Guide to Ameriabanks SWIFT Code for Transfers to Armenia

This article provides a detailed analysis of Ameriabank's SWIFT/BIC code (ARMIAM22XXX) in Armenia, explaining its structure and applicable scenarios. It also offers methods for finding branch-specific SWIFT codes. Furthermore, the article highlights important considerations for cross-border transfers, including fees, exchange rates, intermediary bank charges, and receiving times. The aim is to assist readers in completing international transfers to Ameriabank safely and efficiently. It covers key aspects to consider for a smooth transaction, ensuring the recipient receives the funds as expected while minimizing potential costs.

Imagine being abroad and needing to send money urgently to family or friends in Armenia, only to find yourself struggling with complex banking codes. When the recipient's bank is Ameriabank, knowing the correct SWIFT/BIC code becomes crucial to ensure your funds arrive safely and promptly. This guide provides a comprehensive breakdown of Ameriabank's SWIFT code to simplify your international transfers.

Understanding SWIFT/BIC Codes

Before delving into Ameriabank's specific code, it's essential to understand what SWIFT/BIC codes are. SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also known as BIC (Bank Identifier Codes), are unique identifiers used for international bank transfers. These codes serve as a bank's "ID card," ensuring funds reach the correct financial institution.

A SWIFT code typically consists of 8 or 11 characters containing the following information:

Bank code (4 characters): The bank's unique identifier
Country code (2 characters): The bank's home country
Location code (2 characters): The bank's city
Branch code (3 characters, optional): Specific branch identifier (XXX typically denotes the head office)

Ameriabank's Primary SWIFT Code: ARMIAM22XXX

Ameriabank's (formerly known as Armimpexbank) primary SWIFT/BIC code is ARMIAM22XXX . This code breaks down as follows:

ARMI: Ameriabank's unique identifier
AM: Armenia's country code
22: Code for Yerevan
XXX: Indicates the head office

When to Use ARMIAM22XXX

You should use Ameriabank's primary SWIFT/BIC code in these situations:

When sending international transfers to Ameriabank accounts in Armenia
When the recipient hasn't provided a specific branch code
When Ameriabank processes payments through its head office
When you need a widely accepted default code

Branch-Specific SWIFT Codes

While ARMIAM22XXX serves as the primary code, Ameriabank may use different SWIFT/BIC codes for specific branches or services. For maximum accuracy, always verify the correct code with the recipient or directly with Ameriabank before initiating a transfer.

How to Find Branch-Specific SWIFT Codes

To locate a specific Ameriabank branch's SWIFT code:

Ask the recipient for their branch's exact code
Contact Ameriabank's customer service directly
Use reputable online SWIFT code lookup tools (verify information carefully)

Important Considerations When Using SWIFT Codes

When entering SWIFT codes for international transfers:

Ensure absolute accuracy in all characters
Maintain proper capitalization (though typically case-insensitive)
Include all 11 characters when required
Double-check all information before submitting the transfer

Additional Cross-Border Transfer Considerations

Beyond SWIFT codes, international transfers involve other important factors:

Fees: Vary by transfer amount, method, and bank policies
Exchange rates: Subject to market fluctuations
Intermediary bank fees: May apply for certain transfer routes
Processing times: Depend on multiple factors including destination country

Conclusion

Proper use of Ameriabank's SWIFT code ensures successful international money transfers. This guide provides all necessary information about Ameriabank's primary SWIFT code and important considerations for cross-border transactions. Always verify details with recipients or the bank directly for the most accurate and up-to-date information.