Armenia

Telegraphic transfer

TYPE	DESCRIPTION
Area availability	Available across Armenia
Service type	C2C / C2B / B2C / B2B
Currency	USD, EUR, AMD
Payout channel	Bank transfer
Transaction Turnaround Time	USD, EUR, and AMD T+1 Armenia business day for transaction received before 6pm (GMT+8)* *Processing time may vary based on the beneficiary bank’s cut-off time
Transaction Limit	Compliance daily limit per beneficiary* USD 50,000.00 EUR 45,000.00 AMD 20,000,000.00 *The transaction will be held for review if the sender or receiver exceeds the compliance limit
Amount Received	Beneficiary received net amount as specified by sender
Maximum Beneficiary	No limit
Validation	No account validation
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® Service System and forwarded to the payout channel.
Cancellation Process	Cancellation is on best effort basis
Remarks	Business days in Armenia are from Monday to Friday. The beneficiary’s account currency must match the transaction currency (USD or PHP) to ensure successful crediting. Branch code is optional. If provided, it must contain exactly 3 characters to avoid the transaction from being rejected.
Do_Transfer bAccType Value	11

NO	NAME	SWIFT CODE
1	ARMBROK' OJSC	AROJAM22
2	CENTRAL DEPOSITORY OF ARMENIA' OJS	CDAMAM22
3	FAST BANK' CJSC	FCAOAM22
4	ID BANK' CJSC	ANIKAM22
5	ACBA BANK OJSC	AGCAAM22
6	AMERIABANK (FORMERLY ARMIMPEXBANK)	ARMIAM22
7	AMIO BANK	ARMNAM22
8	ARARATBANK OJSC	ARMCAM22
9	ARDSHINBANK CJSC	ASHBAM22
10	ARDSHININVESTBANK CJSC	MIDLAM22
11	ARMECONOMBANK	ARECAM22
12	ARMSWISSBANK CJSC	ARSJAM22
13	ARTSAKHBANK CJSC	ARTSAM22
14	BYBLOS BANK ARMENIA CJSC	BYBAAM22
15	CENTRAL BANK OF ARMENIA	CBRAAM22
16	CONVERSE BANK CJSC	COVBAM22
17	EVOCABANK CJSC	PRMLAM22
18	HAYPOST CJSC	HACJAM21
19	INECOBANK CJSC	INJSAM22
20	LANDMARK CAPITAL	LAALAM22
21	MELLAT BANK CJSC	BKMTAM21
22	UNIBANK O.J.S.C	UNIJAM22
23	VTB BANK (ARMENIA) CJSC	ARMJAM22