincorporated organizations, AND
Account number, if exists, or a unique reference number if no account number exists (e.g., date of birth, customer number, national ID number, passport number or tax ID number), AND
Address, including city, state, country and postal code

For complete information regarding this regulation, please visit the Web site of the Central Bank of the Republic of Turkey.