Transfers

Resident

Non-resident

Bank transfers and payments tariffs and conditions for non-resident legal entities and individual entrepreneurs - valid from 01.09.2024
N	Currency		AMD	USD	EUR	RUR
Transactions
Transfers ¹, including:
1.1 By visiting the Bank
1.1.1	On the RA territory
1.1.1.1	Intrabank (interbranch) transfers over the account		0	0	0	0
1.1.1.2	Interbank transfers over the account on the RA territory		0	0,1% min 3,000 max 20,000 AMD	0,1% min 3,000 max 20,000 AMD	Service is not available
1.1.1.3	Transfers of item 1.1.1.2:- 50 thousand and more for USD/EUR amounts		Not applicable	0.25%	0.25%	Service is not available
1.1.2	Outside the RA territory ^{2, 3}
1.1.2.1	If the expenses of the correspondent bank are borne by "Ardshinbank" CJSC, and the expenses of all intermediary banks (if any) are charged from the transfer amount (OUR variant) ⁴		Service is not available	0.2 % min 10,000 max 60,000 AMD		0.1% min 4,000 max 30,000 AMD
1.1.2.2	If the expenses of the correspondent bank and all intermediary banks are charged from the transfer amount (SHA variant) ⁵		Service is not available	0.15% min 7,000 max 25,000 AMD		Service is not available
1.1.2.3	If the expenses of the correspondent bank and all intermediary banks are borne by "Ardshinbank" CJSC, then the amount is fully transferred to the beneficiary (without deductions) (GOUR variant)		Service is not available	Variant OUR + 12.000 AMD	Service is not available	Service is not available
1.2 Via Internet-Bank system
1.2.1	On the RA territory
1.2.1.1	Intrabank (interbranch) transfers over the account		0	0	0	0
1.2.1.2	Interbank transfers over the account on the RA territory		0	0,1% min 2,500 max 20,000 AMD	0,1% min 2,500 max 20,000 AMD	Service is not available
1.2.1.3	Transfers of item 1.1.1.2:- 50 thousand and more for USD/EUR amounts		Not applicable	0.25%	0.25%	Service is not available
1.2.2	Outside the RA territory ^{2, 3}
1.2.2.1	If the expenses of the correspondent bank are borne by "Ardshinbank" CJSC, and the expenses of all intermediary banks (if any) are charged from the transfer amount (OUR variant) ⁴		Service is not available	0.15 % min7,000 max 50,000 AMD		0.09% min 3,000 max 30,000 AMD
1.2.2.2	If the expenses of the correspondent bank and all intermediary banks are charged from the transfer amount (SHA variant) ⁵		Service is not available	0.15 % min5,000 max 25,000 AMD		Service is not available
1.2.2.3	If the expenses of the correspondent bank and all intermediary banks are borne by "Ardshinbank" CJSC, then the amount is fully transferred to the beneficiary (without deductions) (GOUR variant)		Service is not available	Variant OUR + 12.000 AMD	Service is not available	Service is not available
Payments, including:
1.3 By visiting the Bank
1.3.1	Utilities and other payments over the account		0	0	0	0
1.3.2	Payments to the state budget over the account		0	Service is not available
1.4 Via Internet-Bank system
1.4.1	Utilities and other payments over the account		0	0	0	0
1.4.2	Payments to the state budget over the account		0	Service is not available
1.5	Urgent transfers ⁶
1.5.1	By visiting the Bank or via Internet-Bank system		Fee for the transfer + 10,000 AMD
1.6	Change of transfer details, including revocation or cancellation of the transfer ⁷
1.6.1	Intrabank (interbranch) transfers over the account		0	0	0	0
1.6.2	Interbank transfers over the account on the RA territory		0	0	0	0
1.6.3	Transfers outside the RA territory and from abroad
1.6.3.1	According to the client’s application		Service is not available	25,000 AMD
1.6.3.2	Return of the remittances received from correspondent banks⁸		Service is not available	AMD 10,000 but no more than the transferred amount
1.7	Transfer search, transfer status check		7,500 AMD
1.8	Recurring payments scheduling ⁹		0
1.9	Crediting money transfers in favor of “Ardshinbank” CJSC Client from outside the Republic of Armenia to the Client`s account		Not applicable	Standart*
1.10	For the benefit of "Ardshinbank" CJSC clients with existing correspondent accounts in RA territory and crediting the amount of 50,000 and more USD/Euro remittances		Not applicable	0.25%			The service is not available
1.11	Providing a copy of the message or document certifying the transfers, no more than 3 months (Providing a copy of the message or document certifying the transfers, valid for 3 months)		free of charge
1.12	Providing a copy of the message or document certifying transfers, more than 3 months old (Providing a copy of the message or document certifying transfers, valid for longer than three months.		3000 AMD
Limitations and terms for processing operations
2.1	Transfer terms, including:		Submission term ¹⁰		Processing term ^11,12
2.1.1	By visiting the Bank	Intrabank	During the operating day until 16:45		Transfer orders submitted before 16:45 pm are carried out during the current operating day within a maximum of 10 minutes, and after 16:45 pm – maximum until the end of the next operating day
		Interbank	During the operating day until 15:00		Transfer orders submitted before 15:00 pm are carried out during the current operating day, and after 15:00 pm – maximum until the end of the next operating day
2.1.2	Via Internet-Bank system	Intrabank	24/7		Transfer orders submitted before 19:00 pm are carried out during the current operating day within a maximum of 10 minutes, and after 19:00 pm – maximum until the end of the next operating day
		Interbank			Transfer orders submitted before 15:00 pm are carried out during the current operating day, and after 15:00 pm – maximum until the end of the next operating day
2.2	Payments to the state budget, including:		Submission term		Processing term
2.2.1	By visiting the Bank		During the operating day until 15:00		Transfer orders submitted before 15:00 pm are carried out during the current operating day within a maximum of 10 minutes, and after 15:00 pm – maximum until the end of the next operating day
2.2.2	Via Internet-Bank system		24/7
2.3	Urgent transfers, including:		Submission term		Processing term
2.3.1	By visiting the Bank or Via Internet-Bank system		from 9:15 to 15:30		Transfer orders submitted before 15:30 pm are carried out during the current operating day, and after 15:30 pm – on the next operating day

