Transfer requirements

• Identification document,
• Full name, country, city of the beneficiary

To receive the transferred amount, it is necessary

• to provide the identification document
• specify the transfer code, consisting of 8 digits and answer a control question, if required

• The Bank shall be obliged to provide a confirmation document for each transfer, specifying the transfer amount, currency and commission fee
• The beneficiary shall receive the amount in full and shall not pay the commission fee.
• Correction of errors in the transaction, as well as cancellation of the transfer shall be carried out within the capacity and time frame of Remitter and Beneficiary banks
• Change of remittance data as well as cancelation thereof shall be carried out based on the written request of the remitter. The rate shall make AMD 1000.
• Remittances that have been carried out cannot be considered void, if the amount has been paid to the beneficiary.
• AraratBank shall not be held liable for the aftermaths occurred due to the transfer of a remittance code by a customer to a third party

Please, refer to http://www.moneygram.com/ for additional information. 

Attantion

• The bank shall not be held liable for the reliability and accuracy of the contents of the linked web-sites, for the advertisements therein as well as for possible consequences arising from the use of information
• "The service of receipt of remittances via Call Centre is not applicable for MoneyGram transfers."

The bank may request additional documents or other information based on the "Know your customer" principle, as well as ask additional questions during oral communication, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing". 

In accordance with the agreement signed with the USA based on the Compliance Act (FATCA), the financial organization may collect additional information to determine whether you are a US taxpayer.