Transfers
Converse Transfer
Converse Bank sets a preferential currency exchange rate for all those who will exchange the foreign currency received the above-mentioned fast money transfer system to AMD․
Tariffs and Rates
Transfers 5, 6, 7, 8, 9, 13
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• Intra-bank transfers in AMD
For account holder customers
- In case of submitting the order at the Bank's premises: AMD 500
- In case of submission of the order by remote control systems: 0
For non-account holder customers - 0.1%, minimum - AMD 500
Payroll package execution
- In case of submitting payment order before 16:00, replenishment of card accounts on the same day – 0
- In case of submitting payment order between 16:00 and 18:00, replenishment of card accounts on the same day- AMD 30,000 (lump-sum)
• Transfer from savings account to card through cash desk, Internet and Mobile Banking systems
Transfer to Converse Bank's ArCa, Visa, Mastercard, and UnionPay cards
- Via remote banking systems: 0.3%
- At cash desks: 0.5%, minimum AMD 1,000
Transfer to ArCa, Visa, Mastercard, and UnionPay cards of other banks in Armenia
- Via remote banking systems: 0.3%
- At cash desks: 0.5%, minimum 1,000 AMD
Transfer to Visa, Mastercard, and UnionPay¹⁵ cards of foreign banks
- Via remote banking systems: 1.5%, minimum AMD 500
- At cash desks: 1.5%, minimum AMD 1,000
• Account replenishment in AMD via a card of another bank belonging to an account holder linked to the Converse Mobile application: AMD 0
• Transfers in AMD using the "ArCa Pay" system via phone number:
- Transfers to other banks in Armenia: 0.1%
- Receipt of transfer: 0
• Transfers to other Armenian banks in AMD
For account holder customers
- In case of submitting the payment order at the premises of the Bank – AMD 500
- In case of submitting the payment order by using remote banking systems – 0
- Upon condition of transfer on the same banking day ("Urgent" condition) - 0.1%, minimum - AMD 1000,
For non-account holder customers - 1%, minimum - AMD 1000, maximum AMD 15,000
• Transfers to treasury accounts (RA state or municipal budget)
For account holder customers
- In case of submitting the payment order at the premises of the Bank – AMD 500
- In case of submitting the payment order by using remote banking systems – 0
For non-account holder customers - 1%, minimum - AMD 1000, maximum AMD 15,000
• Transfers of financial organizations, in particular - investment companies, credit organizations, etc. - AMD 3,000, irrespective of the volume of the transfer
• Transfers made to the Central Depository of Armenia or the Servicemen's Insurance Fund -AMD 0
• Transfers from the special social package account, honorary payments account - AMD 0
• Account holder customers’ transfers that cannot be carried out by the Bank's remote control systems AMD 0
• Transfers of insurance premiums for certificates issued as a result of the activity of an insurance agent: AMD 0
• Intra-bank transfers in foreign currencies
- For account holder customers – AMD 0
- For non-account holder customers - 1%, minimum - AMD 1000, maximum AMD 15,000
• Transfers to other banks of RA through correspondent accounts of the Central Bank
In case of submitting the payment order at the premises of the Bank
- Up to USD 10,000/Euro -AMD 3,000
- USD/Euro 10,001 - 40,000 - AMD 5,000
- USD/Euro 40,001 - 100,000 - AMD 7,500
- USD/Euro 100,001 and more – AMD 10,000
In case of submitting the payment order by the remote banking system
- Up to USD/Euro 10,000 -AMD 2,000
- USD/Euro 10,001 - 40,000 - AMD 4,000
- USD/Euro 40,001 - 100,000 - AMD 6,000
- USD/Euro 100,001 and more – AMD 8,000
• Transfers directed to repayment of amounts credited by the Bank and other financial organizations or to repayment of property acquisition liabilities – AMD 0
• Execution of the payment order at the expense of the transferring customer (OUR) 10, 11
In case of submitting the instruction at the premises of the bank
- USD and Euro - 0.14%, minimum - AMD 7,500, maximum - AMD 50,000
- Russian rubles - 0.1%, minimum - AMD 5,000, maximum - AMD 30,000
- in other currencies - 0.15%, minimum - AMD 15,000, maximum -AMD 50,000
- impersonal metal accounts (gold) - 0.15% of the monetary value of the impersonal metal transferred set by the Central Bank of Armenia at the time of the transaction - minimum AMD 15,000
In case of submitting the instruction by using any of the remote banking systems
- USD and EUR - 0.1%, minimum - AMD 7,000, maximum - AMD 45,000
- Russian ruble - 0.08%, minimum - AMD 4,000, maximum - AMD 25,000
- In other currencies - 0.13%, minimum - AMD 12,000, maximum - AMD 50,000
