![Bank of Baku connected to the system Monex](https://turan.az/resized/./turan-750-500-resize.webp)
Bank of Baku connected to the system Monex
JSC Bank of Baku connected to urgent money transfers for individuals Monex. This was said in a statement.
The system Monex is a product of MuganBank and shove at the end of last year. Sending and receiving money through this system takes up to 10 minutes, with the minimum fee for transfers up to 500 manat is 1 AZN 500 AZN -0.2% deposit. Also connected to the system are Bank Respublika, Rabitabank, Amrahbank, Atabank, Atrabank, Qafqaz Inkishaf Banki, Bank Avrasiya, Express Bank, Parabank, Bank Standard and the state monopoly in mail services LLC Azerpoct.
Today, among the banks operating in the country Demirbank has its own money transfer system Simsek, CapitalBank has Hezri and Zaminbank has Caspian Money Transfer.
The system Simsek is designed for internal use only, but Hezri makes it possible operations in Russia and Ukraine, but it does not have agents among local banks. Caspian Money Transfer was able to get a real recognition within the country and outside. Agents of the system are 19 of the 43 banks operating in Azerbaijan. Total number of service outlets today is about 130,000, covering 190 countries.
The Bank of Baku also works within the money transfer systems Contact, Migom, Caspian Money Transfer, Western Union and Golden Crown. - 15D -
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