The State Bank for Foreign Economic Affairs of Turkmenistan

 

Partnership for development!

Rates of commission for services of the State Bank for Foreign Economic Affairs of Turkmenistan

Services

Fees

All types of letterhead

Free of charge

Consultation and supplemental information

Free of charge

Opening of account (current & settlement and deposit account for legal entities non-resident of Turkmenistan on Contract with the State Commodity and raw materials exchange of Turkmenistan)

 

 

For legal entities and entrepreneurs without formation legal entity. 

 

 

in national currency

28 manat (290 USD1)

 

in foreign currency

30 USD (290 USD1)

 

For private clients:

 

i

in national currency

20 manat

 

in foreign currency

7 USD

Maintenance of account

 

 

For legal entities and for entrepreneurs without formation legal entity.

 

 

in national currency (in case of having transactions within a month, monthly). 

30 manat

 

in foreign currency (in case of having transactions within a quarter, quarterly). 

25 USD

 

For private clients:

 

i

in national currency

free of charge

 

in foreign currency

free of charge

 

Closing an account (under the bank’s initiative inclusive) 

free of charge

 

 

Payments

 

 

Intra-bank (except for transfers to the “Loro” accounts of banks residents (respondents)

free of charge

 

Intra-bank transfers to "Loro" accounts of banks residents (respondents)

 

 

Up to 50 USD inclusive

5,75 USD

 

From 51 USD up to 500 USD inclusive

11,5 USD

 

From 501 USD up to 1000 USD inclusive

17,5 USD

 

Over 1000 USD

0,17%, min 23 USD, max 460 USD

 

Transfers to other banks  (according to the legislation of Turkmenistan except taxes and such kind payments)

 

 

In national currency

 

 

Up to 200 manat inclusive

2,30 manat

 

From 201 manat up to 20 000 manat inclusive

0,12%, min 4 manat

 

From 20 001 manat up to 100 000 manat inclusive

0,06%, min 20 manat

 

From 100 001 manat up to 200 000 manat inclusive

0,05%, min 50 manat

 

From 200 000 manat and over

0,035%, min 80 manat,

max 345 manat

 

Payments from account № 23901.105-23904.105

0,06%

 

In foreign currency

 

 

Within Turkmenistan:

 

 

up to 50 USD inclusive

7 USD

 

From 51 USD up to 500 USD inclusive

14 USD

 

From 501 USD up to 1000 USD inclusive

23 USD

 

over 1000 USD

0,23%, min 35 USD, max 575 USD

 

Outside of Turkmenistan for legal entities and entrepreneurs without formation legal entity:

OUR

 (at remitter’s cost)

BEN

(at beneficiary’s cost)

SHA

(foregn bank’s commission partly at beneficiary’s cost)

 

up to 500 USD inclusive  

35 USD

25 USD

25 USD

 

From 501 USD up to 500 USD inclusive

65 USD

40 USD

45 USD

 

From 1001 USD up to 5000 USD inclusive

80 USD

66 USD

65 USD

 

From 5001 USD up to 25 000 USD inclusive

90 USD

69 USD

45 USD

 

From 25 001 USD up to 50 000 USD inclusive

115 USD

92 USD

65 USD

 

Over 50 000 USD

0,20%, min 150 USD,

max 600 USD

0,20%, min 120 USD,

max 400 USD

0,20%, min 130 USD,

max 500 USD

 

out of Turkmenistan for private clients:

OUR

 (at remitter’s cost)

BEN

(at beneficiary’s cost)

SHA

(foregn bank’s commission partly at beneficiary’s cost)

 

up to 500 USD inclusive  

30 USD

18 USD

25 USD

 

From 501 USD up to 1000 USD inclusive

45 USD

23 USD

35 USD

 

From 1001 USD up to 5000 USD inclusive

60 USD

35 USD

46 USD

 

From 5001 USD up to 15 000 USD inclusive

70 USD

50 USD

60 USD

 

Over 15 000 USD

0,25%, min 100 USD

0,25%, min 70 USD

0,25%, min 80 USD

 

 

 

 

 

 

Conversion of foreign currencies:

1 %, max 20 000 USD

 

Enquiries and adjustment on transfers:

 

 

Outgoing payments:

 

 

Enquiries on transfer

40 USD

 

Amendment or cancellation of transfer

40 USD

 

Incoming international payments:

 

 

Enquiries on transfer

23 USD

 

Enquiries on transfer of 6 months prescription

80 USD

 

Changing date of value on payment for 1 day 

110 USD

Foreign exchange at the Interbank Exchange Currency Market (IECM)of Turkmenistan

 

 

purchase of currency

0,3 %

 

sale of currency

0,25%, max 10 000 USD

Operation with cash money and cheque:

 

Cash withdrawal in national currency:

 

Cash withdrawal from check books:

 

 