• Guaranteed OUR (the amount reaches the beneficiary in full) 10, 11
In case of submitting the instruction at the premises of the Bank
- USD - USD tariff of "OUR" option, plus AMD 15,000
- for up to EUR 12,500 (inclusively) - AMD 12,000
- for amount in Euro exceeding 12,500 euros - 0.1%, minimum – AMD 15,000, maximum - AMD 50,000
In case of submitting the instruction by using any of the remote banking systems
- USD - USD tariff of "OUR" option, plus AMD 15,000
- for up to EUR 12,500 - AMD 10,000
- for amount in Euro exceeding 12,500 Euros - 0.1%, minimum – AMD 13,000, maximum - AMD 50,000
• Execution of the payment order at the expense of the recipient (BEN) 10, 11
In case of submitting the instruction at the premises of the bank
- USD and EUR - AMD 5,000
- Other currency - 0.15%, minimum - AMD 5,000, maximum - AMD 50,000
In case of submitting the instruction by using any of the remote banking systems
- USD and EUR - AMD 4,000
- Other currencies - 0.13%, minimum - AMD 4,000, maximum - AMD 45,000
• In case of "urgent" transfers1 AMD 10,000 is charged in addition to the corresponding tariff
• Execution of payment order in USD by non-resident legal entities registered in offshore areas included in the list approved by the Government of the Republic of Armenia at the expense of the transferring client (OUR) 10, 12- 0.3%, minimum - AMD 15,000, maximum - AMD 145,000
• Implementation of the transfer request, change of conditions, transfer recall 10, 13
- in AMD - AMD 2,000
- in Russian ruble - AMD 10,000
- in USD 14 - AMD 25,000
- in other currency and impersonal metal account 14 - AMD 30,000
- Intra-bank transfer (in all currencies) - AMD 1,000
• Reversal of transfer by correspondent bank 10
- in AMD – 0
- in Russian ruble - AMD 10,000
- in other currency and impersonal metal account - AMD 25,000
• Accrual of transfer received in foreign currency - by the daily quotation
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5 The indicated tariffs for transfers to card accounts are effective, unless other tariff is set for transfers to card accounts under the conditions of the given card.
6 In separate cases, other tariffs and rates may be set for certain transfers and payments for services through remote systems, including the Converse Mobile application, which will be included in the relevant transaction document/order.
7 Transfers (including impersonal metal) shall be made no later than the day following the date of entry into the Bank and shall be deemed to have been made if the actual withdrawal of the amount specified in the Bank's correspondent account is validated.
8 Transfers in AMD can be made on the same banking day only if the payment order is received by means of any remote system of the Bank before 15:00, and in paper form - before 14:00. The payment orders received after the mentioned hours will be fulfilled on the next banking day.
Transfers on "urgent" conditions can be made on the same banking day only if submitted before 15:00 and upon payment of the corresponding commission.
In case of transferring of amount exceeding AMD 50 million, the Bank reserves the right to reject the transfer on "Urgent" conditions. Transfers to the state budget of the Republic of Armenia on the last working day of the month, marked by the "Urgent" condition are made without charging the corresponding commission.
Transfers in foreign currency are made in the following modes:
If the payment orders in USD and EUR are submitted before 15:00, the transfer will be executed on the same banking day; payment orders received after the indicated time will be executed on the next banking day. Transfers on "urgent" conditions can be executed on the same banking day only if submitted before 17:00 and upon payment of the corresponding commission.
If the payment orders in Russian Rubles are submitted before 12:00, the transfer will be executed on the same banking day; payment orders received after the indicated time will be executed on the next banking day. Transfers on "urgent" conditions can be executed on the same banking day only if submitted before 14:00 and upon payment of the corresponding commission.
Transfers in other currencies are executed within 3 banking days.
9 The bank may independently, without the prior consent of the customer, choose the means of transfer of funds (to the intermediary bank) based on the relevant available bulletins, unless the full route of transfer (intermediary bank) is specified in the payment order submitted by the customer.
10 Tariff includes commissions from correspondent banks, and the costs of third-party banks, if available, are charged in addition to the actual amount, based on the actual value.
