SWIFT/BIC codes in Armenia

Finding a SWIFT code in Armenia

On this page you find the SWIFT/BIC codes of 20 banks in Armenia, 20 codes in all. You need such a code mostly when making payments across borders, and especially for payments in foreign currencies.

Pick a bank below to see its head office code and its other codes, plus practical notes for sending and receiving money. The sections below covers the structure of the codes, the cost of transfers and the checks worth doing before a payment.

Which bank in Armenia has the most codes?

Acba-Credit Agricole Bank CJSC leads the list for Armenia in SWIFT/BIC codes. Its main office uses AGCAAM22XXX.

A large number of codes usually reflects separate codes for branches, departments or services, not necessarily that the bank is the biggest in the country. Unless a branch code is given, the head office code AGCAAM22XXX works for transfers to this bank.

About our data and how to check a code

The most reliable source for the BIC is the recipient’s own bank details. If the code you have differs from the code listed here, do not guess: check with the recipient or the bank.

We collect SWIFT/BIC codes from publicly available data and update our list regularly. Institutions merge, change names and change codes, and no directory catches every change immediately. For a payment of any size, check the code with the recipient. GoldexPay is a comparison service for money transfers and not part of any bank listed here.

Fraudsters often use fake invoices carrying new bank details from what looks like a familiar address. Always confirm a change of bank details through a separate channel.

Sending money to Armenia for less

A bank transfer to Armenia can cost more than the fee suggests. You pay the transfer fee, possibly charges from intermediary banks and, most importantly, the margin on the exchange rate if the money is converted.

The real cost is often in the rate – the bank builds a margin into its rate. Check the bank’s rate against the mid-market rate that you find on financial sites.

Specialist money transfer services often offer a rate near the mid-market rate and lower fees. Before you send money to Armenia, it is worth comparing what arrives via GoldexPay.

Transfer times to Armenia

How quickly money reaches Armenia is determined by several factors: which currency you send, the number of banks in between, cut-off times and time zones. Bank holidays in Armenia or in the sending country add a day or more.

When a payment takes longer than expected, the sender should contact the sending bank for a trace. Save your transfer receipt until the money has arrived.

Paying a bank in Armenia from abroad

Because Armenia is outside SEPA, a transfer from abroad is usually sent through SWIFT. That means you always need the SWIFT/BIC code of the receiving bank.

In some countries, accounts are identified by a local account number rather than an IBAN, sometimes with an extra bank or branch code. The recipient’s bank often provides a list of required details for payments from abroad. International transfers sometimes go via correspondent banks, each of which may deduct a fee.

What a sender needs to pay you in Armenia

If you expect money from abroad on an account in Armenia, send the payer all details at once. In practice that means: your name as your bank knows it, your account number or IBAN, the SWIFT/BIC code of your bank and sometimes your address.

The code of your bank appears in the list on this page, yet the version on your own statement or in your banking app is leading. Certain sending banks also ask for the name and address of your bank, so keep it at hand.

The amount you receive can be less than the amount sent. Fees for incoming transfers vary per bank; check the price list of your bank. Agree with the sender who pays which costs before the money is sent.

How SWIFT codes from Armenia are built

Each SWIFT/BIC code consists of 8 or 11 characters, always in the same order. The first four letters stand for the bank, the fifth and sixth characters form the country code and the next two give the location.

Whatever the bank, all Armenia codes have the same fifth and sixth letters, namely the ISO code of Armenia. A code with other letters in that position belong to another country – a quick way to catch mistakes.

The last three characters, if present, identify a specific branch; XXX means the head office. In most cases the head office code is fine unless the recipient asks for a specific branch.