Make fast transfers without opening an account, at minimal cost and risk.
Up to AMD 1,000,000 - AMD 500AMD
1,000,001 and above - AMD 1,000
AMD 5,000 *Only transfers of up to USD 3,000 (inclusive) or the equivalent amount are allowed.
To receive transferred funds and to carry out transfers, the customer must present an identity document in accordance with Decision No. 767 of the RA Government dated 22.12.1999.
When processing an international foreign currency transfer, the Bank may independently select the transfer route (intermediary bank), in accordance with the banking information available at the Bank, without obtaining the customer’s prior consent.
The bank is obliged to provide a document confirming the execution of each transfer, indicating the transfer amount, currency, the paid commission fee, and other relevant details.
For customers without a bank account, transfers via the SWIFT system are allowed only up to the equivalent of USD 3,000, while transfers via the Bank Mail system are allowed only in AMD and up to AMD 5,000,000 (inclusive), except for transfers to the state budget of the Republic of Armenia, for which no limit applies.
Schedule for acceptance and execution of paper payment orders
| Acceptance and execution of payment orders on the bank's premises | ||||
| Acceptance | Execution | Acceptance | Execution | |
| Within the RA territory in AMD, USD, and EUR via the Bank Mail system | Until 15:00 | Same business day | After 15:00 | Next business day |
| Foreign currency transfers via the SWIFT system | Until 16:00 | Same business day | ||
Transfers under the “Urgent” condition are executed on the same business day if the payment order is submitted to the bank via the Bank Mail system between 15:00 and 15:30, or via the SWIFT system between 16:00 and 16:30.
Payment orders submitted via the acba digital internet banking system within the Republic of Armenia through the Bank Mail system by 15:30 are executed on the same business day. Payment orders submitted after 15:30 or on non-business days are executed on the next business day.
Changing the terms of a completed transfer, canceling it, and making inquiries
Via Bank_mail system within the Republic of Armenia, in AMD, USD, EUR: AMD 2,000
If the transfer has not left the Bank, the fee for changing/cancelling the terms is not charged. Corrections of errors in a transfer, as well as cancellation, are carried out based on the customer’s written request and identity document, within the possibilities and timelines of the sending and receiving banks. Typically, this process may take 2–5 banking days. If the initiator of the transfer submits a cancellation request but, according to the inquiry, the funds have already been paid or accounted for, the bank cannot be held responsible for the return of the funds.
Transfers to the RA state budget are made
For individuals: transfers can be made if the following are provided: an identity document, public service number (SSN), taxpayer identification number (TIN), and the territorial tax inspectorate (TTI) code. If the SSN is not available, a certificate of SSN non-issuance must be submitted.
For legal entities: transfers can be made upon submission of the taxpayer identification number (TIN) and the territorial tax inspectorate (TTI) code.
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