Internal transfers
Information about internal transfers
Domestic cashless money transfers are mostly conducted through correspondent account in AMD with the Central Bank of Armenia. Remittances within RA are made within one business day. Transfers within the system of “AMIO BANK” CJSC (inter-branch remittances) in local and foreign currencies․
Transfers
“AMIO BANK” CJSC inter-branch and intra-bank transfers:
TRANSFERS
If a payment order is submitted to the Bank after 3:00 p.m. on a banking day and the Express Transfer Service is not used, such payment order shall be deemed received at the beginning of the next banking day and shall be executed no later than the business day following the day of receipt, except for the cases specified in the "Order on Combating Money Laundering and Financing of Terrorism".
If a payment order exceeding AMD 50 million (equivalent foreign currency) is submitted to the Bank: -in paper form after 13:00 on the given day, -in electronic form after 14:00 on the given day, then it is considered received on the next business day and is subject to execution no later than the business day following the day of receipt, except for the cases specified in the "Order on Combating Money Laundering and Financing of Terrorism". The Bank has the right to consider such orders as received on the given business day, if there is an opportunity to carry out such transfers on that day.
*The fee applies for transfers made within the same banking day if the payment order is submitted during the 15:00-15:30 time period, or if the payment order submitted by the customer before 15:00 must be executed by the Bank within 1 hour.
| Account transfers | Transfers without an account | |
|---|---|---|
Inter-branch transfers | | |
In AMD | AMD 0 | 0.1%, min. AMD 500 |
In foreign currency | AMD 0 | 0.1%, min. AMD 3000 |
Inter-bank transfers | | |
In Armenian Dram within Armenia (including transfers to State budget) | AMD 200 | 0.1%, min. AMD 1000 |
Transfers in foreign currency (in USD and EUR through Central bank of Armenia) | 0.1%, min. AMD 3000, max AMD 20000 | 0.1%, min AMD 5000, max. AMD 20000 |
Customs fees | 0.1%, min. AMD 1000 | 0.1%, min. AMD 1000 |
Express transfers* | Transfer fee + AMD 5000 | Transfer fee + AMD 5000 |