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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 AMD | |
| Transfers from account | Free of charge |
| Crediting received amounts to account | Free of charge |
| Intrabank transfers without opening account | 0.1% of the transaction amount AMD 200 minimum AMD 3,000 maximum |
| Transfers in foreign currency | |
| In foreign currency on the RA territory | AMD 5,000 |
| Between the Bank’s account holders (between branches) | Free of charge |
| Intrabank transfers without opening account | 0.1% of the transaction amount AMD 300 minimum AMD 3,000 maximum |
| Transfers out of the bank system | |
| 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 6000 minimum AMD 50000 maximum |
| b/ If the payment order is provided via Bank-Customer/Internet Banking systems | 0.1% AMD 5500 minimum AMD 45000 maximum |
| The bank will incur expenses of the correspondent bank and all intermediary banks (Guaranteed OUR option) | OUR option rate + AMD 10000 |
| Expenses of correspondent and all intermediary banks shall be charged from the transferred amount (SHA/BEN option) | 0.1% AMD 5000 minimum AMD 12000 maximum |
| Where a hard copy of the payment order is submitted — irrespective of the transfer amount to Turkey — whether through Bank-Customer, or internet banking systems |
0.15% shall be applied. Min. amount AMD 15,000, Max. amount AMD 50,000 |
| Transfers in EUR | |
| ARARATBANK OJSC 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) | |
| If the paper form of the payment order is provided | 0.15% AMD 7000 minimum AMD 50000 maximum |
| If the payment order is provided via Bank-Customer/Internet Banking systems | 0.1% AMD 6500 minimum AMD 45000 maximum |
| Expenses of correspondent and all intermediary banks shall be charged from the transferred amount (SHA/BEN option) | 0.1% AMD 5000 minimum AMD 12000 maximum |
| Where a hard copy of the payment order is submitted — irrespective of the transfer amount to Turkey — whether through Bank-Customer, or internet banking systems | 0.15% shall be applied. Min. amount AMD 15,000, Max. amount AMD 50,000 |
| Transfers in RUB and Georgian Lari | |
| Transfers in RUB and Georgian Lari shall be made wth OUR option | 0,1% AMD 5,000 minimum AMD 30,000 maximum |
| Transfers in CHF, GBP, AUD, CAD, AED, JPY, KZT, BYN and KGS | |
| ARARATBANK OJSC 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) | |
| If the paper form of the payment order is provided | 0.15% AMD 12000 minimum AMD 50000 maximum |
| If the payment order is provided via Bank-Customer/Internet Banking systems | 0.1% AMD 10000 minimum AMD 50000 maximum |
| Expenses of correspondent and all intermediary banks shall be charged from the transferred amount (SHA/BEN option) | 0.15% AMD 5000 minimum AMD 12000 maximum |
| CHF currency – provision of payment order on paper | 0,15% (no less than AMD 15000 and no more than AMD 50000) |
| CHF currency – provision of payment order electronically | 0,15% (no less than AMD 12000 and no more than AMD 50000) |
| CHF currency - provision of payment order on paper or electronically (SHA/BEN version) | 0,1% (no less than AMD 10000 and no more than AMD 30000) |
| Where a hard copy of the payment order is submitted — irrespective of the transfer amount to Turkey — whether through Bank-Customer, or internet banking systems | 0.15% shall be applied. Min. amount AMD 15,000, Max. amount AMD 50,000 |
| Transfers in other currencies at the Bank – transfer shall be made in USD with OUR option, which shall be transferred to the beneficiary’s account in the currency the customer has requested. | 0.2% AMD 20000 minimum AMD 55000 maximum |
| Transfers in gold (999.9) | |
| Intrabank | Free of charge |
| Other RA banks and abroad | AMD 25,000 (for each credit and debit) |
| Return of the unknown foreign currency received from correspondent banks or specification of details | |
| USD, EUR, RUB and any other foreign currency | 3% AMD 5,000 maximum |
| Inquiries about transfers, change of details and cancelation of transfers beyond the borders of the Republic of Armenia based on the customer written request | |
| a/ in USD | AMD 30,000.00 |
| b/ in EUR | AMD 35,000.00 |
| c/ in RUB | AMD 5,000.00 |
| d/ in other currency | AMD 25,000.00 |
| Inquiries about transfers in any currency, change of details and cancelation of such transfers on the territory of the Republic of Armenia based on the customer written request | AMD 500.00 |
| Inquiries about intrabank transfers in any currency, change of details and cancelation of such transfers based on the customer written request | AMD 200 |
| Providing the copies of SWIFT message (upon customer request, for each document) | AMD 1000* |
| Clarifications on the transfer details provided to the correspondent bank | AMD equivalent to the commission fee charged by the correspondent bank |
| Change of trensfer details through fast remittance systems | AMD 1000 |
| Transfers between branches of Italy-based BANCA POPOLARE DI SONDRIO and individuals of ARARATBANK OJSC Terms and conditions for receiving cash or crediting amounts to account |
|
| Type of transactions/Transfer amount | Charge from the sending customer |
| Transfer through crediting cash /up to EUR 999.99 | EUR 8 |
| Transfer from account /up to EUR 5000 | EUR 8 |
| Transfer from account / EUR 5000-9970 | EUR 14 |
| Maximum amount transferred through crediting cash is EUR 999.99. In case of bank transfer - maximum EUR 9970 within one week | |
*Including VAT Note.
1. Transfers on the territory of the Republic of Armenia shall be made within one banking day.
2. If the funds to be transferred are already paid, the Bank shall not be held liable for the return of funds.
3. If the funds are returned due to the customer fault (e.g. inaccurate details), bank expenses shall be incurred by the customer.
4. If the required documents are sent beyond the borders of the Republic of Armenia, postage shall be additionally charged from the account holder.
Correspondent banks
Accountholder: ARARATBANK OJSC
Address: Republic of Armenia, Yerevan, Head Office
SWIFT code՝ ARMCAM22
LIST OF CORRESPONDENT ACCOUNTS
Financial assistant
Page updated 10.11.2022 | 09:42
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.
