YEREVAN, January 9. /ARKA/. Armenian ACBA-CREDIT AGRICOLE BANK said it has joined RIA Money Transfers international remittances system. According to a press release of the bank, customers can send and receive money in USD or euros through this system in 136 countries around the world. The maximum transfer amount is USD 5000 or euros. The remittance can be received within 5-10 minutes.
The amount of commission depends on the recipient countries, particularly in Georgia, Ukraine and Moldova it is 3%, in other countries it is 4%. The recipient does not pay commission. Changes to transfer data and cancellation of the transfer are free of charge. But the money transfer is not cancelled if the amount was given to the recipient, and he refuses to return it.
RIA Money Transfers is an international money transfer system for non-commercial purposes between individuals without opening an account. This system is most common in the U.S., Canada and European countries. ACBA-Credit Agricole Bank is a member of international money transfer systems Contact, Migom, Zolotaya Korona, Bystraya Pochta, Money Gram, Avers, Anelik, ACBA Transfer and Blizko.
ACBA-Credit Agricole Bank is owned by French Credit Agricole SA (15.56%), SACAM International (12.44%) as well as by farmers unions in all 10 regions of Armenia. -0-
