Type of operation |
Tariff |
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Opening of an account 1 |
For resident customers |
Free of charge2 |
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For non-resident customers |
15,000 AMD3 |
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Account maintenance monthly fee |
Free of charge4 |
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Account term |
Termless |
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Annual nominal interest rate applied to the daily account balance |
0% |
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Closing of an account |
According to client's request |
2,500 AMD5 |
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By the initiative of the Bank, if the account(s) balance of the inactive client for the last one year is 0 (zero) |
Free of charge6 |
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Minimum balance of account |
Not defined |
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Minimum amount of transaction |
Not defined |
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Maximum amount of transaction |
Not defined |
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Fee for servicing the account(s) of an inactive client7 |
In the amount of the account balance, if the total balance of the account (s) is AMD 2,500 or less |
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AMD 2,500, if the total balance of the account (s) is AMD 2,500 or more, and starting from the 13th month for the next non-working period - AMD 1,000 monthly |
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Information Services 8,9 |
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10.1. |
Delivery of SMS (notification) on debiting and crediting the account |
30 AMD |
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10.2. |
Providing of duplicate payment documents |
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In the case of the content of information stored in paper form |
For each document with a limitation period of up to 1 year |
3,000 AMD |
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For each document older than 1 year |
10,000 AMD, maximum amount charged from one client -50,000 AMD (within one operational day) |
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In case of availability of information stored in electronic form |
1,500 AMD |
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10.3. |
Providing of statements in the form prescribed by the Bank for certain periods |
up to 1 month |
Free of charge |
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from 1 month to 1 year |
2,000 AMD |
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over 1 year |
3,000 AMD |
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10.4. |
Providing of references10 |
Standard reference in the form defined by the Bank |
1,500 AMD11 |
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Non-standard reference in a form different from that defined by the Bank |
5,000 AMD |
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Preparation and providing of replies to audit inquiries (except for banks) |
15,000 AMD |
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Account transaction types 12 |
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11.1. |
Account replenishment |
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Non-cash - receiving wires from the accounts of the same client or from the account of another client (also from another bank) - at the terms set by the Bank for this service |
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11.2. |
Withdrawal |
Cash withdrawal - at the terms set by the Bank for this service |
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Non-cash - sending wires to the accounts of the same client or to the account of another client (also to another bank) - at the terms set by the Bank for this service |
1 If there is a fee for opening an account, the fee will be charged from each account. Account in AMD is compulsory, moreover, if the Customer opens a foreign currency account (s) at the same time, opening an account in AMD is free of charge.
2 The tariff of this item is set at the amount of AMD 200 if the account opening is done by the client from the "Mobile-Banking" or "Internet-Banking" systems.
3 Regardless of the number of accounts opened, an additional fee of 50,000 AMD is set, if the Customer is identified remotely, without the physically visiting the Bank.
4 If a service fee is foreseen, the fee will be charged from each account starting from the month of opening the account on the last day of each month.
5 The fee is charged separately for each Bank account. The tariff of this item is set at the amount of AMD 0 if the account closing is done by the client from the "Mobile-Banking" or "Internet-Banking" systems. Closing accounts is free of charge for the account which term is more than 12 (twelve) months.
6 If the client is inactive and all of his accounts for the last year (12 months) have 0 (zero) balance, then it is considered that the Bank did not serve the client, did not provide services, respectively, there is no monthly account maintenance fee and is not charged from the client for this period, If a service fee is foreseen.
7 For the meaning of this clause, a client who has not performed transactions simultaneously on all accounts within the last one year (12 months) is considered inactive, while the operations on the accounts do not include the incurrence of charges for servicing the account or withdrawal (deduction) of corresponding cash against other obligations of the client to the Bank, as well as cases of collection of funds from an account on the basis of a court decision.
8 Of the listed information services, the Bank's clients are not provided with documents and/or information, the period of which has expired in the order stipulated by the RA legislation.
9 Tariffs include Value Added Tax (VAT).
10 The tariffs specified in this clause are also applicable for non-account holder clients.
11 The tariff of this item is set at the amount of AMD 1,000 if the reference is created by the client from the "Mobile-Banking" or "Internet-Banking" systems.
12 Unspecified conditions in this document are regulated by the Terms of the Services provided by the Bank and those commissions that are subject to VAT include the VAT.