Sending money across borders is more accessible than ever, thanks to modern digital platforms like Koronapay. But with convenience comes responsibility. Mistakes in international transfers can lead to delays, fees, or even the loss of funds. Whether you’re a business owner, freelancer, or someone sending money to family, understanding the pitfalls is key to successful transactions.
In this guide, we’ll explore the most common mistakes when making international transfers, with insights on how to avoid them. If you’re looking to securely transfer money to Turkey, or any other country, this article will serve as your essential roadmap.
Ignoring Exchange Rates and Hidden Fees
When transferring money abroad, one of the first things people overlook is the real cost of the transaction. Many services advertise “zero commission” or “no transfer fees,” but hide charges in unfavorable exchange rates.
For example, if you want to send money to Turkey from Europe, you may find providers that offer low transfer fees but give a poor exchange rate on EUR to TRY, effectively charging you more.
Tip: Always use platforms that provide transparent fee structures. Koronapay, for instance, offers competitive exchange rates and lets users calculate the full cost before sending — making it a top choice when you need to transfer money to Turkey fast and without surprises.
Entering Incorrect Recipient Details
Another frequent mistake is inputting incorrect beneficiary information. A wrong account number, IBAN, or name spelling can delay or cancel your transfer altogether. In the worst cases, money may end up in someone else’s account.
This is especially true when transferring money across borders where banking formats vary significantly. For example, Turkish banks often require specific branch codes and IBANs.
Tip: Double-check recipient details before confirming your transaction. Koronapay’s mobile app simplifies this by verifying account formats and offering in-app guidance.
Using Unverified or Unlicensed Platforms
It’s tempting to go for the cheapest provider, but unverified platforms pose serious risks. Fraudulent money transfer services may hold your funds, provide poor support, or disappear entirely.
This is particularly dangerous when sending money to less regulated destinations or when transferring large sums.
Tip: Stick with licensed platforms. Koronapay operates under strict regulatory guidelines across more than 50 countries, including EU, EEA, CIS, and Southeast Asia, ensuring your transactions are both legal and secure.
Not Considering Transfer Timeframes
International money transfers don’t always happen instantly. Some can take several business days depending on the route, intermediary banks, or even time zones. Failing to plan for these delays can cause serious inconveniences — especially for urgent payments like tuition, rent, or medical expenses.
Tip: Use services that offer real-time or near-instant transfers. Koronapay allows many users to send and receive funds in minutes, depending on the destination country and payout method.
Failing to Check for Transaction Limits
Every money transfer platform has transaction limits. These could be daily, monthly, or even per transaction. Attempting to send a large amount in one go without checking these restrictions can result in a declined transfer or extra verification steps.
Tip: Know your limits. Koronapay provides users with clear information on limits and allows identity verification to increase them. This is especially useful for freelancers, expats, or business owners handling large remittances.
Overlooking Mobile App Features and Security Settings
Many users don’t explore the full features available in their money transfer apps. Options like biometric login, transaction history, beneficiary lists, and real-time notifications add layers of security and convenience.
Korona, the official app of Koronapay, offers all these features. The app lets you manage transfers on the go, track delivery, and receive updates — giving you full control and transparency.
Tip: Enable multi-factor authentication and regularly update your app. Keeping software up to date is a simple but effective way to enhance security.
Conclusion: Send Smarter with the Right Tools
Avoiding these common mistakes when sending money internationally can save you time, money, and stress. From verifying recipient details to choosing secure, regulated platforms, every step counts.
If your goal is to quickly and securely transfer money to Turkey, look no further than Koronapay. With its transparent pricing, strong compliance standards, and intuitive Korona mobile app, it’s an ideal solution for personal and professional transfers alike.
Don’t let simple errors get in the way of a smooth international transaction. With the right information — and the right tool — your next transfer can be fast, secure, and hassle-free.
