ARDSHININVESTBANK REDUCES COMMISSION FOR MONEY TRANSFER THROUGH CONTACT SYSTEM

ArmInfo
2009-12-04 11:54:00

ArmInfo. Ardshininvestbank has announced reduction of commission for
money transfer through Contact international system to 2% instead of
the previous 3%. As Ardshininvestbank’s press service told ArmInfo,
the bank will carry out transfers by new commission started December 4.

According to Chairman of Ardshininvestbank Board of Directors Nerses
Karamanukyan, reduction of the commission on the Contact system will
become a pleasant Christmas surprise for the clients. The bank has
been cooperating with the Contact since 2003, carrying out transfers
in rubles, US dollars and Euro. Along with it, N. Karamanukyan said
the bank also cooperates with other authoritative international and
Russian money transfer systems providing the clients with an option.

To note, started December 4, 2009, Contact Russian money transfer
system reduces the commission for transfers inside Russia to 1,5%, to
the near abroad countries – to 2% of the transfer amount. Moreover, the
Contact introduces a fixed size of a commission fee for big transfers,
due to which money transfer may cost less than 1%. At present, the
system’s geography covers 90 states, where CONTACT has over 40,000
points for transfer service. RUSSLAVBANK JSCB is the system’s organizer
and clearing center. To recall, Ardshininvestbank carries out money
transfer through such systems as MoneyGram, Migom, RIA, Quick Mail
and the Russian Promsvyazbank, Sotsgorbank, Forabank and Sberbank.