Within the framework of cooperation between «Bank of Baku» and European Trust Bank, offers individuals to use urgent money transfer services to make non-commercial transfers of cash to over 400 cities in CIS and Baltic Countries without any need for a bank account.
MİGOM offers you the following advantages :
• time of transfer is 5 to 10 minutes
• low tariffs (up to 2-3% of the transferred amount)
• security
• convenient formalization rules
• no fee on receipt of money
MİGOM money transfers system is especially convenient for those who urgently need to transfer or receive money, especially seasonal workers, tourists, students, those sending money to the relatives. |
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Commission fees applicable to cash transfers from Azerbaijan via MİGOM (in USD) |
Amount |
Commission |
1,00 - 100,00 |
4 |
100,01 - 200,00 |
5 |
200,01 - 300,00 |
7 |
300,01 - 400,00 |
9 |
400,01 - 500,00 |
12 |
500,01 - 600,00 |
15 |
600,01 - 700,00 |
18 |
700,01 - 800,00 |
21 |
800,01 - 900,00 |
24 |
900,01 - 1000,00 |
27 |
1000,01 - 1500,00 |
30 |
1500,01 - 2000,00 |
40 |
Note 1: on amounts above USD 2000, commission for each USD 500 will be increased by USD1.
Note 2: additional fees will be applicable to any extra services. |
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Procedure for sending and receiving of money |
What should I do to send money? |
1. Visit branch or an office of the Bank;
2. Complete money transfer form;
3. Submit the completed form and your identification document to the Bank’s employee;
4. Pay the necessary amount to the cashier once you get the relevant documents from the Bank’s employee
5. to notify the recipient about transfer and control code |
What should I do to receive money? |
1. Visit branch or an office of the Bank;
2. Complete money receipt form, showing control code, name of the sender, amount transferred, place of origin of transfer and other information;
3. Submit the completed form and your identification document to the Bank’s employee;
4. Collect the transferred amount from the cashier once you get the relevant documents from the Bank’s employee; |
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Important notes!
1. No fee is levied from the customer on the receipt of cash. Fees for transfer are determined in accordance with international money transfer tariffs as applied by MIGOM system.
2. All operations for transfer and receipt of money are regulated by the relevant legislation of the Azerbaijan Republic.
3. You can use the services of MIGOM system in any branch or office of the Bank.
4. For further information please visit www.migom.com |
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Additional Information:
Please send us your queries related to this service. Approach any branch or office of the Bank or call Information center 145. |