11 Transfers of non-account holder customers in other currencies are made only by means of the "BEN" option.
12 Attention: From January 1, 2019, in addition to the details to be filled in for executing international payment orders to the United Arab Emirates in any currency, depending on the purpose of the transfer, the customer should also indicate the code corresponding to the transfer purpose, according to the presented list. If the appropriate code is not indicated in the payment order provided by the customer, the Bank may, at its own discretion, choose one of the codes presented in the list without the prior consent of the customer.
13 If the processing of the payment order has failed due to reasons which are beyond Bank's control, the amount of the commission paid shall not be refundable.
14 In case of inquiries on transfers dating back more than six months, an additional AMD 30,000 will be charged from the customer.
15 Given that the respective transfer option is available.
List of required documents
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Identity documents |
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Account invoice (if necessary) |
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Attention |
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Account operations are performed in the appropriate account currency, except for foreign exchange conversion operations. The latter are carried out at the exchange rates currently effective in the Bank. |
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Fees envisaged by "Tariffs and rates" are charged from AMD accounts and in case of their absence, charges are made from accounts in other currency at non-cash buying exchange rates at the date of charge, established by the Bank for the corresponding currency. |
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Commissions expressed in interest on amounts in foreign currency are calculated and charged in AMD, using the at the non-cash sale exchange rate established for the respective currency as of the date of charging the commission. |
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The Bank is entitled to modify and supplement the "Tariffs and rates" by notifying the Customers in accordance with the contract, by posting a relevant message on its own website (www.conversebank.am), by posting announcements on the Bank's premises, by sending a notification by post, and by any other methods proposed by the Bank selected at the Customer's preference, which is considered a due notification of the Customer. |
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The bank is not responsible for the following: - For delays, errors and damages caused by incomplete or erroneous instructions provided by the customer. - For delays and damages caused by the failure of the communication routes outside the bank. - For the impact of insurmountable force (force majeure), including natural disasters, epidemics, strikes, blockades, coups, hostilities, revolutions, changes in legislation, delays, losses, losses due to decisions of state bodies. |
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In accordance with the RA Law on Combating Money Laundering and Terrorist Financing, on the basis of the Know Your Customer Principle, the Bank may require the Customer to provide additional documents or other information, as well as ask questions during verbal communication, for the purpose of conducting due diligence of the Customer. |
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The Bank may collect additional information in accordance with the terms of an agreement with the US Government under the Foreign Account Tax Compliance Act (FATCA) to determine your eligibility for being a US taxpayer. |
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The account and the client's rights to dispose of the cash on the account may be restricted by a court decision on the basis of an application submitted by the law enforcement bodies or tax authorities or other competent bodies in accordance with the procedure established by law. |
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Withdrawal of funds from the account without the customer's instruction may be carried out by a court decision on the basis of an application submitted by the court enforcement authorities and the tax authorities. These are reflected in the customer's bank account statements, which are provided to the customer in the manner agreed between the Bank and the customer. |
Any disputes and disagreements between the Customer and the Bank shall be resolved first by mutual negotiation, and should the agreement not be reached by such methods, the disputes and disagreements shall be resolved in accordance with the procedure prescribed by the RA legislation both per court procedure, and through financial system obmudsman.
Notice on Financial System Mediator
Please be informed that according to the RA Law on Financial System Mediator, in case of property claims arising out of services rendered to you by Converse Bank CJSC, disputes and disagreements for not exceeding million AMD or equivalent foreign currency may be resolved through the Financial System Mediator.
According to an agreement between the Bank and the Office of the Financial System Mediator, the Bank waives the right to challenge the Financial System Mediator's decisions only in relation to property claims not exceeding 250,000 (two hundred and fifty thousand) AMD or equivalent currency, and on transaction amounts not exceeding 500,000 (five hundred thousand) AMD or equivalent foreign currency.
Address: 0010 Yerevan, Khorenatsi str. 15,
"Elite Plaza" business center, 7th floor
Email: [email protected]
Telephone: (+37460) 70-11-11
Fax: (+37410) 58-24-21:
Contact with the Bank
For more details and more information you can:
visit the Bank's website at https://www.conversebank.am
visit the Bank's Customer Service at the Head Office or any branch
Call: 374 10 511211
Viber: 374 95 511211
Requisites for Receipt of Transfers in Foreign Currency
EUR
GBP
GEL
AED
JPY
CHF
CAD
AUD
CNY
INRThe bank is obliged to provide a document certifying the completion of each transfer, which will indicate the amount of the transfer, the currency, the amount of the commission paid, and other details.
For more information, please contact the Bank Head Office at:
Republic Square
26/1 Vazgen Sargsyan
Tel.: +374 10 511200, +374 10 511211
Please feel free to visit all branches of the Bank.