Freedom Holding Corp. has announced the launch of a special promotion for individuals and legal entities, allowing them to make international transfers in U.S. dollars without a bank commission. The new terms became available after the opening of a direct correspondent account with The Bank of New York Mellon.
Freedom Bank has launched a special offer for individuals and legal entities: starting from June 23, 2026, and for the following three months, all outgoing international transfers in U.S. dollars can be sent by the bank’s clients without a bank commission.
The offer applies to both existing and new clients. Transfers are available through the Freedom SuperApp mobile application and at all bank branches.
According to Aidos Zhumagulov, member of the Board of Directors of Freedom Bank, the bank’s goal is to make international payments for clients as simple and seamless as domestic transfers.
Unique Cooperation
Free dollar transfers are available to Freedom Bank clients because the institution has opened a direct correspondent account in U.S. dollars with The Bank of New York Mellon (BNY), one of the largest financial institutions in the world. A correspondent account allows international payments to be processed directly through a U.S. bank, without a long chain of intermediaries.
Previously, when sending dollar transfers, several transit banks could be involved in the settlement process. Each of them often charged its own fee, while the transaction itself took more time. Now, a significant portion of payments will be able to move through a shorter route.
Timur Turlov, founder and CEO of Freedom Holding Corp., said that the opening of the direct correspondent account was preceded by five years of work.
“As far as I know, this is the first new dollar correspondent account opened in Kazakhstan in almost 20 years,” he noted.
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According to him, direct servicing will help increase payment processing speed, reduce the cost of transactions, and make settlements more predictable for clients.
BNY — One of the Leaders of the Financial Sector
The Bank of New York Mellon is the oldest operating bank in the United States, with a history dating back to 1784. The bank was founded by Alexander Hamilton, one of the Founding Fathers of the United States.
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Today, BNY holds a special place in global financial infrastructure. The bank specializes in servicing institutional clients, asset custody, settlement operations, investment services, and support for international financial flows.
BNY’s assets under management and custody amount to nearly $60 trillion. By this measure, the organization ranks among the largest financial institutions in the world. In effect, BNY serves as one of the key elements of the international financial system, working with major investment funds, banks, corporations, and government institutions.
Special Standards
To obtain a direct correspondent account with a bank of this scale, strong financial indicators alone are not enough. The quality of internal processes, business transparency, and compliance with international requirements also play a crucial role.
BNY maintains one of the strictest control systems in the global banking industry. The bank operates under the supervision of the U.S. Federal Reserve System, the Office of the Comptroller of the Currency, and the financial regulator of the State of New York.
The bank pays particular attention to AML and KYC procedures — anti-money laundering measures and client identification. BNY has a comprehensive internal control system that includes specialized compliance units, independent audits, regular risk assessments, transaction monitoring, and mandatory employee training.
The bank’s global policy includes verification of the origin of funds, analysis of client risks, detection of suspicious activity, and cooperation with government authorities within the framework of the law. Timur Turlov emphasized that direct relations with a bank of this scale are a matter of trust and represent recognition of Freedom as a reliable partner by leading global financial institutions.
Freedom Bank
Freedom Bank remains one of the most technologically advanced banks in Kazakhstan: in recent years, the bank has focused on digitalizing its key financial products. Freedom was among the first in Kazakhstan to fully move a number of banking processes online, including mortgage applications, car loans, and business loans. Today, Freedom Bank’s network covers 20 cities across Kazakhstan, while most operations can be carried out by clients through the Freedom SuperApp mobile application.
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In late June, S&P upgraded the bank’s rating to “BB-” with a stable outlook, while also raising its long-term rating on Kazakhstan’s national scale to “kzA-.” S&P Global Ratings noted positive dynamics in risk management, as well as Freedom’s development into one of Kazakhstan’s leading digital fintech ecosystems with the Freedom SuperApp mobile application.
14 Million Clients in the Ecosystem
Freedom Bank is part of Freedom Holding Corp., an international financial technology holding company that brings together banking, brokerage, insurance, payment, telecommunications, and digital services.
According to the results of the 2026 fiscal year, Freedom Holding’s revenue reached $2.19 billion, compared with $2.004 billion a year earlier. Net income rose to $153.3 million, the company’s assets exceeded $13.2 billion, and equity reached $1.5 billion. The number of clients of the group’s companies increased to 8.1 million people, while, including users of partner services, the total audience of the Freedom ecosystem already exceeds 14 million clients.
Freedom Holding Corp. operates in more than 20 countries. The corporation’s near-term plans include expanding its business in Europe and Turkey, where the holding plans to invest about €500 million. In June 2026, the company also applied for a banking license in France.
To finance the next stage of growth, Freedom Holding Corp. announced a secondary share offering of up to $300 million. The funds are expected to be directed toward the development of the digital ecosystem, expansion of international presence, and the launch of new projects in the European market.
