Transfers

 


   

AMD2 0
AMD cash transfers/payments/ service without account opening3
up to AMD 100,000 AMD 200
AMD 100,001 - AMD 500,000 AMD 500
AMD500,001-AMD1,000,000 AMD1,000
AMD 1,000,001 - AMD 3,000,000  AMD1,500
AMD 3,000,001 - AMD5,000,000 AMD 3,000
AMD5,000,001 and more AMD AMD 5,000
in ARMECONOMBANK OJSC branches 0
Foreign currency intra-bank transfers/payments/ 3
up to USD 500 or equivalent currency AMD 500
USD 501, USD 1,000 or equivalent currency AMD1,000
USD 1,001, USD 5,000 or equivalent currency AMD 3,000
USD 5,001 or more of equivalent foreign currency AMD 5,000
in ARMECONOMBANK OJSC branches 0
SWIFT transfers with foreign currency out of ARMECONOMBANK OJSC4
USD
OUR option5 0.2%0, min AMD 6,000, max AMD 75,000
Garanteed OUR option6 0.2%, min AMD 6,000 max AMD 75,000 + additional AMD 5,000
BEN option7 AMD 5,000
EURO
OUR option8_ Up to EUR 2,000 AMD 6,000
OUR option8_ EUR 2000.01 and more 0.2%, min AMD 9,000 max AMD 75,000
BEN option AMD 5,000
Other currencies
RUR(only in OUR option) 0.1%, min AMD 5,000,  max AMD 50,000
Great British pounds (only in OUR option)0.2%, min AMD 9,000, max AMD 50,000
Georgian lari (only in OUR option) AMD 10,000
Other currency (is executed with BEN option: In some cases it is possible to apply the OUR option, the customer's account my charge additional by the application form costumer) 0.2%, min AMD 9,000, max AMD 75,000
USD and EUR currencies inside the Republic of Armenia
up to USD 20,000or EUR 20,000 AMD 5,000
USD or EUR 20,001and more AMD 10,000
Terms amendment, cancellation9 of implemented transfers10
Implemented transfers can’t be cancelled, if the amount beneficiary refuses to return the transferred amount
AMD11 AMD 2,000
RUR AMD 5,000
EUR AMD 35,000 (additional fee representing the fee charged by intermediary bank for this service may be charged)
USD and other currency AMD 30,000
Terms amendment and/or cancellation of foreign currency transfers (except INTELEXPRESS and MoneyGram systems) AMD 3,000
Terms amendment and/or cancellation of foreign currency intra-bank (in “ARMECONOMBANK” OJSC) transfers AMD1,000
Reversal of transfers in accordance with internal regulations 0.2% min AMD10,000
Return of correspondent banks foreign currency amounts to the correspondent banks12
RUR 0.1% min AMD 5,000
EUR
up to 300 EUR AMD 5,000
EUR 300.01 and more 0.2% min AMD10,000
USD
up to USD 300 AMD 5,000
USD 300.01 and more 0.2% min AMD10,000
Other currency 0.2% min AMD10,000
Foreign currency amount recovery to correspondent banks based on customer request12
RUR 0.1% min AMD 5,000
EUR 0.2% min AMD 5,000
USD and other currency 0.2% min AMD 5,000

