Alif review

The transfer fee is TJS 0 on Alif app transfers to European countries through SEPA, with no commission charged on those sends. The exchange charge on currency conversion is 0.1%. Payouts can go to bank, cash pickup and wallet, so you choose how the money lands.

Sends from the Alif app to Europe over SEPA usually land within a few minutes to a few hours, and the pace comes down to the receiving bank. Payouts cover bank, cash pickup and wallet, so a slower recipient bank is the main thing to plan around.

The Maqsad deposit pays 10% to 11% a year at a fixed rate over a 12 term. The minimum deposit is TJS 1, and the account kind is fixed, which points to money committed for the term rather than an instant access account.

Access is open ended: you can withdraw the whole balance or part of it whenever you like, with no cap, and top-ups are unlimited. The 12 term on the Maqsad deposit therefore does not lock the money in, and the monthly interest payment can be withdrawn without limit too.

Alif operates under the Central Bank of Tajikistan in Tajikistan, and the licence record lists it as 0000114. A second entry covers a TAQX licence for small lending and deposit organisations, which is the basis for the deposit side of the business.

The currency exchange service covers 4 currencies and charges 0.1% on conversion. That is a short list next to a site median of 5, so the rate applies inside that smaller set rather than across a wide basket.

The stated audience is travelers, and the card carries free atm. People sending regular transfers to Europe get the free SEPA commission, while anyone holding several currencies outside the 4 supported will find the list narrow.

Support is available on email, phone and help centre. The listed channels cover phone, email and a help centre, which is a broad set for a bank of this size, and the head office sits in Tajikistan.