Instant MIG Transfers
Instant MIG Transfers to Phone Number from Russian Fora-Bank The users of Fora-Bank mobile app can now make transfers directly to cards and bank accounts of AMIO Bank clients indicating only the Recipient's telephone number.
Transfer T&Cs:
- Transfer currency - Russian ruble In case, the customer has another currency, the conversion is carried out at the average exchange rate of the RF ruble set by "AMIO BANK" CJSC at the time of the transaction.
- Currency of amount to be received – RUB*,
- Commission - 1% (of the transferred amount), minimum 100, maximum 10,000 RF rubles (the equivalent AMD is charged)
- Maximum transfer amount - 1 million Russian ruble (daily/monthly)
- Minimum transfer amount - 100 Russian rubles
- Transferor Bank - "AMIO BANK" CJSC
- Recipient Bank - RF “FORA BANK” JSC
- Recipient - "FORA BANK" JSC individual customer who has a bank account/card opened in Russian ruble at "FORA BANK" JSC
- Transfer duration - up to 5 minutes
- Transfer recall and cancellation (return) - It is possible to recall back the transfer only if the transaction has not passed final approval at the Bank. The transfer cannot be cancelled if the amount has already been credited to the Recipient's card/account.
To make instant money transfers it is necessary to:
- Download the mobile app of the Russian Fora Bank
- Select “MIG transfers to Armenia”,
- Enter Recipient's mobile phone number
- Select AMIO Bank Payee Bank, the account from which the transfer amount shall be charged, and enter the amount to be transferred.
To receive a transfer at AMIO Bank you need to:
- Have a bank or card account with AMIO Bank
- The mobile phone number provided to the Bank must be AMIO Bank client’s valid phone number
- Provide the recipient's mobile phone number to the person making the transfer from FORA-Bank
MIG transfers can be made any time on 24/7 mode, on non-business days and holidays. The transfer shall be credited to the Recipient's account instantly.
*In case there is no account in RUB at AMIO Bank, the transfer amount shall automatically be converted to the currency of account (AMD, USD or EUR) existing in the name of the Client. *"AMIO BANK" CJSC may, if necessary, request additional documents or other information based on the "Know your customer" principle, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing"
Updated 03.05.2024 06:07