¹Commission, expressed as a percentage of the amount in foreign currency, is charged in AMD. In case of insufficient funds in AMD on the Client's accounts with the Bank, the Bank is entitled to convert the amount of the commission or a part of it from funds in foreign currency at the current exchange rate set by the Bank.

2The Bank may, upon necessity without the Client’s prior consent, independently choose the route for transferring resources (to the correspondent bank).

Meantime upon necessity, the Bank may, independently, without the Client’s prior consent, change any intermediary bank introduced by the customer, provided the payment assignment submitted by the customer specifies any intermediary bank. Depending on the number of intermediary banks, the amount may reach the beneficiary (recipient) with certain deductions.

3Transfers are made from the Client's bank account.

4For transfers quoted in the Bank in other currencies (except EUR and RUB), this tariff is the same as the USD tariff, and for transfers in non-quoted currencies the tariff is set at 0.2% min 10,000 AMD max 80,000 AMD.

5For transfers quoted in the Bank in other currencies (except RUB), this tariff is the same as the USD/EUR tariff, and for transfers in non-quoted currencies, the tariff is set at 0.25% min 18,000 AMD max 100,000 AMD:

6Urgent transfers do not include transfers outside the Republic of Armenia.

7.Change of details and cancellation of the payment order at the request of the Client prior to the actual execution of the transfer by the Bank is free of charge. Cancellation of a payment order is carried out in the manner prescribed by law. If the transferred funds have already been paid to the beneficiary, the Bank is not further responsible for return of such amounts.

8 Commission shall be charged from the transferred amount. If the sum is below AMD 10,000, no fees shall be charged.

9 The tariff refers only to drafting of a recurring payment order. Transfers are carried out according to the tariff established for the given type of transfer.

10 For branches working 24/7, on extended hours and on weekends, orders are submitted in accordance with the branch working schedule.

11 The term refers to the procession of the transaction by the Bank.

12 The operational days include the business hours from Monday to Friday.

* The standard tariff is established at 0 (zero). The standard tariff is published on the Bank’s website at www.ardshinbank.am. The standard tariffs may be revised by the Bank in accordance with the Bank’s tariff policies.

* The tariff specified in 1.1.1.3, 1.9 and 1.10 hereof shall refer to the sum total of the respective currencies sent to, or received from, the same person by the Customer within the same day.

The Bank shall be entitled, in cases prescribed by the legislation of the Republic of Armenia, as well as deeming the transaction suspicious in a manner prescribed by the legislation of the Republic of Armenia, to suspend, or refuse to perform, the transaction (inter alia, refuse to establish business ties with the customer).

The specified tariffs do not apply to financial institutions, unless otherwise stipulated by the contract (except for credit organizations, organizations that are performing processing and clearing of payment instruments and settlement documents and insurance companies). Tariffs for these institutions are defined by the contract signed between "Ardshinbank" CJSC and the financial institutions.

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