OREANDA-NEWS. February 08, 2012. CONTACT System has increased for their customers the terms of fees reduction campaign on money transfers to Israel. Beginning from July 29, 2011 the campaign has been extended until March 11, 2012, reported the press-centre of RUSSLAVBANK.

According to the campaign conditions CONTACT system’s customers can profitably send money from Russia and other CIS countries to Israel within an extended period - up to March 11, 2012. Commission fee on the transfer reduced by one third and will be only 2% but not less than 5 U.S. dollars or euros (except for sending transfers at Israel Postal Company Ltd). Sending up to EUR 250 with payment in cash at Israel Postal Company Ltd will cost 7 EUR, and with the amount of the transfer of more than 250 EUR commission will be only 1% + 4 EUR.

CONTACT money transfers with payment in cash or by credit to a bank account are available in more than 800 offices service network systems in 250 localities in Israel.

"Extension of period of campaign on reducing tariffs on money transfers sent from Russia to Israel, is dictated by the great popularity and high demand for this service among our customers, - said Elena Gafarova, head of the development of sales channels CONTACT in far abroad of RUSSLAVBANK, the system’s operator. - In particular, from August to December 2011, CONTACT money transfers from Russia and CIS countries to Israel rose by 26% compared to last year, and the average transfer amount exceeded USD 800."