One of the most widely used classic types of banking services is wire settlements and bank transfers.
«Bank of Baku» through any of its branches provides you with an opportunity to transfer money to any place in Azerbaijan or elsewhere in the world. Existing correspondent relationships of the Bank with the largest western financial institutions, including American Express Bank, Dresdner Bank, Fortis Bank, Raiffeisen Zentral Bank, KBC Bank, etc. makes it possible for us to carry your transfer to a foreign country with high speed and in an efficient manner.
For the purposes of fund transfer the Bank is using SWİFT and AZİPS software.
Applicable service fees are as follows: |
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Transfers and wire settlements |
Category of the service |
Fee rates |
AZN |
USD |
EUR |
RUB |
OTHER |
Deposit to the account |
Free of charge |
Intra-bank transfer |
Free of charge |
Transfer outside the Bank –
Within Azerbaijan: |
Utility bills |
Free of charge |
Mobile phone |
Free of charge |
Other transfers |
0.1 %
min AZN 1
мax AZN 200 |
AZN 10 |
0 .3 %
min AZN 20
max AZN 300 |
AZN 10 |
0.5 %
min AZN 20
max AZN 300 |
Transfers outside the Bank –
Overseas |
--- |
AZN 10 |
0 .3 %
min AZN 20
max AZN 300 |
AZN 10 |
0.5 %
min AZN 20
max AZN 300 |
Urgent transfers * |
AZN 30 |
Investigation, amendment and payment cancellation ** |
AZN 5 |
AZN 35 |
Transfers through international urgent money transfer systems |
As per tariffs of transfer systems |
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| * To have the transfer executed in an urgent manner, the instruction shall contain the word “Urgent” endorsed the authorized signature of the client. Bank charges for this category of the service (urgent transfer) will be in addition to the applicable service fee. Time for acceptance of urgent instructions and period of implementation thereof is shown herein below: |
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Receipt of payment instructions |
Payment system |
Period of implementation of the instruction |
9:00 – 16:00 |
AZİPS, SWIFT |
Within 30 minutes |
16:01 – 17:00 |
SWIFT |
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| ** Where investigation is required with respect to transferred funds, charges of other banks will be levied from the client. To pay such charges, in addition to the fees of the Bank, the customer shall have at its account blocked the amount of AZN 50. The unused portion of that amount will be repaid to the customer within 3 months upon decision of the Bank.
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Additional information:
Please send us your queries related to this service. Approach any branch or office of the Bank or call Information center 145.
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