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Transfer from bank accounts
ARARATBANK executed transfers both in local and foreign currency. The service is designed for individuals and legal entities.
Conditions
| Transfers in USD | |
| The bank will incur expenses of the correspondent bank. If there are intermediary bank-related expenses, such expenses shall be charged from the transferred amount (OUR option) | |
| a/ If the paper form of the payment order is provided | 0.15% AMD 10,000 min., AMD 55,000 max. |
| b/ If the payment order is provided via Bank-Customer/Internet Banking systems | 0.1% AMD 10,000 min., AMD 50,000 max. |
| Expenses of correspondent and all intermediary banks shall be charged from the transferred amount (SHA/BEN option) | 0.1% AMD 5,500 min., AMD 15,000 max. |
| Submission of payment orders to the United States and Japan in paper copies, via ARARATMOBILE/Bank-Customer/Internet-Banking systems, irrespective of transfer costs |
0.15%, AMD 15,000 min., AMD 50,000 max. |
| Submission of payment order in a hard copy to Turkey through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs |
0.15%, AMD 15,000 min., AMD 50,000 max. |
| Submission of payment order in a hard copy to Russia and Belorussia through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs |
0.15%, AMD 50,000 min., AMD 100,000 max. |
| Submission of payment order in a hard copy to the Bank of Georgia through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs |
0.15%, AMD 10,000 min., AMD 55,000 max. |
| Money transfers in EURO* | |
| ARARATBANK will incur expenses of the correspondent bank. If there are intermediary bank-related expenses, such expenses shall be charged from the transferred amount (OUR option) | |
| Submission of payment order in a hard copy | |
| up to EUR 12,500 | AMD 10,000 |
| EUR 12,500.01 and over | 0.15%, AMD 13,000 min., AMD 65,000 max. |
| Submission of payment order through AraratMobile/Bank-Customer/Internet Banking systems | |
| up to EUR 12,500 | AMD 10,000 |
| EUR 12,500.01 and over | 0.1%, AMD 12,000 min., AMD 60,000 max. |
| Correspondent and all intermediary bank expenses shall be charged from the transferred amount (SHA/BEN option) | 0.1%, AMD 8,000 min., AMD 20,000 max. |
| Submission of payment order in a hard copy to Turkey through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs | 0.2%, AMD 15,000 min., AMD 60,000 max. |
| Submission of payment order in a hard copy to Russia and Belorussia through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs | 0.15%, AMD 50,000 min., AMD 100,000 max. |
| Submission of payment order in a hard copy to Latvia through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs | 0.15%, AMD 30,000 min., AMD 60,000 max. |
| Submission of payment order in a hard copy to the Bank of Georgia through AraratMobile/Bank-Customer/Internet banking systems, irrespective of transfer costs | 0.15%, AMD 10,000 min., AMD 65,000 max. |
| Transfers in RUB and Georgian Lari | |
| Transfers in RUB shall be made with OUR option | 0.1%, AMD 5,000 min., AMD 100,000 max. |
| Transfers in Georgian Lari shall be made with OUR option | AMD 10,000 |
| Transfers in CHF, GBP, CNY, CAD, AED, KZT, BYN, KGS | |
| ARARATBANK will incur expenses of the correspondent bank. Where there are intermediary bank-related expenses, such expenses shall be charged from the transferred amount (OUR option) |
0.15%, AMD 15,000 min., AMD 55,000 max. Until May 31, 2023, a special rate of 0.15% applies to the Chinese Yuan (CNY) and the UAE Dirham (AED) – AMD 6,000 min. and AMD 60,000 max. |
| Correspondent and all intermediary bank expenses shall be charged from the transferred amount (SHA/BEN option) | 0.15%, AMD 5,000 min., AMD 15,000 max. |
| Transfers in other currencies shall be made in EUR with OUR option and shall be transferred to the beneficiary’s account in the currency requested by customer | 0.2%, AMD 20,000 min., AMD 55,000 max. |
| Refund of unexplained amounts in foreign currency received from correspondent banks, adjustment of validity conditions | |
| USD, EUR, RUB and any other currency | 5%, AMD 10,000 max. |
| Clarification given to correspondent banks regarding transfers made outside the RA territory or inquiries on transfers, change of details and cancelation of transfers based on customer written request | |
| in USD | AMD 30,000 |
| in EUR | AMD 35,000 |
| in RUB | AMD 5,000 |
| in other currency | AMD 25,000 |
| Inquiries on transfers, change of details and cancelation of transfers made in any currency on the RA territory based on customer written request | AMD 500 |
| Inquiries on intrabank transfers in any currency, change of details and cancelation of such transfers based on customer written request | AMD 200 |
| Provision of copies of SWIFT message (upon customer request, for each document) | AMD 1,000 ** |
| Provision of information on SWIFT transfer GPI status (upon customer request, for each document) | AMD 1,000 on each transfer ** |
**VAT included
Note:
- Transfers in the RA territory shall be made within one banking day.
- Where the transferred funds have been already paid out, the Bank shall not be held liable for the return of funds.
- When sending the required documents outside the Republic of Armenia, postage costs shall be additionally charged to the account holder.
- The Bank's expenses related to the return of transferred funds shall be incurred by the Customer where the return of funds has resulted from provision of inaccurate details by the Customer.
Financial assistant
Page updated 03.03.2023 | 14:19
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.
