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Express money transfer system

Sigue Money Transfer

Express money transfer system

Sigue Money Transfer International money transfer system operates in more than 100 countries, such as CIS countries, Baltic countries, Belgium, Austria, Italy, Spain, Israel, France, Sweden, Switzerland, Cyprus, UAE and etc. The system includes more than 23.000 service points.        

  • Comission
    1.3% - 3%
  • Currency
    USD, EUR
    Maximum limit
    5 000 EUR/USD
  • Maximum time
    5-10 minutes

The page was updated 21.11.2017 10:45

Sigue Money 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 can have be amended.
If you are looking at the bulletin on the website of the Bank, please pay attention to the action date of the bulletin.
If you are looking at the bulletin in a paper form, please visit the Bank’s website at for detailed information (paying attention at the action date of the bulletin), apply to any branch of the Bank or call the Bank’s Call center at 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 where the money should be transferred
· Amount and fee
· Full name (name, last name, patronymic) of the beneficiary as given in the passport

The Bank  provides the  receipt to the customer 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 5 000, EUR 5 000


The fee for money transfer made through Sigue Money Transfer system is 1.3-3% of the amount to be transferred, depending on the destination  

Amount to be transferred (USD/EUR)

Fees (USD/EUR)

0 - 100


101 - 200


201 - 300


301 - 400


401 - 500


501 - 750


751 - 1 250


1 251 - 1 750


1 751 - 2 250


2 251 - 2 750


2 751 - 3 000


3 001 - 5 000


· Transfers made through Sigue Money Transfer payment system are with no address,
· The beneficiary can receive the transfer at any service center of Sigue Money Transfer of the given country
· The fee is charged from the sender, in Armenian drams at the rate of the Central Bank of RA as of the given date


CIS countries, as well as other foreign countries, including: Austria, Belgium, Israel, China, Sweden, etc.

Change of requisites of the transfer

· Requisites are 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 callback 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

6 months

Transfers through Sigue Money 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 the delay of payments or  the 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, Converse Transfer, Unistream, Moneytun, Telcell Transfer, MoneyGram


The page was updated 23.03.2020 16:52
Documents to be presented by the sender and the beneficiary to make and receive transfers through Sigue Money Transfer express money transfer system:

  • ID document

The page was updated 20.11.2017 17:55
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.