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IBA applies international card transfers system for the first time

<b>IBA applies international card transfers system for the first time</b>

06 June 2012 10:47 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. International Bank of Azerbaijan, for the first time, presents money transfers to VISA card owners to conduct money transfers to VISA cards up country and in the CIS countries.

According to Bank, so without applying to branches, it will be possible to transfer money from IBAâ€™s cards to other banks of the country and CIS countriesâ€™ banks via ATMs.

Commission fee on up country makes 0.25%-0.75%, on the CIS countries â€“ 1%-1.5%. Daily transferring limit will make AZN 2,000 in the first stage, ANZ 1,000 in the second stage.

This system is planned to concern other countries of the world.

Note that, IBA has been in operation since 1992.

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