  1. A) The transfers inside and outside of RA are made no later than the next banking day, B) In case of transfers in RA territory, term amendment and/or cancellation is carried out during 3-5 business days (except payments in state and local budget). The executed transfers can't be cancelled if the amount beneficiary refuses to return the amount transferred.
  2.  During the execution of cashless AMD transfers from ARMECONOMBANK OJSC customer accounts in RA territory and without the customer's payment order , for each executed transfer AMD100 is charged (except payment orders for technical inspection checks and social package account service).
  3.  Payments to Credit and child deposit accounts by other people in the territorial subdivision (branch or CSD) as well as AMD transfers as facility fee to preschool institution accounts are FREE.
  4.  A) AMD,USD and EUR transfers to Latvian NORVIK bank's customers' accounts are executed only by OUR option, AMD3,000 commission fee is charged regardless the amount, B) n the case of the currency transfers by transit account, additional 3000 AMD is charged except the submitted fee.
  5. In some cases, depending on the transmission path, some reporters may be sent to SHA format.
  6. In case of USD transfers, when the customer avoids commission fee from the transferred amount, ARMECONOMBANK OJSC offers "Guaranteed OUR" transfer type option, in which case the correspondent bank's fee(s) will be paid by ARMECONOMBANK OJSC.
  7. Correspondent banks commission fees are charged from the amount transferred.
  8. In case of EUR transfer, correspondent bank commission fees are paid by ARMECONOMBANK OJSC.
  9. Dispensed transfers from ARMECONOMBANK OJSC correspondent accounts.
  10. Data amendments on utility payments and transfers towards loan repayment in ARMECONOMBANK OJSC by AEB borrowers are FREE of charge.
  11. Charged from the returned amount. The tariff does not apply for unidentified foreign currency transfers from BANK OF GEORGIA. TBILISI GEORGIA.
  12. If the transfer isn't out of ARMECONOMBANK OJSC, then terms amendment/cancellation tariff isn't charged.
  13. An additional service fee may be charged by third side bank.

As one of the most actively operating bank's in the sphere of foreign hard and soft currency transfers, ARMECONOMBANK OJSC, to meet its customer's payment/settlement requirements, to cut the time of making commercial transfers and to rise the quality of transfers has established correspondent relations with banks operated in different countries located in foreign countries to meet the payment/settlement needs of its Customers,

During opening of correspondent account the following bank indicators are scrutinized:

Financial stability of the country in which the bank is registered,

Financial and economic stability of the country in which the bank is registered,

The bank's financial stability,

The bank's high international rating,

Membership to widely recognized International Payment Systems,

Existence of a wide network of correspondent accounts,

Existence of branch network in different countries,

Fast and secure performance of transfers,

Lower commission fees for correspondent accounts.

Correspondent accounts in RA and abroad
RA and foreign bank correspondent accounts in ARMECONOMBANK OJSC

 


   

AMD2 0
AMD cash transfers/payments/ service without account opening3
up to AMD 100,000 AMD 200
AMD 100,001 - AMD 500,000 AMD 500
AMD500,001-AMD1,000,000 AMD1,000
AMD 1,000,001 - AMD 3,000,000  AMD1,500
AMD 3,000,001 - AMD5,000,000 AMD 3,000
AMD5,000,001 and more AMD AMD 5,000
in ARMECONOMBANK OJSC branches 0
Foreign currency intra-bank transfers/payments/ 3
up to USD 500 or equivalent currency AMD 500
USD 501, USD 1,000 or equivalent currency AMD1,000
USD 1,001, USD 5,000 or equivalent currency AMD 3,000
USD 5,001 or more of equivalent foreign currency AMD 5,000
in ARMECONOMBANK OJSC branches 0
SWIFT transfers with foreign currency out of ARMECONOMBANK OJSC4
USD
OUR option5 0.2%0, min AMD 6,000, max AMD 75,000
Garanteed OUR option6 0.2%, min AMD 6,000 max AMD 75,000 + additional AMD 5,000
BEN option7 AMD 5,000
EURO
OUR option8_ Up to EUR 2,000 AMD 6,000
OUR option8_ EUR 2000.01 and more 0.2%, min AMD 9,000 max AMD 75,000
BEN option AMD 5,000
Other currencies
RUR(only in OUR option) 0.1%, min AMD 5,000,  max AMD 50,000
Great British pounds (only in OUR option)0.2%, min AMD 9,000, max AMD 50,000
Georgian lari (only in OUR option) AMD 10,000
Other currency (is executed with BEN option: In some cases it is possible to apply the OUR option, the customer's account my charge additional by the application form costumer) 0.2%, min AMD 9,000, max AMD 75,000
USD and EUR currencies inside the Republic of Armenia
up to USD 20,000or EUR 20,000 AMD 5,000
USD or EUR 20,001and more AMD 10,000
Terms amendment, cancellation9 of implemented transfers10
Implemented transfers can’t be cancelled, if the amount beneficiary refuses to return the transferred amount
AMD11 AMD 2,000
RUR AMD 5,000
EUR AMD 35,000 (additional fee representing the fee charged by intermediary bank for this service may be charged)
USD and other currency AMD 30,000
Terms amendment and/or cancellation of foreign currency transfers (except INTELEXPRESS and MoneyGram systems) AMD 3,000
Terms amendment and/or cancellation of foreign currency intra-bank (in “ARMECONOMBANK” OJSC) transfers AMD1,000
Reversal of transfers in accordance with internal regulations 0.2% min AMD10,000
Return of correspondent banks foreign currency amounts to the correspondent banks12
RUR 0.1% min AMD 5,000
EUR
up to 300 EUR AMD 5,000
EUR 300.01 and more 0.2% min AMD10,000
USD
up to USD 300 AMD 5,000
USD 300.01 and more 0.2% min AMD10,000
Other currency 0.2% min AMD10,000
Foreign currency amount recovery to correspondent banks based on customer request12
RUR 0.1% min AMD 5,000
EUR 0.2% min AMD 5,000
USD and other currency 0.2% min AMD 5,000

