Transfer from bank accounts

Conditions

Transfers in US Dollars
Correspondent bank charges shall be borne by AraratBank. Any fees charged by intermediary banks shall be deducted from the transferred amount (OUR option).	0.1%, with a minimum of AMD 7,000 and a maximum of AMD 55,000
All charges of the correspondent and intermediary banks shall be deducted from the transferred amount (SHA/BEN option)	0.1%, with a minimum of AMD 5,500 and a maximum of AMD 15,000
Transfers to Russia, regardless of the transfer cost option	0.15%, with a minimum of AMD 50,000 and a maximum of AMD 100,000. An additional correspondent bank charge of EUR 200 shall apply, which will be collected in AMD.
Transfers to Belarus, regardless of the transfer cost option	0.15%, with a minimum of AMD 50,000 and a maximum of AMD 100,000
Transfers to Georgia, regardless of the transfer cost option	AMD 7,000
Transfers in Euro
Correspondent bank charges shall be borne by AraratBank. Any fees charged by intermediary banks shall be deducted from the transferred amount (OUR option).	0.1%, with a minimum of AMD 7,000 and a maximum of AMD 55,000
All charges of the correspondent and intermediary banks shall be deducted from the transferred amount (SHA/BEN option)	0.1%, with a minimum of AMD 7,000 and a maximum of AMD 25,000
Transfers to Russia, regardless of the transfer cost option	0.15%, with a minimum of AMD 50,000 and a maximum of AMD 100,000. An additional correspondent bank charge of EUR 200 shall apply, which will be collected in AMD.
Transfers to Belarus, regardless of the transfer cost option	0.15%, with a minimum of AMD 50,000 and a maximum of AMD 100,000
Transfers to Georgia, regardless of the transfer cost option	AMD 7,000
Transfers in Russian Rubles (RUB)
Transfers executed under the OUR option	0.1%, with a minimum of AMD 2,000 and a maximum of AMD 30,000
Transfers in Georgian Lari (GEL)
Transfers are executed under the OUR option	AMD 7,000
Transfers in Chinese Yuan (CNY) and UAE Dirhams (AED)
Transfers are executed under the OUR option	0.15%, with a minimum of AMD 7,000 and a maximum of AMD 55,000
Transfers in other currencies quoted by AraratBank
Transfers are executed under the OUR option	0.15%, with a minimum of AMD 10,000 and a maximum of AMD 55,000
Other Services
Return of unallocated foreign currency funds received from correspondent banks and adjustment of validity conditions	5%, with a maximum of AMD 7,000
Clarifications regarding inquiries on transfers executed outside the RA territory or processing of inquiries, modification of terms, and cancellation upon customer written request	15,000 ՀՀ դրամ
Processing of inquiries, modification of terms, and cancellation of transfers in any currency executed within the RA territory, upon customer written request	AMD 1,000
Processing of inquiries, modification of terms, and cancellation of intra-bank transfers in any currency upon customer written request	AMD 500
Provision of SWIFT message copies (upon customer request, per document)	AMD 1,000*
Provision of information on the GPI status of SWIFT transfers (upon customer request, per document)	AMD 1,000*

*VAT included

Note:

Transfers in the RA territory shall be made within one banking day.
Where the transferred funds have been already paid out, the Bank shall not be held liable for the return of funds.
When sending the required documents outside the Republic of Armenia, postage costs shall be additionally charged to the account holder.
The Bank's expenses related to the return of transferred funds shall be incurred by the Customer where the return of funds has resulted from provision of inaccurate details by the Customer.

Bank details for payments from abroad

Be aware of fraud

When making an international SWIFT transfer, it is necessary to remain vigilant.

If you receive a message from a partner stating that their company’s banking details have changed, or if a new partner provides banking details where the bank is located in a different country (for example, the partner’s address and the bank’s address are in significantly different countries), before making the transfer it is necessary to:

Re-check the details with the partner
Clarify whether the partner’s bank is located in a different country from the partner
Contact the partner through another communication channel (phone)
Make sure that the email was sent from an official email address

Fraudsters often use fake emails and altered account details.

Transfer from bank accounts

See also