Where the foreign currency exchange transaction amount is below AMD 400,000 AMD, an ID is not required.

Yes, you may buy or sell cashless currency via Online Banking system. However, any transaction for AMD 20 million and above is subject to approval by the Bank.

Foreign exchange transactions executed online on business days after 6:00 p. m. and non-business days (including holidays) with the trade value for AMD 20 million and above may be rejected due to volatility of exchange rates on the local and international markets.

Should the FX transaction through Online Banking system be rejected, we will inform you of the reasons for such rejection.

FX transactions may be also rejected for the following reasons:

• The client account balance by close of the business day is not sufficient to execute the transaction,
• There is a restriction placed on the client’s account (Compulsory Enforcement Service lien or any other encumbrance),
• If the amount to be exchanged is equal to or exceeds 5,000 US dollars or its equivalent in other currencies quoted by us, for individuals who do not have accounts with us,
• If the amount to be exchanged is equal to or exceeds 200,000 US dollars or its equivalent in other currencies quoted by us. For transactions exceeding this limit, special contractual rates different from our standard published rates may be applied.
• Other

It is also important to know:

• Should the FX transaction through Online Banking system be rejected, we will inform you of the reasons for such rejection.
• Foreign currency exchange transactions are free of charge.