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Tariffs

OPENING AN ACCOUNT

1

Service fee for opening all current accounts regardless of the type of currency

10 monetary unit

2

Opening savings and other accounts regardless of the type of currency

Free of charge

MONEY ENTRANCE ON ACCOUNT

3

Service fee for inclusion of funds in the account  regardless of the type and source of currency 

Free of charge

TRANSFER OF FUNDS FROM THE ACCOUNT

4

Service fee for internal transfers regardless of the type of currency

Free of charge

5

Service fee for AZN transfers within the Republic (except for the transfers of customers’ insurance fees and state budget and compulsory social insurance fees brought against the account)

0.1 % (min 0,50 AZN; max 40 AZN)

6

Service fee for the amendment, cancellation and investigation of AZN transfers executed within the Republic (upon the official request of customer) 

0.1 % (min 0,50 AZN; max 40 AZN)

7

Service fee for less than 100 MU transfers in foreign currencies inside and outside the Republic (Except for the transfer of funds exchanged in our bank for the execution of import contracts  )

1 MU

8

Service fee for the more than 100 MU transfer of funds exchanged in our bank for the execution of import contracts 

0.75% (min 10 mu; max 1000 MU)

9

Service fee for the amendment, cancellation and investigation of transfers in foreign currencies inside and outside the Republic (upon the official request of customer) 

10 MU

WITHDRAWAL OF FUNDS IN CASH FROM ACCOUNT

10

Service fee for the withdrawal of funds in cash entered into the account regardless of the type of currency within three years

Free of charge

11

Service fee for the withdrawal of cash funds in manat entered into the account  by transfer or in cash for more than three years (except for insurance payment and return transfers  of our loan customers remaining in the account for three years)

0.5% (min. 2 AZN)

12

Service fee for the withdrawal of cash funds in foreign currencies entered into the account  by transfer or in cash for more than three years: 

 

 

a) funds entered in the current accounts of students from IRI studying in Azerbaijan

1% (min. 1 MU)

b) funds entered into the account of other customers

1% (min. 1 MU)

13

Service fee for the withdrawal of funds received in cash without customer’s bank account  

1% (min. 5 MU)

EXCHANGE TRANSACTIONS

14

Service fee for the purchase of foreign currency up to 50000 monetary unit in a week on the basis of order or payment order (Except for insurance payments of our loan customers) 

CB rate  (+) 0.6%

15

Service fee for the sale of foreign currency up to 50000 monetary unit during the week on the basis of order or payment order (Except for insurance payments of our loan customers) 

CB rate  (-) 0.6%

16

Service fee for exchange transactions of insurance and other payments received by transfer related to loans obtained from our bank

According to the official rate of CB (Central Bank) for the date of transaction 

17

Service fee for exchange transactions between two currencies (dual exchange transaction up to 50000 monetary unit during the week)

CB rate: for purchase (+) 0.3%

for sale (-) 0.3%

18

Service fee for all exchange transactions above the limit of 50000 (Other than internal non-cash exchange transactions  of correspondent banks)

According to the agreed rate for the date of transaction

ACCOUNT STATEMENT AND REFERENCE ABOUT ACCOUNT

19

Service fee for the issuance of account statement

Free of charge

20

Service fee for the repeated issuance of account statement (in accordance with the CB rate in case of  deductions from foreign currency accounts) 

10 AZN

21

Service fee for written letter, reference and banking transaction references submitted to customs office  (in accordance with the CB rate in case of  deductions from foreign currency accounts)  

10 AZN

22

Service fee for archive information (for each document) (in accordance with the CB rate in case of  deductions from foreign currency accounts)  

10 AZN

ISSUANCE OF CHEQUE BOOKS AND CLOSURE OF ACCOUNTS

23

Submission of  cheque book (25 sheets)

15 AZN

24

Submission of cheque book (50 sheets)

20 AZN

25

Closure of account

Free of charge

CORRESPONDENT ACCOUNTS

26

Service fee for opening correspondent accounts regardless of the type of currency

