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 ARMBUSINESSBANK clients indicating only the Recipient's telephone number.

Transfer T&Cs:

• Transfer currency - RUB
• Currency of amount to be received – RUB*  
• Commission - 1% (min. RUB 100, max. RUB 10,000)
• Maximum amount of transfer - RUB 1 mln

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 ARMBUSINESSBANK Payee Bank, the account from which the transfer amount shall be charged, and enter the amount to be transferred.

     To receive a transfer at ARMBUSINESSBANK you need to:

• Have a bank or card account with ARMBUSINESSBANK

• The mobile phone number provided to the Bank must be ARMBUSINESSBANK 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 ARMBUSINESSBANK, the transfer amount shall automatically be converted to the currency of account (AMD, USD or EUR)  existing in the name of the Client.

Important Note

FORA-Bank clients who make money transfers directly to bank or card accounts of ARMBUSINESSBANK clients using FORA-Bank mobile app, will receive a cashback of up to RUB 1,000 from the amount of the commission for the first transfer.

The cashback offer is valid until May 31 this year.

For details see: https://mig.forabank.ru