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MONEX

This system was only available at the branches of Muganbank OJSC at first but then fell into the active use by the other local banks as well in a short period of time.


 

 

“MONEX” express money transfer system was established in 2011. “MONEX” is a means of domestic and international money transfers between individuals. At present, “MONEX” services are available in Azerbaijan and Georgia, Russia, Great Britain, Czech Republic, Mongolia, Nepal, Saudia Arabia, Kuwait, United Arab Emirates and Uzbekistan.



“MONEX” advantages:

  • Extremely good rates;
  • Money transfer inside Azerbaijan is sent without specifying an address, thus, customer can receive the funds from any region he wishes;
  • Money is transferred in a very short time;

Currency options:

  • Money transfers are available in AZN, USD, EUR and RUR.


«MONEX» rates:

Internal service commissions fee in Azerbaijan Republic:
Minimum 2 AZN/USD/EUR, 60 RUR);


THE LIST OF SERVICE FEES FOR INTERNATIONAL TRANSFERS

Group

Country

Charge

Currency

I

Czech Republic

Great Britain

Mongolia

Nepal

1,5 %

USD, EUR

II

Uzbekistan

1,5 %

USD

III

UAE

Saudi Arabia

Kuwait

1,5 % min. $10

USD

IV

Russia

Georgia

1,5 %

USD,EUR,RUB

USD,EUR

 


Money transfers to Group I countries can be received from the points of the express money transfer system “MONEY POLO”, a partner of “MONEX” express money transfer system.

Money transfers to Group II countries can be received from the points of the express money transfer system “ASİAEXPRESS”, a partner of “MONEX” express money transfer system.

Money transfers to Group III countries can be received from the points of the express money transfer system “INSTANT CASH”, a partner of “MONEX” express money transfer system.

Money transfers to Group IV countries can be received from the points of the partner banks of “MONEX” in those countries.

The charges are calculated free of kopeck policy and expressed in round numbers.

For example: $320 x 1,5% = $4,8 ≈ $5,0

 

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