Important Conditions
Currency
AMD/USD/EUR/RUB/GBP/CNY/GEL/AED
Service charge
FREE
Service fee
FREE
Withdrawal
AMD 0.2% minimum 100 AMD
USD/EUR 1% minimum 1000 AMD
RUB/GEL/AED rate not applied
GBP 5% minimum 1000 AMD
*The cashout rate does not apply to:
• In case of cashing out bonds
• In case of cashing out interest paid on a term deposit and bonds
• In case of cashing out the amount of a term deposit, except if the term deposit agreement was terminated within 30 days after the term deposit was placed and the source of formation of the given deposit is not another deposit with a term of 30 days or more.
Plus balance percent
AMD/USD/EUR/RUB/GBP/CNY/GEL/AED
| Currency | Annual (Simple) Interest Rate | APY (Annual Percentage Yield) | Minimum daily balance required to earn interest |
|---|---|---|---|
| AMD | 4% | 4.07% | 20,000 |
| USD | 0.5% | 0.5% | 50 |
| EUR | 0.1% | 0.1% | 50 |
| RUB | 0.5% | 0.5% | 5000 |
| GBP/CNY/GEL/AED | 0% | 0% | 0 |
TERMS
TARIFFS
For more detailed information, please visit any branch of the Bank or call the Bank’s Contact Center at (+374 10) 510 000.
Client
Resident and Non-Resident Individuals 1
Account Currency
Armenian Dram (AMD) / US Dollar (USD) / Euro (EUR) / Russian Rouble (RUB) / Pound Sterling (GBP) / Chinese Yuan (CNY) / Georgian Lari (GEL) / UAE Dirham (AED)
Opening a bank account via the "Fast Bank" website and the "FastBank Mobile" application
No fee applies
Opening a bank account at a branch
Resident: no fee applies
Non-resident: Opening the first account: 10,000 AMD
Each subsequent account: 2,000 AMD
Opening a bank account via remote identification
50,000 AMD
Bank account maintenance
No fee applies
Account Closure
No fee applies
Minimum Balance
Not applicable
Term of Account Opening
On the same day the account opening application is submitted2
CASH TRANSACTIONS 2
Cashing of funds 3
Armenian Dram / Georgian Lari / UAE Dirham (AED)
No fee applies
US dollar
1. US dollar banknotes issued prior to 1996 are not accepted
2. For 100 USD banknotes issued between 1996–2006:
· up to USD 1,000 per customer per day – no fee applies
· for amounts exceeding USD 1,000 – 1% of the excess amount
3. For other banknotes, no fee is applied
Euro
For €500 banknotes: 2%
For other banknotes, no fee
Russian roubles
5%
The service is temporarily unavailable.
British Pound Sterling (GBP)
5%
Cash Withdrawal4
Armenian dram
0.2%, minimum: 100 AMD
US dollar/Euro
1%, minimum: 1000 AMD
Russian roubles / Georgian Lari / UAE Dirham (AED)
No fee applies
British pound sterling
5%, minimum: 1000 AMD
Acceptance and Exchange of Worn Banknotes
According to the «Tariffs of other services» effective at the Bank
Transfers
In case of submitting the order at the branch
Acceptance and Exchange of Worn Banknotes
According to the «Tariffs of other services» effective at the Bank
Credit code transfers5
200 AMD
Interbank transfers within the territory of Armenia6
In AMD: 200 AMD
In foreign currency: 3,000 AMD
Credit code transfers5
200 AMD
International transfers
According to the "International Transfer Rates" effective at the bank
ArcaPay transfers
According to the «Transfer Rates via ArcaPay system»
When the order is submitted via the “Fast Bank” web platform and the “FastBank Mobile” application
Internal bank transfers 5
Tariff does not apply
Interbank transfers within the territory of Armenia5
Tariff does not apply
Via the “Transfer to Card” service on the “Fast Bank” web platform and the “FastBank Mobile” application
0.5%
Correction of inaccuracies in payment order details upon the customer’s request
Tariff does not apply
(For SWIFT transfers: according to the “Termsa and tariffs» for Foreign Currency International Transfers by Individual and Legal Entity/Individual Entrepreneur Customers.”)
Provision of account statements at a bank branch
Tariff does not apply