FAQS | Banka Kombetare Tregtare

FAQS

How can I transfer money from my account in BKT?

BKT offers the possibility to make money transfers through the below channels:

1.    BKT Branches Network

  • Money transfers within Albania
  • International Money Transfers

At all BKT Branches, address of which can be seen at the link http://www.bkt.com.al/en/contact-us you can transfer money from the bank account in all currencies accepted (ALL, EUR, USD, GBP, CHF, CAD, AUD). The transfers can be done within or outside Albania.

2.    Online, through accessing “Internet Branch”, check the menu ‘Transfer’ to get the details for

  • Transfers between My Accounts
  • Internal BKT Transfers
  • Domestic Transfer
  • International Money Transfers

3.    Mobile banking by accessing BKT Smart, check the menu ‘Transfer’ to get the details for

  • Transfers within My Accounts
  • Internal BKT Transfers
  • Domestic Transfers within Albania

How do I transfer money abroad from my account in BKT?

BKT offers the possibility to make international money transfers through the below channels:

BKT Branches Network

You can transfer money from the bank account in all currencies accepted (ALL, EUR, USD, GBP, CHF, CAD, AUD).

Online, through accessing “Internet Branch”, check the menu ‘Transfer’ and click on International Money Transfers - To perform International online transfers through internet banking channel you must have a valid credit or debit card with respective PIN.

Can I transfer money internationally if I do not a have a BKT account?

BKT is now offering fast money transfers through UPT-Universal Payment Transfers and MoneyGram in each of our branches for global money transfers.

UPT – Universal Payment Transfer

  • Fast: Cash pay-outs received within minutes.
  • Cheap: Cheaper than other money transfer companies. No deductions or charges to your recipient.
  • Worldwide: You can send and receive money through more than 400.000 locations worldwide
  • Easy: You can execute your transaction with just a few details.
  • 400.000 locations worldwide

MoneyGram

  • MoneyGram is a global leader in worldwide money transfer
  • 200.000 locations across 190 countries and territories
  • It’s quick – your money is where it’s needed in just 10 minutes
  • It’s easy – just visit a BKT Branch and complete one simple form
  • It’s personal – whoever sends money can add a complimentary 10-word message

What is an international transaction charge?

Charges of an international transaction are commission and fees that are paid to the originating and beneficiary bank for completing the transfer.

Charges of international money transfer can be applied for one of the below scenarios that can be choose by the client:

  • All charges to Beneficiary (all commissions and fees of both originating and beneficiary bank will be paid by the beneficiary of the transfer)
  • Shared commission (the sender pays commission of the originating bank and the beneficiary the commission of beneficiary’s bank)
  • Our commission (all charges are paid by the sender of the transfer)

How much does it cost to make an international transfer?

Referred to the Terms & Conditions of BKT the commissions applied for an international money transfer are:

  • Spot transfers and online international transfers (2 value dates)
    • Spot commission :0.15% (min. 8 Eur - max. 200 Eur) /  0.15% (min. 7 Usd - max. 250 Usd) / EUR equivalent
    • SWIFT commission: 8 EUR/ 10 USD / EUR equivalent
  • Express transfers (same value date)-at BKT Branches
    • Express commission: 0.20% (min. 15 Eur - max. 250 Eur) /  0.20% (min. 20 Usd - max. 320 Usd) / EUR equivalent
    • SWIFT commission: 8 EUR/ 10 USD / EUR equivalent

The money for an international transfer is it taken from my account right away?

The money for an international transferare directly debited from your current account. In order to finish the international transfer successfully you should have available balance  for both the transfer and the commission fees of the transfer.

If you do not have enough available balance to complete the transfer you can deposit money to your account by:

  • Branches network
  • SuperBankomat- 24/7 ATMs in which you can deposit money if you own a debit card.

Is there a minimum or maximum limit for an international transfer?

The limits for international money transfer online are:

  • Minimum 50 EUR/transfer
  • Maximum 10.000 EUR/transfer (momentary limit)
  • Maximum 20.000 EUR/month (calendaring)
  • Maximum 40.000 EUR/year (calendaring)

Can I transfer more than 40.000 EUR internationally?

The yearly limit of online international transfers is 40.000 EUR or equivalent in other currencies, but every BKT client can transfer money that exceed this limit by being present to one of our branches address of which can be seen at the link http://www.bkt.com.al/en/contact-us

There is no limit for an international transfer being processed in BKT branches but depending on the transfer amount further documentations can be required by the branch in order for the source of incomes to be verified such as:

  • Payment authentication
  • Property certificate
  • Rent contract etc.

How I can find IBAN / BIC code?

Please visit one of the BKT branches with an identification document (ID) to get the IBAN number of your account. You can also find your IBAN account in the Internet Branch, BKT Smart app, or by calling the Call Center service number +355 (0) 4 22 66 288.