Domestic transfers
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Domestic transfers

Terms

The International Bank of Azerbaijan offers the easiest and most profitable way to transfer money to the account of your company or other people in any bank of the country.

Transfers are made through the "AZİPS" or "XÖHKS" system, only in the national currency.

Via "XÖHKS" system:

  • Transfer with a maximum amount of up to AZN 40,000 is possible (except for transfers to the budget);
  • The beneficiary will get the money within 2 working days.

Via "AZİPS" system:

  • The maximum transfer amount is unlimited.
  • If the transfer is received before 4:30 pm of the current working day, it will be executed with the same day value date, and if the transfer is received after 4:30 pm of the current working day, it will be executed with the next working day value date.

To make a domestic transfer, please provide 2 copies of the payment order to your branch.

Note the following information in the payment order:

  • Date and number (the payment order will be valid within 3 working days);
  • Sender details (name, surname, account number, TAX ID);
  • Sender bank’s details (name, code, TAX ID, correspondent account, SWIFT);
  • Beneficiary details (name, surname, account number, TAX ID);
  • Beneficiary bank details (name, code, TAX ID, correspondent account, SWIFT);
  • Amount and currency of transfer;
  • Details of payment;
  • Signatures;
  • Stamp.

Charge and fees


Domestic transfers

via XÖHKS

0.1% (min.  AZN 1 - max.  AZN 50)

-

via AZIPS

0.15% (min. AZN 3 - max.  AZN 100)

-

Foreign currency transfers within the country

-

0.1% (min. USD 1 equivalent  -

max. USD 50 equivalent)

Transfer investigation

 AZN 10

USD 10 equivalent

Changes in payment documents after the execution of the transfer

 AZN 5

USD 5 equivalent

Acceptance of a request for reversing a payment orderı 

 AZN 5

USD 5 equivalent

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