Chat with us, powered by IDBank
within and out of the Republic of Armenia Transfers

Transfers

within and out of the Republic of Armenia

Money transfer system offered by IDBank enables you to make transfers within and outside the Republic of Armenia, where the beneficiary is released from the obligation to make additional payments.
Upon the receipt of a payment order for transfers denominated in AMD on or before 15:30 the transfer is executedwithin the same banking day; if the payment order is received after the indicated time, the transfer will be executed the following banking day. Express money transfers in Armenian drams within the Republic of Armenia can be executedon the same banking day upon the receipt of the payment order on or before 15:45.
In case of accepting the payment order for transfers in foreign currency before 17:00, the transfer is executed on the same banking day, in case it’s received after the indicated time, the transfer is executed on the next banking day.

Applicable tariffs

Service

Tariff

AMD

3.1

Transfers in AMD within the Republic of Armenia, with an account 

Free

3.2

Express transfers in AMD within the Republic of Armenia, with an account 2

0.1%,

Minimum  500, maximum 10,000

3.3

Transfers in AMD within the Republic of Armenia,  with no account

3.3.1

Up to 100K AMD

3.3.1.1

For transactions for the benefit of legal entities and IE

250

3.3.1.2

For physical persons

100

3.3.2

100 KAMD and above

3.3.2.1

For transactions for the benefit of legal entities and IE

500

3.3.2.2

For physical persons

200

3.4

Between accounts of IDBank , denominated in AMD and foreign currency

Free

3.5

Foreign currency transfers 3

3.5.1

Transfers denominated in foreign currency through bank account

3.5.1.1

In USD, EUR 4, 7

3.5.1.1.1

OUR option

Costs related with execution of payment order  are borne by the transferor 

0.15%,

minimum 6,000,

maximum 50,000

3.5.1.1.2

Guaranteed OUR option

If you chose this option, the beneficiary will receive the full amount 

a) For USD denominated transfers another amount will be charged in addition to the one stipulated in clause 3․5․1․1

12,000

b․1) for EUR up to 12,500 inclusive

12,000

b․2) in case of exceeding 12,500 EUR

0.15%,

minimum 14,000, maximum 50,000

3.5.1.1.3

BEN/SHA option

Costs of the third bank related with the execution of the payment order are charged from the transferring amount

5,000

3.5.1.2

RUB, Lari 4

Is executed by OUR option only, moreover, the beneficiary will receive the full amount

0.05%,

minimum 3,000, maximum 20,000

3.5.1.3

GBP4, 5

OUR option

Costs related with the execution of the payment order are borne by the transferor

0.15%,

minimum 7,000, maximum 50,000

3.5.1.4

CHF, Japanese Yen4, 5

OUR option

Costs related with the execution of the payment order shall be borne by the transferor

0.15%,

minimum 26,000, maximum 50,000

3.5.2

Transfers denominated in foreign currency without opening an account are made in RUB only according to clause 3.5.1.2

3.6

Execution of an order according to the client’s application for withdrawing a payment order or changing payment details, making requests 5,6

3.6.1

In AMD

1,000

3.6.2

EUB, Lari

10,000

3.6.3

Other currency

3.6.3.1

For payment orders with validity period less than 1 year

30,000

3.6.3.2

For payment orders with validity period above 1 year

125,000

3.7

Return of transfer by the correspondent bank 5

3.7.1

In AMD

0

3.7.2

RUB, Lari

10,000

3.7.3

Other currency

20,000

3.8

Providing SWIFT message duplicate 

3,000

3.9

Return of unascertained amounts denominated in foreign currency according to internal legal acts or the request of sending bank

3.9.1

RUB

0

3.9.2

Other currency *

3.9.2.1

Up to USD 500 or equivalent other currency

5,000

3.9.2.2

USD 500 and above or equivalent other currency

15,000

*Is charged from the returned amount in equivalent currency

1 The following schedule is set for acceptance and execution of payment orders other than those set in clause  3.4:   

Acceptance and execution of payment orders

Acceptance

Execution

Acceptance

Execution

AMD

Before  15:30

On the same banking day

After 15:30

The next banking day

Other currency

Before  17:00

On the same banking day

After  17:00

The next banking day


2 Express transfers in AMD within the territory of the Republic of Armenia can be made on the same banking day only upon the submission of the order before 15:45 with the charge of corresponding commission.
3 According to the information bulleting available in the bank, the latter can independently without prior consent of the client, choose the transfer method (intermediary bank) if the full transfer path (intermediary bank) is not indicated in the order submitted by the client.
4 For transfers above  USD 500,000, EUR/CHF 400,000, RUB 30.0 million, GBP 350,000, 50.0 million Yen or Lari 1.0 million (other than transfers made for the purpose of returning deposits placed with the bank) non resident legal entities shall be charged AMD 360,000.
5 Tariffs of the services indicated in these sections include commissions of correspondent banks. The costs of third banks, if any, are charged from the client additionally.
6 In case of dissatisfaction with the execution of the order for reasons beyond the bank’s control, the amount of the paid commission is non-refundable.
7 Transfers of non-residents legal entities denominated in EUR are carried out only according to the OUR or BEN / SHA option.


detailed information on tariffs can be found here.

ATTENTION: THE BANK IS CONTROLLED BY THE RA CENTRAL BANK

The page was updated 23.03.2020 18:07
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.