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Nikoil Bank issues a new card product

Nikoil Bank issues a new card product

07 December 2009 16:42 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijan-based Nikoil Bank has launched a new card product called â€œBu Kartâ€, combining the advantages of a debit card and deposit.

The bank said Bu Kart allows client to spend funds from the card account and the closing balance earns 5% per annum a month. The monthly interest is based on the daily balance.

In addition to the normal operations, Bu Kart allows making payment for utilities, mobile operators, as well as payments on the Internet. Bu Kart can be opened in AZN or USD.

The cardâ€™s annual fee is AZN 10 which is not applicable when you credit more than AZN 500 to your card account.

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