UBPAY

• Submit an identity document in accordance with the RA Government Resolution No. 767 of 22.12.1999 and the transfer code (system codes consist of 12, 14, 16 characters).

• Transfer speed: 5-10 minutes,
• The money transfer must be received within 6 months. In this case, the commission fee is not refundable.
  

• Changing the transfer data, as well as canceling it, is carried out free of charge upon the sender's written application, based on an identification document,
• Transfers made cannot be canceled if the amount has been paid to the recipient and the recipient refuses to return the transferred amount,
• Correction of errors in the transfer, as well as cancellation of the transfer, are carried out within the capabilities and deadlines of the sending and receiving banks,
• In case of transfer cancellation, the amount is returned to the customer without commission,
• If the transferred funds have already been paid, the Bank is not responsible for the refund of the funds.
• The bank accepts the transferred amount, as well as pays the received amount to the client in the transfer currency, as well as, if desired, in another currency by conversion.
• The Bank is not responsible for any consequences arising from the client providing the transfer code or scanned copies of documents to a third party.

Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, Greece, Turkey, Israel, Cyprus.

• The amount of a single transaction cannot exceed: 5,000,000 AMD, 10,000 USD/EUR and 500,000 Russian rubles.
• The amount of one transaction cannot be less than: 1,000 AMD, 2 USD/EUR and 100 Russian rubles,
• The total amount transferred by one person per month cannot exceed: 20,000,000 AMD, or 50,000 USD, 50,000 EUR, or 5,000,000 Russian rubles.

The bank is obliged to provide a document confirming the execution of each transfer, which will indicate the transfer amount, currency, amount of commission paid, and other details.

In order to determine the purpose of the transactions and the real beneficiaries, the Bank may request additional documents, clarifications, and materials in accordance with the procedure established by the RA Law "On Combating Money Laundering and Financing of Terrorism" and may suspend the transactions or refuse to perform them if, in the opinion of the Bank, sufficient evidence substantiating the transactions is not presented.

Dear customers:

We inform you that cases of fraud in which money transfer systems are used have become frequent. Very often, citizens who want to buy a car, electronics and other equipment at attractive prices and on very favorable terms become the "victims" of fraud. Fraudsters publish information about the sale of goods on various Internet sites, then ask the potential buyer via e-mail to transfer a certain amount as an advance payment using money transfer systems. There are also frequent cases when unknown persons send citizens attractive offers via e-mail, promising to transfer a large amount of money to the bank account of the person in question for a certain amount and after resolving certain organizational issues, the source of the origin of which is allegedly a lottery win, inheritance, insurance compensation, etc. In the above-described cases, creating the illusion of “transaction purity,” the fraudsters ask the “victim” not to provide the control number of the transfer sent to them before receiving the goods or a large amount, but demand to send a scanned copy of the documents provided to the buyer during the transfer, hiding the control number in them. Thus, having detailed information about the transfer, the fraudsters manage to receive the entire amount sent.

• Do not transfer funds to unknown or fictitious persons.
• Do not provide the money transfer control number or scanned copies of documents to unknown or unfamiliar persons.
• Question and closely examine the prices of cars, electronics, household appliances, or services being sold that are significantly below their market value or are offered on terms that are very unfavorable to the seller.

It is prohibited to make business, investment and commercial transfers through the System, as well as to use the System to pay for goods or services offered or sold by telephone agents ("telemarketing").