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Express money transfer system Converse Transfer

Converse Transfer

Express money transfer system

Converse Transfer money transfer system is an Armenian payment and settlement system, which enables making money transfers within and out of Armenia, to CIS countries, without opening an account.        

  • Comission
  • Currency, which can be transferred:
    Armenian drams, US dollars, EUR, Russian RUB
    Maximum limit
    5 000 000 AMD
  • Maximum time
    5-10 minutes

The page was updated 21.11.2017 10:44

Converse Transfer 

Express money transfer system

by Decision No 399-Լ of the Management Board of “IDBank” CJSC as of September 19, 2019
Enters into force starting September 23, 2019

The terms mentioned in the bulletin may have be amended.
If you are looking through the bulletin on the website of the Bank, please pay attention to the action date of the bulletin.
If you are looking through the bulletin in a paper form, please visit the Bank’s website for detailed information (paying attention at the action date of the bulletin), apply to any branch of the Bank or contact the Bank’s Call center: 010 593333 or 060 273333.

Data to be provided by the initiator of money transfer

· ID document*
· Transfer application in the form verified by the system

· The name of the country and the city to which the money should be transferred
· Amount and fee
· Full name (name, last name, patronymic) of the beneficiary as given in the passport

The Bank willprovide to the customer receipt for each executed transfer

Data to be provided by the beneficiary of the money transfer  **

  • ID document*
  • Unique transfer code
  • Name, last name of the sender,
  • The amount and currency of transfer
  • Receipt application in the form verified by the system

* The list of ID documents is specified by decision N 767 of the RA Government as of December 22, 1999

** The Bank can claim additional documents and information on the basis of   “Know your Customer” principle for the purpose of due diligence to be conducted under the RA Law “On anti-money laundering and counter terrorism financing”.

Transfer currency


Foreign currency exchange is available upon necessity at the rates applicable by the Bank as of the given date

Receipt currency


Foreign currency exchange is available upon necessity at the rates applicable by the Bank as of the given date

Transfer speed

5-10 minutes

Maximum amount per transfer

USD 20 000, EUR 15 000, RUB 600 000, AMD 5 000 000


1% of the transferred amount

· Transfers made through Converse Transfer  payment system are addressed.
· The beneficiary can receive the transfer at any service center of Converse Transfer system located at the city specified in the application

· The fee is charged from the sender, in Armenian drams at the rate of the Central Bank of RA as of the given date


· Transfers in Armenian drams, US dollars, EUR and   Russian roubles are available within the Republic of Armenia and NKR

 · Transfers made from the RF in US dollars, EUR and Russian roubles are available in Armenia and NKR

Change of requisites of the transfer

· Requisites shall be changed on the day of submitting application on change of requisites on the basis of written application and ID document from the service center from which the transfer was effected; with no commission.

· Change of requisites is executed in procedure established by the system.
· Data of the beneficiary (name, last   name, patronymic) can be changed only.

· Only unpaid transfers can be changed.

Cancelling the transfer

· Transfer can be cancelled on the day of application, without additional fees, on the basis of cancellation application and passport details, submitted by the sender on the same day when the transfer was effected; both the transferred amount and the commission are subject to return.

· Only unpaid transfers can be cancelled


· Calling back of the full amount is effected on the basis of call back request submitted by the customer in written form within one banking day or later

· Return of the fee is effected by the system depending on the reason

·  Only unpaid transfers can be returned.

Expiration date of the transfer

30 days

Transfers through Converse Transfer system can be made from any branch of “ID Bank” CJSC 

Procedures (like reimbursement of loss), terms and the scope of responsibility  applicable for delay to pay or transfer, non-fulfillment or partial fulfillment of payment obligations by the financial institution, as well as the terms for appealing payments and (or) transfers made by the consumer, the procedures applicable to appeal, and the manner and means of their application by the consumer are available:

Detailed information on the system is available: .

The Bank also offers other money transfer systems, such as Inteliexpress, Ria Money Transfer, Unistream, Moneytun, Telcell Transfer, Moneygram:


The page was updated 07.04.2021 14:31
Documents to be presented by the sender and the beneficiary to make and receive transfers through “Converse Transfer” system.

  • ID document
The page was updated 20.11.2017 17:04
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.