• Fast money transfers are available to individuals without opening a bank account.
• A valid ID is required to send or receive money.
• The Bank provides a transaction confirmation for each transfer, specifying the amount, currency, and applicable fee, along with a receipt for the service. The recipient receives the full transfer amount without paying any fees.
• The Bank offers money transfers in US dollars, euros, Russian rubles, and Armenian drams. To initiate a transfer, customers must provide:

1. A valid ID,
2. The transfer amount and applicable fee,
3. The destination country and city,
4. The recipient’s first name, last name, and patronymic, if stated in the passport.

• The maximum amount per money transfer is RUB 500,000, USD 10,000, EUR 10,000, or AMD 5,000,000, unless otherwise specified by the applicable transfer system rules. Large amounts may not be split into multiple smaller portions.
• The service fee is determined using the CBA’s applicable exchange rate for the day. 
• The sender has priority over the recipient when requesting a transfer cancellation. If the recipient has not yet received the funds, the sender may request the return of funds. The principal amount, excluding fees, will be returned within one business day of submitting the request, unless otherwise provided by the fast money transfer system or the recipient bank’s terms and conditions.
• If the sender identifies an error in the transfer details, they must submit a request specifying the necessary changes. A correction fee of AMD 1,000 applies. Corrections are processed in accordance with the procedures of the applicable transfer system and within one business day of receiving the request, unless otherwise provided by the transfer system or the recipient bank’s terms and conditions.
• ARARATBANK bears no responsibility for consequences resulting from the customer’s disclosure of the transfer code to third parties.

The Bank pays out money transfers in US dollars, euros, Russian rubles, and Armenian drams upon presentation of a valid ID and verification that the transfer code and the recipient’s first name, last name, and patronymic (if stated in the passport) match the transfer details, unless otherwise provided by the applicable money transfer system.

For more information, please contact the Bank’s Call Center at +374 10 59 23 23.