FAQ              
13.03.2010 
azpyceng
Corporate banking
• Cash and settlement
   operations
• Loans
• Leasing
• Documentary transactions
• Deposits
• Plastic cards
• POS-terminals
• Other operations

Exchange rates
 
NBA
rates
Buy
Sell
USD
0.8033
0.8
0.81
EUR
1.1001
1.079
1.121
RUB
0.0273
0.0268
0.0278
GBP
1.2101
1.186
1.234
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Business and Salary Cards
“Bank of Baku” provides to its corporate customers Maestro Salary and Visa Electron cards. By using these cards employees can get cash through ATMs and office of the Bank, and also make payments for purchase of goods and services. And we will not be levying any commissions for these operations.
Companies, in their turn, by joining our “Salary Cards” project will get the following benefits:
  • Reduction of overhead and operational expenses;
  • No hassles and expenses related to encashment and transportation of cash;
  • Increasing the efficiency of accounting and cash-desk work, etc.;
Furthermore, as an additional benefit for our partner-companies, within the “Salary Card” project “Bank of Baku” may, upon agreement with the relevant company, provide its employees with a credit line.
Bank exercises individual approach to companies in connection with its “Salary Cards” project and the terms and conditions are determined according to the mutual agreement of the parties.
 

Main rates

 

MC Business

MC Business Customs

Visa Electron / Maestro Salary

Insurance deposit

Not Applicable

Minimum amount added into the balance

Not Applicable

1 year: issue and yearly free

AZN 30

Per agreement

2 years: issue and yearly free

AZN 48

3 years: issue and yearly free

AZN 62

Additional card, 1 year: issue and yearly fee

AZN 15

AZN 7

Additional card, 2 years: issue and yearly fee

AZN 24

AZN 13

Additional card, 3 years: issue and yearly fee

AZN 32

AZN 19

 


Rates for additional services

Urgent Order1

AZN 15

Per agreement

Change of the card status2

Not Applicable

Card replacement3

AZN 10

Re-activation of the card4

AZN 2

“Chargeback” investigation5

AZN 5

Penalty for overdraft6

0.5 % min AZN 1

 

 

Rates for the use of ATMs and POS Terminals

Cash withdrawals from ATMs and POS Terminals of «Bank of Baku»

1 %

min AZN 1 / USD 1 / EUR 1

Not Applicable

 

Free of charge

ATMs of local banks (members of Milli Card)

1.5 %

min AZN 1.5 / USD 1.5 / EUR 1.5

1.3 %

min AZN 1.5 / USD 1.5 / EUR 1.5

POSs of local banks ( (members of Milli Card)

1.5 %

min. AZN 2/ USD 2 / EUR 2

1.3 %

min. AZN 2/ USD 2 / EUR 2

ATMs of local banks (other processing systems)

1.5 %

min AZN 3.5 /USD 3.5 / EUR 3.5

1.5 %

min AZN 3.5 /USD 3.5 / EUR 3.5

POSs of local banks (other processing systems)

1.5 %

min AZN 6 /USD 6 / EUR 6

1.5 %

min AZN 6 / USD 6 / EUR 6

Currency conversion7

0.5%

0.5%

“Retail” Transactions8

Not Applicable

“Retail” transactions in game/entertainment centers, including casinos

1.5 %

min. AZN 2/ USD 2 / EUR 2

Not Applicable

1.5 %

min. AZN 2/ USD 2 / EUR 2

Connection to " Internet Banking"9

AZN 10 ( 1 year )

AZN 10 ( 1 year )

Transfers with “Card to Card” system10

0.2 %

min. AZN 0.25 / USD 0.25 / EUR 0.25

0.2 %

min. AZN 0.25 / USD 0.25 / EUR 0.25

Connection and annual fee for “ATM Banking” system 11

Free of charge

Free of charge

 

 

 
  1 Urgent order presupposes issue and delivery of the card to the customer within the following business day;
2 Change of status of the card means its loss, theft, cancellation of the card prior to the expiration of the last month of the validity period, or temporary or permanent termination thereof.
3 Card replacement – In case of customer losed PIN, changed his/her name, physicaly damaged or losed the card, bank provide clien with new card. Client has give back the old card.
4 Reactivation of the card means activation of the card which was blocked due to incorrect PIN entry, or was temporarily blocked upon request of the customer.
5 “Chargeback” means objection of the customer to the debiting of his account. Where the claim for “Chargeback” is not proven, all expenses incurred by the Bank will have to be repaid by the claimant.
6 Withdrawal of money in excess of the credit balance on a bank account.
7 For overseas card transactions in the currency other than the currency of the card we will apply the rate of exchange established by MC international payment system as of the date of clearing operations on that transaction. Where the transaction is performed in Azerbaijan, we will use the rate of exchange of the NBA as of the date of clearing.
8 “Retail Transactions” means use of the card for payment for services and goods being purchased from certain points of sale (shops, restaurants, sport clubs, etc.)
9 For controling of transactions on account by internet.
10 Where “Card to Card” System is used for transfer of funds to Maestro Salary card, the additional commission will be 0.7%.
11 You can subscribe for this system by completing an appropriate application form. At the moment, you can use this system to pay your electricity bills, as well as your phone bills for “Azercell” and “Bakcell” without any commission for the transfer of money.
   
 
 

Additional information



Please send us your queries related to this service or approach any branch or office of the Bank, call in information centre under number 145
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