Want to wire money to Armenia? Considering a wire to transfer money to Armenia? Before you walk into your financial institution to organise it, be sure to check the wire transfer fees. It might come as a shock as to how much the charges will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes it more expensive is in addition to your financial institution imposing a fee for sending the money to a bank in Armenia, the individual receiving the transfer will probably incur a fee at their end. A way to minimise the possibility of this fee is to send the international wire transfer in their local currency.
To process a wire transfer to Armenia, you will possibly need a SWIFT code. These are different for each financial institution and are based on things including the country and individual bank.
Bank wire details for Armenia
- Country – Armenia
- SWIFT Country Code – AM
- Central Bank Name – Central Bank of the Republic of Armenia
- Currency – Dram
- Currency Code – AMD