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;
- 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.