How to send money to Lebanon from Turkey with the best TRY-LBP rate

The exchange rate determines how many TRY the recipient will get in Lebanon when you send Turkish Lira.

Today, the average exchange rate between Turkish Lira and Lebanese Pound is 1,930.6225. The company offering the best exchange rate is MoneyGram Agent.

The TRY-LBP rate fluctuates constantly, so timing your transfer to Lebanon can help you save a lot of money.

The total cost of sending money to Lebanon from Turkey is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for TRY-LBP is 1,930.6225 LBP per Turkish Lira.

• Fees: When sending money there may be additional fees. MoneyGram Agent offers the lowest fee of the 1 providers tested, costing 420 TRY per transfer (based on ₺10,500 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Lebanese Pound eventually received in Lebanon.

Sometimes, waiting a day or two can help you get more LBP for the same amount of TRY. You can also opt for a forward contract to lock in rates between Turkey and Lebanon.

A bank transfer is the most cost effective option for sending money from Turkey to Lebanon.

Here are all the ways to send money from Turkey to Lebanon:

Bank transfers

The default option for sending money from Turkey to Lebanon is often a bank transfer.

Using a money transfer company, such as MoneyGram Agent for transfers from Turkey to Lebanon, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Turkey to Lebanon with a prepaid or debit card is easy with MoneyGram Agent.


MoneyGram Agent is a leader in accepting card payments for transfers between Turkey and Lebanon.

Credit cards

When it comes to international credit card transfers from Turkey to Lebanon, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Turkey to Lebanon.

If you don’t know what the key regulatory bodies for money transfers are between Turkey and Lebanon, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Turkey to Lebanon. This applies when receiving money in Lebanon as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using MoneyGram Agent if you need to send large amounts of TRY to Lebanon.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Turkey, or entering Lebanon.

There are different ways to receive money in Lebanon. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, MoneyGram Agent is the best money transfer company for bank transfers between Turkey and Lebanon.

And if you need cash right away, check if cash pickup is an option for transfers between Turkey and Lebanon.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like MoneyGram Agent.

When you're sending or receiving money between Turkey and Lebanon, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Turkey this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Lebanon.

If you're making a big transaction between Turkey and Lebanon, a provider may ask you for proof of address or may want to know where your money comes from.

MoneyGram Agent is a great option for sending from Turkey as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Turkey to Lebanon there will be tax implications to consider.

Some TRY-LBP transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Lebanon based on age, income and a few other elements. When in doubt, please contact a tax professional in Turkey or Lebanon to discuss your personal circumstances.