Settlement and cash services

For permanent customers who actively carry out operations on their own accounts, ASB provides discounts. Services are provided to clients based on agreements regarding settlement and cash services in accordance with existing tariffs.

The Bank has numerous correspondent relationships, which allows customer payments to be executed quickly and efficiently.

Corporate clients can:

• Open settlement and current accounts in a short period of time;
• Receive consultations on banking transaction procedures;
• Transfer funds within Azerbaijan and to foreign countries;
• Receive incoming transfers to their accounts;
• Carry out turnover operations;
• Entrust the Bank with the automatic circulation of funds;
• Entrust the Bank with maintaining a certain account balance;
• Deposit cash into accounts and withdraw cash from accounts;
• Arrange cash delivery orders.

The provision of cash in foreign currency to the Bank’s clients is carried out in accordance with the current legislation of the Republic of Azerbaijan. ASB supports the coordination of financial activity and helps realize the full potential of the client.

International operations:

For a company to operate successfully in international markets, reliable and timely payment of trade contracts is essential. ASB OJSC offers a wide network of settlement services that enable it to solve the needs of even the most demanding clients while protecting their reputation and image and ensuring international payments:

• Foreign currency bank transfers;
• Letter of credit settlement forms;
• Services for non-cash currency circulation.

The settlement services provided to clients include the following:

• Transfer of funds from the client’s account to the beneficiary’s bank based on the client’s instruction;
• Providing account statements for all operations to the client or their authorized representative. This information is provided in paper form;
• Consulting clients on legal issues related to settlement operations and documentation rules.

Additional service package:

• Execution of inquiries for tracing funds transferred in favor of the client;
• Providing account history for the requested period.