Chat with us, powered by IDBank
Transfers between IDBank and Fora Bank

Transfers
from IDBank to Fora Bank

Approved by
resolution N 260- L of the
Management Board of “IDBank” CJSC
as of August 04, 2021
Applied since August 04, 2021

The terms mentioned in the bulletin can have been changed.
If you are reading the bulletin on the website of the Bank, please pay attention to the action date of the information bulletin.
If you are reading the bulletin on the territory of the Bank or in a paper form, please visit the Bank’s website at www.idbank.am for detailed information (paying attention at the action date of the information bulletin), apply to any branch of the Bank or call the Bank’s Call center at 010 59 33 33 or 060 27 33 33.

INFORMATION BULLETIN ON

Money transfers from IDBank to Fora-Bank

Information required from initiator of transfer *

· Identity document**

· Account/card number of Fora-bank’s current client/ phone number of the Fora bank customer, registered with Fora bank

· amount

· RUB account in IDBank

* For the purpose of proper study of the client as defined by RA law on “Combating money laundering and terrorism financing” the Bank may require additional documents or information based on “Know Your Client” principle.

**The list of identity documents is defined by RA Government decision No 767 dated 22 December, 1999. In case of the information on the current document is available in the Bank the latter is not required.

Money transfers from IDBank to current customers of Fora-Bank are performed:

· On online platforms of “idbanking.am” and “web.idram.am” systems

· Through idram & idbank mobile application.

The Bank provides the client with a receipt confirming each transfer

Currency of transfer

Russian ruble

Transfer speed

Up to 5 minutes

Maximum transfer amount

· 300 000 RUR a day

· 600 000 RUR a month

Tariffs charged from the sender

In the amount of AMD equivalent of 1% of the amount being transferred, minimum RUB 100 equivalent in AMD, maximum RUB 3,000 equivalent in AMD.

The commission fee can be charged from client’s AMD account in the Bank, moreover, conversion of foreign currency is performed at non-cash purchase exchange rate defined by the Bank for the given day.

Geography

· Replenishment of For a Bank’s current clients’ accounts/cards is performed only to the Russian Federation.

The procedure, terms and scope of responsibility applied in case of delay, failure to perform or partial performance of payment and (or) transfer by the financial institution (e.g. damage compensation), as well as the terms of appeal, procedure applied to the appeal and the procedure and means of application of the latter by the consumer related to payments and (or) transfers made by the consumer can be found at the following link: https://www.idbank.am/content/handling-of-customer-complaints/.                  

In case if the initiator of the transfer cancels or recalls the transfer the client shall submit an application to the Bank with the grounds for cancelation or recall mentioned in it. The Bank responds to the client within 10 (ten) business days by approving or rejecting the application stating the corresponding grounds. In case if the transfer is cancelled or recalled the transfer commission fee shall also be returned to the client.

In case if the beneficiary fails to receive the funds the client shall submit an application to the Bank. The Bank reviews the client’s application within 10 (ten) business days and organizes the transfer of the funds to the recipient or return of the funds to the initiator of the transfer. In case if the funds are returned to the initiator of the transfer the Bank shall also return the transfer commission fee.

 

ATTENTION! THE BANK IS CONTROLLED BY THE RA CENTRAL BANK

The page was updated 05.08.2021 15:31
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.