For legal entities

1,15%

 

for entrepreneurs without formation legal entity

1,725%

Cash withdrawal from demand deposit

1,15%

 

For I - II group disabled persons (upon presentation of the relevant certificate and in case that only  wages transferred to the account of demand):

0 %

 

Cash withdrawal in foreign currency:

 

 

Cash withdrawal in foreign currency

2 %

 

Exchange of decrepit USD banknotes

 

 

in national currency

free of charge

 

in foreign currency

10%

 

Exchange of small banknotes for big ones and vice versa

 

 

in national currency

free of charge

 

in foreign currency

1,5%

 

Authentication of banknotes

0,15%, min 1 USD

 

 

 

 

Collection

 

 

Encashment (issuance and dispatch of documents

0,20%, min 66 USD

   Return unpaid documents

135 USD

Amendments to terms in collection’s order, including cancellation

135 USD

 

 

 

 

 

Documentary letter of credit

 

 

  • Import

 

 

Open a letter of credit

0,12 min 115 USD, max 3500 USD per month

 

Pre-advising letter of credit

115 USD

 

Negotiation, check-up and acceptance of documents

0,17%, of amount of documents,  min 115 USD, max 3500 USD

 

Documents with discrepancies

115 USD

 

Amendment to letter of credit

85 USD

Increase amount of letter of credit

See “Issue of letter of credit”

Cancel a letter of credit under client’s request

115 USD

Expiration of letter of credit in upon its non-utilization

85 USD

 

Deferred payment or acceptance 

0,06% of amount of payment, min 115 USD of each month

 

  • Export

 

 

Pre-advising letter of credit

60 USD

 

Advising letter of credit

0,17%, min 115 USD, max 600 USD

 

Confirmation letter of credit

0,23% of amount of letter of credit, min 230 USD, max 3500 USD of each month

 

Negotiation, check-up and acceptance of documents

0,17%, of amount of documents min 115 USD

 

Documents with discrepancies

115 USD

 

Amendment to letter of credit

115 USD

 

Cancellation of letter of credit upon  client’s request

115 USD

Expiration of letter of credit upon its non-utilization

115 USD

 

Deferred payment or acceptance

0,06% of amount of payment, min 115 USD per each month

 

Transfer letter of credit in favor of other beneficiary

0,12% of amount of letter of credit, min 115 USD, max 1150 USD per each month

 

Negotiation of documents

1,15% of amount of documents, min 230 USD

 

 

 

 

Reimbursement:

 

 

Advise

115 USD

 

Confirmation

0,12% per  each month, min 115 USD

 

Amendment

115 USD

 

Reimbursement

115 USD for each payment

 

 

 

 

  • Guarantees

 

 

Issue of guarantee (contra guaranty)   

0,30%, min 230 USD, max 6000 USD

 

Conduct of guarantee during its validity

0,12% of each month, min 230 USD

 

Pre-advising guarantee

60 USD

 

Advising and transfer guarantee

230 USD

 

Amendment to issued guarantee

                                          115 USD

 

Advising amendment under received guarantee

60 USD

 

Payment request under issued guarantee

0.23%, min 115 USD, max 3500 USD

 

  Examination draft of guarantee

115 USD

Determination of applicability of guarantee

290 USD

                         

Bank Cards (MILLICARD)

ALTYN Millikard

Corporate Millikard

Deposit bank card

Millikard

 

Issue of plastic cards including 5  year service 11

23 manat

23 manat

23 manat

23 manat

 

Minimum balance of account

60 000 manat

-

-

-

 

Cash withdrawal

0.8%

0.8%

0,5%

0.8%

 

Clearing settlement

0,5%

0,5%

0,5%

0,5% 13

 

Cash withdrawal  and Clearing settlement –

For I - II group disabled persons (upon presentation of the relevant certificate and in case that only  wages transferred to the account of demand):

 

0 %

 

0 %

 

0 %

 

0 %

 

Annual interest rate on account balance

7%

-

6%

5% over 2000 manat)

 

Lost cards recovery

23 manat

23 manat

23 manat

23 manat

 

Blocking of card

Free of charge

Free of charge

Free of charge

Free of charge

 

Spending limit and

limit of depositing/crediting funds

-

In compliance with the cost estimates and established tariffs, but not exceeding the limit of freely circulating currencies

-

-

 

SMS informing

0 manat per month

1.15 manat per month

1.15 manat per month

1.15 manat per month

“Cash back” service

0.2%

0.2%

0.2%

0.2%

 

International VISA / MasterCard - TFEB

Gold

Business

Classic / Standard

Classic Syyahat 12/ Standard Syyahat12

Electron 10 / Maestro 10

 

Insurance deposit

1 000 USD

0

100 USD

100 USD

 

30 USD

 

Issue of VISA cards with 5 year service,  change of VISA card 11

100 USD

30 USD

30 USD

30 USD

20 USD

 

