ATM fees and exchange rates in Turkey

  • Last Updated:
  • Nov 10th, 2019 3:05 am
Deal Fanatic
Nov 23, 2008
6825 posts

ATM fees and exchange rates in Turkey

Does anyone have any recent experience using your Canadian-bank-issued debit card to withdraw money from an ATM in Turkey ?

I've read various conflicting reports on exorbitant ATM fees and/or poor exchange rates when getting money at ATMs in Turkey.

6 replies
Deal Guru
User avatar
Sep 6, 2002
11181 posts
I was in turkey in August. I can’t remember exactly how much the fees are but atms allows usd euro and of course . I’d say Lira withdraws is best unless it’s you’re last few days and you’re headed to Europe or USA. I asked locals if they wanted usd or euro (since their currency is sinking) locals wanted lira.

I think it was around $5-6cad per withdrawal. Food is cheap (if the locals don’t offer to feed you free lol)

I’d say take out as much as you can to minimize the ratio of withdrawal fees to the poor exchange like most countries

I enjoyed my time In turkey don’t sweat like $5

If you’re headed to cappadocia for a hot air balloon arrange early. Pm me if you want. A no prepay contact
Autocorrect sucks
Sep 20, 2013
310 posts
I used stack MasterCard (prepaid card with no exchange rate conversion. Check RFD forums). Don’t exchange it at the airport unless you need it immediately for taxi/transport as the rate I got was a bit lower than I got in the city. Enjoy your trip as it’s a great place to visit.
Deal Addict
Jul 26, 2007
1425 posts
I remember I got slaughtered on ATM fees in Turkey, so withdraw big chunks when you need to.

Just beware of the scammy taxi drivers. They love pulling tricks on you like switching out bills and claiming you shorted them, switching drivers in the middle of a fare, charging you different airport rates (which I stupidly fell for).
Deal Addict
Jan 25, 2008
2859 posts
Turkey is very cheap, eat like a king for 7$

I used tangerine atm global alliance no ATM fees but u still get charged 2.5% fee.

Credit cards are best (like Rogers infinite Visa) but acceptance is not great
Deal Addict
Apr 20, 2006
2107 posts
I was there in October and exchanged 200 USD at the airport with Global exchange, bad idea, they really give a very low rate. I used liras for very small 10-20 lire purchases, Euros for slightly bigger purchases, but the best thing was the Rogers WE MC, pretty good acceptance for booking tours, paying at the restaurants and even for buying stuff over 1000 USD at Grand bazaar etc. All the expenses were accounted for and easy to tally when using credit card. Didn't use an ATM even once.
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Sr. Member
May 11, 2008
847 posts
My experience was from May 4th of this year, using my Stack Mastercard so no foreign exchange fee.
I got a rate of 1 CAD = 4.42 Lira.

I only withdrew cash once, I used credit cards for nearly all of my transactions.
I'd also avoided taking taxis there, I just stuck with using the Istanbulkart to take the metro and light rail everywhere.