Fast, affordable, and secure transfers within the territory of Armenia. Simply submit a transfer instruction, and we will take care of the rest.
Transfers to the state budget of the Republic of Armenia are not limited and may be made in any amount.
Easy, queue-free transfers through acba digital mobile banking.
For security purposes, the Bank verifies beneficiary details, which reduces the risk of incorrect transfers and fraud.
AMD 500 for legal entities and individual entrepreneurs
For budgetary institutions, the specified service is provided free of charge
Urgent transfers - AMD 10,000
Detailed information on transfer tariffs is available here.
The commission for foreign currency transfers is as follows:
within the Bank - AMD 5,000
via the acba digital internet banking system - AMD 3,000
Intrabank transfer fee (regardless of currency):
At the Bank's premises: 500 AMD
Via the acba digital internet banking system: Free of charge
For budget-funded institutions, the mentioned service is provided: Free of charge
Modification (correction) or cancellation of payment details based on the customer's written request: Free of charge
The time required to carry out an international foreign currency transfer depends on the number of banks through which the transfer is made and usually takes 1-3 banking days.
Incoming transfers are credited to customers’ accounts free of charge.
When carrying out an international foreign currency transfer, the Bank, in accordance with the banking circulars available at the Bank, may independently choose the route of funds transfer (intermediary bank) without the customer’s prior consent.
If the recipient (beneficiary) of the transferred funds cannot be identified, the transferred funds are returned by the correspondent bank to the transferring bank. The timeframes and conditions for returning funds depend on the internal procedural rules of the correspondent banks and the number of banks through which the transfer was made. The Bank credits the returned funds to the bank account of the person who made the transfer, and in the case of transfers made without opening a bank account, returns the funds to the person who made the transfer based on the passport details specified in the transfer instruction.
If funds are returned due to incorrect or incomplete information provided by the customer (for example, incorrect requisites, closed account, etc.), any expenses incurred by the banks involved in executing the transfer are borne by the customer.
If the execution of the transfer instruction is unsuccessful for reasons beyond the Bank’s control, the paid commission is non-refundable.
From 01.01.2019, for transfers made to the United Arab Emirates, depending on the purpose, it is also necessary to indicate a three-digit “Purpose of Transfer Code” in the transfer details. In the absence of this code, the transfer may be rejected by the beneficiary bank or additional charges may apply.
The Bank has the right not to execute an incomplete or improperly completed electronic payment instruction submitted by the customer. In this case, all costs incurred are borne by the customer.
If the Bank considers a transaction suspicious in accordance with the procedure established by the legislation of the Republic of Armenia, it has the right to suspend it or refuse its execution (including refusal to establish a business relationship with the customer).
The Bank, correspondent bank, or intermediary banks may refuse, suspend, or freeze a transaction, or request additional information regarding the parties to the transfer and its purpose, in accordance with their internal legal acts as well as the requirements of international and domestic legislation, for which the Bank bears no liability. In such cases, all costs incurred are borne by the customer.
For clarifications provided to the correspondent bank regarding transfer requisites, the customer is charged an amount in Armenian dram equivalent to the commission charged by the correspondent bank.
In certain necessary cases, for transfers in US dollars, Acba bank offers the Guaranteed OUR service, under which, in order to avoid additional charges by intermediary banks being deducted from the transferred amount, an additional fee of AMD 10,000 per transfer is charged in addition to the specified commission.
If the transferred foreign currency is converted into Armenian dram and then withdrawn, a cash withdrawal fee is charged to Acba bank customers. In the case of cash withdrawal of funds transferred from a non-cash foreign currency credit, a cash withdrawal fee is charged to the customer.
The Bank is obliged to provide a document confirming the execution of each transfer, indicating the transfer amount, currency, the amount of commission paid, and other details.
Non-account-holder customers are allowed to make transfers via the SWIFT system only up to an amount equivalent to USD 3,000, and via the Bank Mail system only for transfers in Armenian dram up to AMD 5,000,000 (inclusive), except for transfers to the state budget of the Republic of Armenia, for which no limitation applies.
If the beneficiary’s account details are received only via email, in order to avoid fraud it is recommended to contact the beneficiary through another communication channel to reconfirm the account details (see Security Rules).
Schedule for acceptance and execution of payment instructions
| Acceptance and execution of payment instructions at the Bank’s premises | ||||
| Acceptance | Execution | Acceptance | Execution | |
| the Bank_mail system in AMD, USD, and EUR | Until 15:00 | Same business day | After 15:30 | Next business day |
acba digital internet banking
Payment instructions submitted via the acba digital internet banking system within the territory of the Republic of Armenia through the Bank Mail system by 15:30 are executed on the same business day. Instructions submitted after 15:30 and on non-business days are executed on the next business day.
Amendment, cancellation, and inquiry of executed transfer terms
Via the Bank_Mail system within the territory of the Republic of Armenia in AMD, USD, EUR - AMD 2,000
Via the SWIFT system:
in USD, EUR, or other foreign currencies - AMD 25,000
for transfers in Russian rubles and Georgian lari - AMD 10,000
If the transfer has not been sent out of the Bank, no fee is charged for amendment or cancellation.
Correction of errors in a transfer, as well as cancellation of a transfer, are carried out on the basis of the customer’s written application and an identity document, within the capabilities and timeframes of the transferring and receiving banks; usually (according to established practice) this may take from 2 to 5 banking days.
If the person initiating the transfer has submitted a request to cancel the executed transfer, but according to the inquiry, the funds have already been paid or credited, the Bank cannot bear responsibility for the return of the funds.
Transfers to the state budget of the Republic of Armenia are carried out as follows:
For individuals:
upon presentation of an identity document, public services number (PSN), taxpayer identification number (TIN), and TTI territorial code.
In the absence of a PSN, a certificate of non-receipt of a PSN must be submitted.
For legal entities:
upon presentation of the taxpayer identification number (TIN) and the TTI territorial code.
ATTENTION:
SECURITY RULES
What should you do if you have a complaint?
ATTENTION: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.