Free of charge

27

Commission fee deducted from the amount withdrawn in excess of the fund entered to the account of correspondent bank in cash 

0.5%

28

Service fee for internal transfers on the instruction of the correspondent bank

Free of charge

29

Service fee for transfers to its correspondent accounts in other banks on the instruction of the correspondent bank

0.5% (min. 10 - max.1000) US Dollar

30

Service fee for transit money transfers from foreign banks to the banks of Azerbaijan Republic, customers and in the opposite direction

0.5% (min. 10 MU)

31

Commission fee for internal non – cash exchange transactions of correspondent banks

According to the agreed rate for the date of transaction

32

Cash collection

According to the agreement through negotiations

CREDIT AND LETTER OF CREDIT TRANSACTIONS

33

Service fee for the analysis and documentation of orders on consumer loans

0.5%

34

Service fee for cashing orders on consumer loans

0.5%

35

Service fee for the analysis and documentation of other loans

Approved analysis - 1%

Unapproved analysis-1%

36

Service fee for cashing other loans

1%

37

Service fee for opening import letters of credit, Sight L/C or USANCE L/C

0.5% of the amount of letter of credit up to 100 000 MU

38

Amendments to import letters of credit (except for deadline and amounts)

50 MU

39

Service fee for the amendment of differences between the terms of import letters of credit and submitted documents

100 MU  for each amendment

40

Cancellation of import letters of credit (according to the agreement with beneficiary)

30 MU and other additional costs

41

Service fee for the provision of information about the payment deadline on USANCE L/C

0.2% from the amount of letter of credit

42

Service fee for the provision of information about opening import letters of credit

50 MU

43

Service fee for the information about amendments to import letter of credits

20 MU

44

Payment or negotiation

0.35%  (min. 100 MU)

45

Service fee for the approval of letter of credit (at the request of beneficiary)

Through negotiations (paid in advance)

 46

Service fee for every SWIFT or TELEX letter

10 MU

47

Service fee for every fax document

2 MU

48

Service fee for every mail document

50 MU

49

Service fee for guarantees issued by the Bank

Through negotiations (paid in advance)

PLASTIC CARD TRANSACTIONS

50

Service fee for the order of salary card 

According to the contract

51

Service fee for cash transaction from the Bank’s ATM with salary cards 

Free of charge

52

Service fee for the Bank’s POS – terminals with salary cards

Free of charge

53

Service fee for conversion transaction with salary cards

0.5%

54

Service fee for the order of local plastic  cards

10 monetary unit

55

Service fee for cash transaction from the Bank’s ATM with local plastic cards

1% (min. 0.5 MU)

56

Service fee for cash transaction from the Bank’s POS terminals with local plastic cards

1% (min. 1 MU)

57

Service fee for conversion transaction  with local plastic cards

0.5%

58

Service fee for the issuance of urgent payment cards 

20 AZN

NOTE:

  • The present rates can be changed unilaterally by the bank (unless otherwise specified in the agreement).
  • Accounts are being closed if transactions on the account are not conducted for more than 1 (one) year and in this case, small balances in the account (less than 1 AZN, 1 USD and 1 EURO) are attributed to the income of bank.
  • Previous rates shall be deemed invalid from the date of entry into force of the present rates.
  • If payment order made in manat is presented on weekdays (Monday – Friday) till 2 p.m., and received after 2 p.m. on the current day, it is executed on the next business day.
  • If payment order made in foreign currency is presented on weekdays (Monday – Friday) till 4 p.m., and received after 4 p.m. on the current day, it is executed on the next business day. 
  • Unless otherwise specified, Bank itself chooses the correspondent bank for the execution of customers’ payment documents.
  • Individual rates can be agreed by contract in cooperation with correspondent banks.
  • Rates dated 02.03.2011 agreed with International Bank of Azerbaijan remain in force.
  • The term “monetary unit” (MU) is applied to the currencies such as Azerbaijani manat, USD and Euro.