Finance

Home page

Finance

DemirBank introduces Cash by Code service

04 July 2014 11:01 (UTC +04:00)

Baku - APA-Economics. DemirBank has introduced the Cash by Code service of transfering money via ATM. Visa card owners can send AZN 5 to 500 using new services.

To use the service, choose Cash by Code section of ATM menu, enter the recipient’s mobile phone number and the amount to be transferred. After the transaction is complete, you will be provided with a receipt with a 5-digit code and the recipient will also receive a 5-digit code by sms. It is important that you let the recipient know the 5-digit code from your receipt.

The recipient can withdraw the money from any MilliKart ATM which supports Cash by Code function within 24 hours. To withdraw the money, the codes received by sms and printed on the receipt need to be entered.

If the money is not withdrawn within 24 hours, it will be returned to the sender’s account. The transaction can only be performed in AZN and a 1% commission (minimum of AZN 1) is charged on the sender. ATM services are very convenient for customers as they save both time and effort.