FAQ              
20.11.2008 
azpyceng
Retail banking
• Cash and settlement
   transactions
• Loans
• Urgent money transfers
• Savings
• Plastic Cards
• Introduction
• Types of plastic cards
• Individual credit programs
• Schedule of rates
• Useful information
• Other operations

Exchange rates
 
NBA
rates
Buy
Sell
USD
0.8104
0.808
0.817
EUR
1.0114
1
1.026
RUB
0.0295
0.028
0.03
GBP
1.2098
1.183
1.234
Online Application
Useful links
Schedule of rates

Main rates

 

MC Gold

MC Standard

Dynamic Plus

Maestro

Insurance amount

AZN 200

AZN 100

Not Applicable

Opening balance
Not Applicable
Not Applicable
 

Issue and 1 year service fee for the card

AZN 20

AZN 16

Issue and 2 year service fee for the card

AZN 55

AZN 35

AZN 30

AZN 28

Issue and 3 year service fee for the card

AZN 80

AZN 50

-

AZN 40

Fee for the issue of an additional card and applicable 1 year service fee

AZN 20

AZN 15

-

AZN 7

Fee for the issue of an additional card and applicable 2 year service fee

AZN 36

AZN 24

-

AZN 13

Fee for the issue of an additional card and applicable 3 year service fee

AZN 48

AZN 32

-

AZN 19


Rates for additional services

Urgent Order ¹

AZN 15

Change of the card status ²

Not cosidered
Card replacement
AZN 10

Card reactivation³

AZN 2

One-off penalty for technical overdraft 4

0.5 %; min AZN 1

Not Applicable

0.5 %; min AZN 1

“Chargeback” investigation fee 5

AZN 5


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

Cash withdrawals from ATMs of other local banks 6

1,5 %

1,5 %

1.7 %

1.3 %

min AZN 1.5 / USD 1.5 / EUR 1.5

Cash withdrawals from POS Terminals of other local banks 6

1.5%

1.5%

1.7%

1.5%

min AZN 2 / USD 2 / EUR 2

min AZN 2 / USD 2 / EUR 2

Cash withdrawals from ATMS of foreign banks

1.5%

1.5%

1.5%

1.7%

min AZN 3. 5 / USD 3.5 / EUR 3.5

min AZN 3.5 / USD 3.5 / EUR 3.5

Cash withdrawals from POS Terminals of foreign banks

1.5%

1.5%

1.5%

1.7%

min AZN 6 / USD 6 / EUR 6

min AZN 6 / USD 6 / EUR 6

Currency conversion 7

0,5 %

“Retail” Transactions 8

No fee

Transfers within “Card to Card” system 9

0.2%

0.2%

Min 0.25 AZN / 0.25 USD / 0.25 EUR

Min 0.25 AZN / 0.25 USD / 0.25 EUR

Connection and annual fee for “Internet Banking” System 10

AZN 10 (annual fee)

Connection and annual support fee for “ATM Banking” System 10

Free of charge

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

1.5%

min AZN 2 / USD 2 / EUR 2


Rates for credit lines opened by the Bank:

Purposes of the credit line

No Limitations

1. 100% of the credit line – can be ysed for purchases from sale/service points having partnership arrangements with the Bank;

2. 20% of the credit line – may be used for cash withdrawals

No Credit Line is Provided

Standard rate of annual interest on the credit line

28 %

28 %

30 %

Fee for servicing the credit line

1,9 % (1 year)

1,5 % (1 year);

3 % (2 years)

1,9 % (1 year);

3,5 % (2 years)

Reinstatement of the credit line

Automatic Reinstatement

AZN 5

(for each event of reinstatement)

Credit line related payments

1. Principal – at any time during the validity period of the card

2. Interest – in full, monthly

1. Principal – at least 8% of the used amount for 1 year cards and at least 5% of the used amount for 2 year cards;

2. Interest – in full, monthly

Date of payments

From 1 st to 10 th of each next month

Monthly, within 10 days from the day of issue of the card


 

1Urgent 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 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.
4 Overdraft is deemed to be technical where it remains outstanding for 10 days. For overdrafts, which remain outstanding for more than 10 days, starting from the day 11 a penalty of 48% per annum is to be paid by the client . (This item is temporarily is not effective).
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 “Other local banks” means local banks transacting through “Azerikard” Processing Center.
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 Where “Card to Card” System is used for transfer of funds to Maestro Salary card, the additional commission will be 0.7%.
10 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.

Please send us your queries related to this service. Approach any branch or office of the Bank or call Information center 145.

Complete application for the loan online.

 
Bank of Baku © All Rights Reserved.