General Terms of International Money Transfers
  • Transfers are carried out in Armenian drams and foreign currencies in accordance with below mentioned terms and tariffs.
  • Commissions are charged in AMD, based on the CBA’s average exchange rate defined for AMD on the due day of the transaction. In case of lack or insufficient amount in the Customer’s AMD account, the commission for the transaction shall be charged by the Bank from the Customer’s foreign currency account by converting the foreign currency into AMD on the currency exchange market’s average exchange rate on the due day of the transaction
  • The Bank provides the Customer with the corresponding receipt for the transfer conducted.
  • Changes in the transfer requisites/amendments are made upon the Sender’s application and provision of ID at the servicing point where the money transfer transaction has been carried out.
  • The Bank is not responsible for direct and indirect charges and losses of any party of the transfer, if such has been arisen as a result of Bank’s actions under money laundering and terrorism preventing measures, as well as in compliance with other requirements of the RA legislation.
  • The Bank is not responsible for the Customer’s orders delay, mistakes and losses as a result of the mistakes, if they have been arisen in the following cases:

             - Customer’s wrong or not clears orders

            - Telecommunications malfunction

            - Restrictions to the Customer set by a third authorized party

            - Force majeure (natural disasters, pandemics, earthquakes, strikes, blockades, declarations of states of war and emergency, acts of state agencies, etc.) 

  • Charges for international money transfers can be distributed between the Sender and the Beneficiary as follows:

             - OUR option:the commissions set by Artsakhbank and of an intermediary bank/s are charged from the Sender.
             - BEN option: the Sender shall pay the commissions set by Artsakhbank only, while charges of an intermediary bank/s are charged from the Beneficiary upon the receipt of the transfer.

 

Transfer Schedule
Currency Transfer Deadline
Intrabank Transactions
 
AMD Foreign Currency

 

17:00,in case of receiving order via Internet Bank:
Interbank
 
AMD 14:00, in case of receiving order via Internet Bank: 15:30
USD, Euro, RUB 15:00,in case of receiving order via Internet Bank: 16:30
  • The schedule is applicable for transfers under AMD 50 mln or equivalent foreign currency.
  • For transfers of more than AMD 50 mln or equivalent foreign currencies, both mentioned and other currencies, the orders received from the Customer after the defined deadline within the same business day, the service is provided on the principle of "if possible".
  • In other cases remittance orders are conducted on the next business day.
 
Remittanceces Tariffs and Terms

 

 Intrabank Transfers
 
Transfers within Artsakhbank accounts AMD 0
 Interbank transfers
 
Transfer from banking account
 
AMD 0․0% 
USD
Euro
0.1%, AMD 2 000 Min and AMD 5 000 Max
Utility Payments (for electricity, gaz, water, garbage and other utilities)
AMD 0
Provision of a technical inspection coupons
 
Payment of technical inspection charges and provision of a coupon AMD 1 000
Prоvision of the technical inspection coupon for the second time AMD 2 000
International Money Transfer1
 
BEN 2
USD, EUR AMD 2 000
OUR 3
USD 0.15%, AMD 7 000 Min and AMD 40 000 Max
RUB 0.1%, AMD 3 000 Min and AMD 15 000 Max
EUR
Other currencies4
0.15%, AMD 6 000 Min and AMD 30 000 Max
Guaranteed OUR5
USD Fee for OUR + AMD 10 000
Urgent Transfers
 
Throughout Armenia and Artsakh6
AMD
USD
EUR
Additional AMD 6 000
Urgent Transfers7
In foreign currency Additional AMD 6 000
Payment Order Prepairment  (Inclusive of VAT)
 
AMD AMD 300 
in foreign currency AMD 1 000 
Transfer cancellation or changes in the data provided for transfer on Customer’s Claim
 this service is provided on the principle of "if possible", and in case of a negative result, the Bank is not responsible for non-execution of the transfer by third parties.
 
For Legal Entities and Private Entrepreneurs AMD 5 000 
For International Transfers
RUB AMD 5 000
Other foreign currency AMD 25 000 
Requests on Executed Transfer on Customer’s Claim 
This service is provided on the principle of "if possible", and in case of a negative result, the Bank is not responsible for non-execution of the transfer by third parties.
 
For Transfers in AMD AMD 3 000 
For Transfers in RUB AMD 10 000 
For Transfers in other foreign currency AMD 30 000 
Money Transfer from the Escrow account to the Seller’s account
0.05%, AMD 15 000 Min and AMD 100 000 Max
Commissions are applicable for transfers under AMD 50 mln or equivalent foreign currency. For transfers of higher amount the mentioned commissions are considered as benchmark and at the time of the transaction a new commission can be set in accordance with the Bank’s regulations.
In case of BEN transfer the commissions of an intermediary bank is charged from the Beneficiary.
3 In case of OUR transfer the commissions of an intermediary bank is charged from the Remitter.
4 The possibility of making a transaction in a specific currency is to be approved by the the Bank’s Non-cash Transactions Management Division.
5 In case of Guaranteed OUR transfer the amount is received by the Beneficiary in full.
6 This service is provided on the principle of "if possible", and in case of a negative result, the Bank is not responsible for non-execution of the transfer by third parties. 
This service is provided on the principle of "if possible", and in case of a negative result, the Bank is not responsible for non-execution of the transfer by third parties. The service is provided upon the Banks’ Non-cash Flow and Cash Management Division.