Havale
Havale is a term used in Turkish banking to describe the transfer of funds from one bank account to another upon instruction. In everyday language it denotes remittances or money transfers and can refer to both domestic transfers within Turkey and international remittances sent abroad. The word is commonly used by individuals, businesses, and banks to describe moving money through the formal banking system. Havale generally requires the sender to provide identifying details, the recipient’s bank information, and the amount to be transferred.
Domestic havale refers to transfers between accounts within Turkey, or between Turkish banks. The sender provides
International havale, or uluslararası havale, is a remittance sent to an account in another country. This type
Etymology and scope: havale derives from a family of words meaning transfer or forwarding and is cognate