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Current account

To carry out your daily transactions we suggest you to open a current account.

The current account is convenient for placement of temporary available funds, as well as for transfer of funds to/from abroad.

With current account you can withdraw cash at any time or send abroad money transferred or deposited to your account.

To carry out your daily transactions we suggest you open a current account.

The current account is convenient for placement of temporary available funds, as well as for transfer of funds to/from abroad.

With current account you can withdraw cash at any time or send abroad money transferred or deposited to your account.

You can issue a power of attorney drawn in a notary to any individual giving him/her a full or partial authority to use your account.

To open an account you must present ID and fill in required forms.

Note: 

All bank transactions are performed upon submittal of personal ID's for Azerbaijan citizens and foreign passports for non-residents.  Driving licenses and official ID's (employee ID's) are not accepted as identity document.

Main conditions to open and use an account:

  • Open an account - free
  • Initial deposit - none
  • Minimum account balance - none
  • 0.35% commission rate is applied to the current accounts if daily amount exceeds 1 000 000 EUR
  • Currency - manat, US dollars, Euro

International money transfers are carried out in accordance with the current “Regulations on currency operations of residents and non-residents in the Republic of Azerbaijan".

Note:

Bank holds the right to submit to the authorized state body documents containing information mentioned in inter-governmental agreements due to Common Reporting Standards that is applied in the frame of Multilateral agreement among authorized bodies regarding automatic information exchange about financial accounts.

 

 

As opposed to card account, cash deposited to current account can be withdrawan from the account free of charge (during a calendar year).

You can confirm your financial statement for an embassy using current account as opening account, deposit and withdraw cash is free of charge (during a calendar year). 

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