Issue of MasterCard cards with 5 year service,  change of MasterCard card 11

100 USD

30 USD

30 USD

30 USD

20 USD

 

Bank initiated change of card

Free of charge

 

Cash withdrawal  in national currency for Turkmenistan

1%

1%

1%

1%

1%

 

cash withdrawal in foreign currency for Turkmenistan

2%

2%

2%

2%

2%

 

Cash withdrawal in foreign banks

3%

min 4 USD

3%

min 4 USD

3%

min 4 USD

3%

min 4 USD

3%

min 4 USD

 

Non-cash payments (transactions fee)

0,5%

0,5%

0,5%

0,5%

0,5%

 

Non-cash payments in foreign banks (foreign transactions fee)

0,5% min 0,30 USD

0,5% min 0,30 USD

0,5% min 0,30 USD

0,5% min 0,30 USD

0,5% min 0,30 USD

 

Card blocking on card-holder’s request

Free of charge

 

SMS informing

free of charge

1.15 manat per month

1.15 manat per month

0.33 USD

 per month

1.15 manat per month

 

Balance inquiry in ATMs of foreign banks

0,80 USD

0,80 USD

0,80 USD

0,80 USD

0,80 USD

 

Express change of card in foreign bank

300 USD

-

-

-

 

 

Express cash withdrawal in foreign bank

200 USD

-

-

-

 

 

Annual interest rate on account balance in TMT in excess of the security deposit (for debit cards)

5%

-

-

-

 

 

Fines:

 

 

 

 

 

 

Card loss

30 USD

30 USD

30 USD

30 USD

30 USD

 

Additional charges for “VISA Gold”, “MasterCard Gold” credit card

 

 

Interest rate for credit

15%

-

-

-

 

Interest rate for overdue credit

-

-

-

-

 

 

 

International plastic cards issued by other banks

 

 

Cash withdrawal in the bank

3%

 

Cash withdrawal of the ATM

According to the rates of

VISA International/MasterCard

 

Non-cash payments (transactions fee)

3%

 

 

 

 

Leasing of safe deposit boxes

 

 

Administration fee (once)

10 manat

 

Monthly payment for leasing:

 

 

„Mini“

10 manat

 

„Medium“

20 manat

 

„Medium-extra“

30 manat

 

“Max”

40 manat

 

 

 

 

Other services

 

 

Internet-banking

20 manat monthly

 

Cheque book (25 pages)

10 manat

 

Issue of certificates

10 manat

 

Consular dues

20 manat

 

Execution of deal passport for export-emport transaction 

100 manat

 

POST Terminal service fee

46 manat monthly

 

Confirmation for export-emport transaction 

20 manat

 

Confirmation for auditors

30 manat

 

Issue of document’s duplicate

10 manat

 

Postage

As per invoice of post company

 

 

  1. For foreign entities and separate subdivisions of foreign entities such as representative offices, branches and affiliates with 100% of foreign capital the Head Office of which is within the free economic zones except of enterprises and organizations participating in the projects in accordance with the “Law on Hydrocarbon Resources of Turkmenistan”.
  2. The fees on standby L/C are withdrawn either under the rates set for documentary L/C or tariffs set for guarantees depending on the content and purpose of transactions.
  3. The fees withdrawn “per month” mean calendar month or its part.
  4. The fees can be withdrawn for the residents of Turkmenistan – in Turkmen manat under the exchange rate of the Central Bank of Turkmenistan (CBT) as of the day of transaction, and for nonresidents of Turkmenistan – in US$ or in the currency of the transaction equivalent to US$ under the exchange rate of CBT as of the day of transaction.
  5. Taxes, duties, dues and other expenses of the banks-correspondent as such will take place will be withdrawn extra on the actual cost.
  6. The Bank is not responsible for delays, mistakes etc. arising from unclear, and incomplete or inaccurate instructions of the customers.
  7. The Bank can set special tariff rates for major corporate customers, as per concluded agreements.
  8. The Bank is entitled to make amendments to acting rates without preliminary notification.  
  9. The rates for the services are VAT inclusive;

    Tax-exempt companies are charged the VAT exclusive fees.

10.Issue of Visa Electron is discontinued from 13.04.2019

11. In case you forget your PIN-code you have to reissue bank card.

12. Foreign currency accounts of VISA Classic Syyahat and MasterCard Standard Syyahat international cards are replenished with foreign currency cash at the expense of an individual’s own funds within freely convertible currency and without indicating the source of origin of these funds.

* Customers of the SBFEAT can transfer theirs wages and equivalent payments from personal accounts in foreign currency to VISA Classic Syyahat and MasterCard Standard Syyahat international cards accounts within freely convertible currency and without indicating the source of origin of these funds.

13. The commission charged for non-cash payments of plastic cards is not withdrow from plastic card issued for consumer loans.