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;
- Money transfers are available in AZN, USD, EUR and RUR.
Internal service commissions fee in Azerbaijan Republic:
10 000 (on min) AZN/USD/EUR-dək məbləğlər üzrə 0.6% (Min.2 AZN/USD/EUR)
10 000 (on min) AZN/USD/EUR-dan yuxarı məbləğlər üzrə 0.3% olaraq dəyişdirilmişdir
THE LIST OF SERVICE FEES FOR INTERNATIONAL TRANSFERS
1,5 % min. $10