Important Conditions
Currency
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
Service charge
FREE
Service fee
FREE
Withdrawal
AMD 0.25% minimum 1000 AMD
USD/EUR 1% minimum 1000 AMD
RUR/GEL/AED rate not applied
GBP 5% minimum 1000 AMD
Plus balance percent
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
| Currency | Annual (Simple) Interest Rate | APY (Annual Percentage Yield) |
|---|---|---|
| USD | 0.5% | 0.5% |
| EUR | 0.1% | 0.1% |
| RUB | 0.5% | 0.5% |
| AMD | 5% | 5.12% |
| GBP/CNY/GEL/AED/KZT | 0% | 0% |
TERMS
TARIFFS
Resident and non-resident Individual over 14 years old 2
Legal entity or individual entrepreneur
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
no tariff applies
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
no tariff applies
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
does not apply
On the same day the account opening application is submitted
AMD/ GEL/AED
No fee is set
USD
-USD banknotes issued before 1996 are not accepted.
-USD 100 denomination banknotes issued from 1996 to 2006:
- For each customer, up to USD 1,000 per day – no fee applies
- For amounts exceeding USD 1,000 per day – 1% fee
-For all other banknotes, no fee applies.
EUR
- For 500 EUR denomination banknotes – 2% fee applies
- For all other denominations – no fee applies
RU GBP
2% 5%
AMD: 0.25%, minimum 1000 AMD
USD/EUR: 1%, minimum 1000 AMD
RUB/GEL/AED: No fee applied
GBP: 5%, minimum 1000 AMD
According to the Bank’s current “Other Services Fees” schedule
AMD/USD/EUR/RU/GBP/CNY/GEL/AED
200 AMD
✓ AMD (including Armenian state and
local budgets) / USD / EUR
200 AMD
No fee applies
No fee is applied
(In the case of SWIFT transfers — according to the "Terms and Fees for International Foreign Currency Transfers by Individual and Legal Entity/Individual Entrepreneur Customers")
No fee is applied
1,000 AMD 4
Currency
Annual (simple) interest rate
APY (Annual Percentage Yield)
AMD
5%
5․12%
USD
0.5%
0.5%
EUR
0.1%
0.1%
RU
0.5%
0.5%
GBP/CNY/GEL/AED
0%
0%
! Disclaimer
For customers classified as a political party (PP) organizational-legal type, a one-time fee of 100,000 AMD is applied for opening an account.
1. When applying fees, the exchange rate set by the Central Bank of Armenia (CBA) at the time is used as the basis. Accounts in Chinese Yuan (CNY) are operated only with non-cash transactions; cash transactions are not performed.
2. Fees are not applied in the following cases:
Cashing out time deposits, except if the time deposit contract is terminated within 30 days after opening the deposit.
Cashing out bonds.
- Cashing out interest payments for time deposits and bonds.
3. If the currency of the transfer account differs, conversion is done using the exchange rate set by the Bank.
Domestic bank transfers are executed immediately.
Interbank transfers received by 15:30 are executed the same banking day. Transfers after 15:30 are executed the next banking day. The debiting of the transfer amount from the account is immediate.
4. VAT is included.
5. Interest is capitalized and paid monthly, by the 15th day of the month following the relevant month.