It is now possible to make transfers between Fast Bank and Fastex Exchange accounts

Fast Bank, in collaboration with Fastex, has introduced a new feature that allows customers to make transfers between their bank and Fastex Exchange accounts without commission. Fast Bank customers can now easily top up their Fastex Exchange account using funds available at the Bank, and vice versa.

David Khotanyan, the project manager of Fast Bank, said:
“Fast Bank is the first bank in Armenia to establish cooperation with a company that uses blockchain technologies. Fast has targeted programs aimed at becoming a digital bank, and we are pleased that we have managed to start a partnership with a company like Fastex, which has extensive international experience and is one of the leaders in technological development. This joint cooperation makes it technically possible to convert crypto assets into Armenian drams — something that was previously impossible in the Republic of Armenia. This opens new horizons for our customers in the circulation of digital assets, attracting investments, and financial innovation — all fully in line with international standards and the legal framework.”

By accessing the Bank’s app, customers go to the Transfers section, select the Fastex logo, enter their six-digit identification number (ID) from Fastex Exchange, along with the AMD withdrawal account number, specify the amount, and confirm the transaction.

Fastex CEO Vakhtang Abrahamyan said:
“Fast Bank was one of the first banks to agree to lay the foundations for cooperation and begin working on system integration and ensuring customer access to platforms and environments. Through Fast Bank’s simpler and more user-friendly interfaces, customers are now able to easily and conveniently access a platform like Fastex.” 

Let us also add that transactions are made only between the client's own accounts.

Fast Bank is represented in all regions of Armenia with a 24/7 working schedule, and the banking app is also available.

Fast Bank is supervised by RA Central Bank.