Bank accounts of non-resident legal entities and sole entrepreneurs | ardshinbank

Bank accounts of non-resident legal entities and sole entrepreneurs

Bank accounts of non-resident legal entities and sole entrepreneurs

1.

Bank account maintenance

   1.1

Bank account opening fee*

100.000 AMD

   1.2

Bank account annual service fee 1 (except for credit accounts)

10,000 AMD

   1.3

Bank account closing fee

   1.3.1

According to the client’s application

0 AMD

   1.3.2

Without the client’s application 2

2,500 AMD

   1.3.3

Other services (at the client’s request)

contract based

   1.3.4

Provision of documents for opening a bank account (including a deposit account)

postage (if any)

   1.3.5

Provision of standard checkbook

4,000 AMD3

   1.4

SMS notification on movement and balance of a bank account  (including deposit and credit accounts), per each message

30 AMD3

 2.

Bank account balance

   2.1.

Minimum bank account balance

not required

   2.2.

Annual interest rate to the daily balance of the account 4

AMD

Other currency

0%

0%

3.

Information services

    3.1.

Provision of bank account statements (including deposit and credit accounts) for a period up to 1 month

0 AMD3

3.2

Provision of bank account statements (including deposit and credit accounts) at the client’s request, for a definite period

3.2.1.

for a period from 2 to 12 months inclusive (per each statement of each account)

5,000 AMD3 + postage (if any)

3.2.2

for a period over 12 months (per each statement of each account)

6,000 AMD3 + postage (if any)

3.3.

Provision of references

    3.3.1

Standard references in Armenian/English 5

4,000 AMD3 + postage (if any)

    3.3.2

Non-standard references and similar payment documents in Armenian/English (according to the client’s written application)6

10,000 AMD3 + postage (if any)

3.4

Preparation and provision of replies to audit inquiries to organizations

20,000 AMD3 + postage (if any)

*The account in AMD is a must, while if exist an account opening fee, if the Customer opens different foreign currency accounts at the same time, payment is only for 1 account.

1In case of one AMD or more than one foreign currency account, the service fee is charged only for one AMD and one foreign currency account. The account service fee is charged at a time for every 12 months.

2If the client does not perform transactions on all accounts continuously for 12 months, the account is considered non-working, and Bank charges a fee of AMD 2500 and closes the client's accounts if the total balance is zero:

2.1In the absence of sufficient funds in the client's accounts, the Bank shall charge a fee in the amount of the current account balance(s).

2.2If the total account(s) balance is 2,500 AMD or more, 2.500 AMD is charged and starting from the 13th month for the following non-working period: 1.000 AMD per month.

3Tariffs include Value Added Tax (VAT).

4The interest rate accrued on the balance of the bank account of non-resident legal persons includes the profit tax rate (in cases stipulated by the RA legislation)

5Standard documents of the Bank include documents on the presence of bank accounts, balances, absence of accounts, deposit accounts, loan obligations, absence of obligations with the Bank.

6Non-standard references of the Bank are considered to be documents not specified in clauses 1.3.1 - 1.3.4.

 

 

 

 

 

 

Bank-Client system for legal entity and sole entrepreneur clients

N

Operation 1

Tariff

1.

Commission for user registration in the Internet-Bank system (including by using a flash drive)

free of charge

2.

Commission for registration of each user in the Internet-Bank system

free of charge

3.

Commission for training in the Internet-Bank system and consulting during the entire period of using the system

free of charge

4.

Commission for monthly servicing of client accounts via the Internet-Bank system

free of charge

5.

Commission for servicing client accounts only with view function via the Internet-Bank system

free of charge

6.

Submission of a new security certificate due to breach of security rules by the client or other reasons

free of charge


1The terms for submission and execution of orders are determined by tariffs and conditions for transfers.

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