  1. A) The transfers inside and outside of RA are made no later than the next banking day, B) In case of transfers in RA territory, term amendment and/or cancellation is carried out during 3-5 business days (except payments in state and local budget). The executed transfers can't be cancelled if the amount beneficiary refuses to return the amount transferred.
  2.  During the execution of cashless AMD transfers from ARMECONOMBANK OJSC customer accounts in RA territory and without the customer's payment order , for each executed transfer AMD100 is charged (except payment orders for technical inspection checks and social package account service).
  3.  Payments to Credit and child deposit accounts by other people in the territorial subdivision (branch or CSD) as well as AMD transfers as facility fee to preschool institution accounts are FREE.
  4.  A) AMD,USD and EUR transfers to Latvian NORVIK bank's customers' accounts are executed only by OUR option, AMD3,000 commission fee is charged regardless the amount, B) n the case of the currency transfers by transit account, additional 3000 AMD is charged except the submitted fee.
  5. In some cases, depending on the transmission path, some reporters may be sent to SHA format.
  6. In case of USD transfers, when the customer avoids commission fee from the transferred amount, ARMECONOMBANK OJSC offers "Guaranteed OUR" transfer type option, in which case the correspondent bank's fee(s) will be paid by ARMECONOMBANK OJSC.
  7. Correspondent banks commission fees are charged from the amount transferred.
  8. In case of EUR transfer, correspondent bank commission fees are paid by ARMECONOMBANK OJSC.
  9. Dispensed transfers from ARMECONOMBANK OJSC correspondent accounts.
  10. Data amendments on utility payments and transfers towards loan repayment in ARMECONOMBANK OJSC by AEB borrowers are FREE of charge.
  11. Charged from the returned amount. The tariff does not apply for unidentified foreign currency transfers from BANK OF GEORGIA. TBILISI GEORGIA.
  12. If the transfer isn't out of ARMECONOMBANK OJSC, then terms amendment/cancellation tariff isn't charged.
  13. An additional service fee may be charged by third side bank.

As one of the most actively operating bank's in the sphere of foreign hard and soft currency transfers, ARMECONOMBANK OJSC, to meet its customer's payment/settlement requirements, to cut the time of making commercial transfers and to rise the quality of transfers has established correspondent relations with banks operated in different countries located in foreign countries to meet the payment/settlement needs of its Customers,

During opening of correspondent account the following bank indicators are scrutinized:

Financial stability of the country in which the bank is registered,

Financial and economic stability of the country in which the bank is registered,

The bank's financial stability,

The bank's high international rating,

Membership to widely recognized International Payment Systems,

Existence of a wide network of correspondent accounts,

Existence of branch network in different countries,

Fast and secure performance of transfers,

Lower commission fees for correspondent accounts.

Correspondent accounts in RA and abroad
RA and foreign bank correspondent accounts in ARMECONOMBANK OJSC
Last modified on Thursday, 17 November 2016 14:35