KAPITAL BANK OPEN JOINT STOCK COMPANY, BIC/SWIFT Code Details
Address: FUZULI 71 BAKU AZ1014, AZERBAIJAN
General instructions for international payments to banks in AZERBAIJAN: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address). Payments to non-resident beneficiaries are classified into two categories: taxpayer and non-taxpayer.
a) Taxpayer non-resident (having Azerbaijani tax ID) can receive funds from a legal entity abroad showing clear purpose of transfer.
b) Non-taxpayer non-resident can only receive 'financial aid' from abroad with supporting documents.
c) Non-resident legal entity (taxpayers) can receive funds from abroad only with supporting documents (invoice, contract, other real business papers).
Payment Formatting Rules for AZN:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Bank (SWIFT MT103 F57): Include beneficiary bank’s correspondent AZN account number, beneficiary bank’s tax identification number (TIN/VOEN), 6 digit BIK code, SWIFT BIC with branch identifier (where required), full name. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAZxx or xxxxAZxxxxx.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), 10 digit tax identification number (TIN/VOEN), full name (no initials), and full address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. TIN/VOEN is not required for individuals.
Reason for Payment (SWIFT MT103 F70): In-depth purpose of payment must be provided. If the payment is for charitable purposes, this must be clearly stated or the beneficiary may be subject to a tax charge for income received.
IBAN: In Azerbaijan, the IBAN must be included in the payment instructions. The structure is AZ followed by 2 check digits and 24 alphanumeric characters, totaling 28 characters. Example of electronic format: AZ98123456789123745678912345. Example of print format: AZ98 1234 5678 9123 7456 7891 2345.
Standard Settlement Instructions (SSI) contain the list of correspondent banks of KAPITAL BANK OPEN JOINT STOCK COMPANY for each currency.
To track a SWIFT cross-border payment to or from KAPITAL BANK OPEN JOINT STOCK COMPANY, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.