YEREVAN, April 3. / ARKA /. ACBA -CREDIT AGRICOLE BANK has announced today a new opportunity for its customers to send and receive remittances by using TANDEM Transfer system that does not require account opening.

The Bank said in a news release that TANDEM Transfer system is available both at its head office and branches across the country. Customers can use it to receive and send money from/to foreign countries and also within Armenia.

The Bank said its customers can get the remittances also by using special ACBA TRANSFER cards which they can order free via phone number 31 88 88.

To send a remittance a customer should show his/her identity document, note the name and surname of the recipient, as well as the country, city and the bank. When making transfers within Armenia the recipient's passport details should be specified as well. To receive a money transfer one should show an identity document and mention the secret word.

TANDEM Transfer accepts remittances in Armenian drams, U.S. dollars, euros and Russian rubles. The amount reaches the recipient in 5-10 minutes; the maximum amounts of transfers are 350,000 Russian rubles, 10,000 U.S. dollars or euros and 4,000,000 drams. Commission is from 0.8% to 2.5 % of the amount depending on currency type and destination.

ACBA-CREDIT AGRICOLE BANK was established in 1995 as part of the European Union’s TACIS program. In 2006, CREDIT-AGRICOLE GROUP invested substantially into its capital becoming its largest shareholder.–0–