Bank accounts of resident legal entities and sole entrepreneurs | ardshinbank

Bank accounts of resident legal entities and sole entrepreneurs



Bank account maintenance


Bank account opening fee



Resident legal entity or sole entrepreneurs registered in the Republic of Armenia, has a TIN number, and the director, founder and real beneficiary of which is a citizen of the RA



In case of sole entrepreneurs, if the citizenship is not in RA but have  a registration of RA, and have TIN

70,000 AMD


In case of legal entities, the director, founder or real beneficiary of which is not a citizen of the Republic of Armenia, but is registered in the Republic of Armenia, and have TIN

100,000 AMD


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

5,000 AMD


Bank account closing fee


According to the client’s application



Without the client’s application 2

2,500 AMD


Other services (at the client’s request)

на договорной основе


Provision of standard checkbook

0 AMD3


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

30 AMD 3


Bank account balance


Минимальный остаток банковского счета

not required


Annual interest rate to the daily balance of the account 4


в валюте




Information services


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

0 AMD 3


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


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

2,000 AMD 3 + postage (if any)


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

3,000 AMD 3 + postage (if any)


Provision of references


Standard references in Armenian/English 5

2,000 AMD 3 + postage (if any)


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

5,000 AMD 3 + postage (if any)


Preparation and provision of replies to audit inquiries to organizations

10,000 AMD 3 + postage (if any)

In case of opening an account with the conditions specified in points 1.1.2 and 1.1.3, an account in AMD is a must, in addition, if the Client opens accounts in different currencies simultaneously, and if there is a commission for opening it, payment is charged only for 1 account when opened for the first time. The tariff applies to organizations and sole entrepreneurs that received state registration and opened bank accounts after 01/03/2022.

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: In addition, from the moment the account becomes inactive, the account maintenance fee specified in clause 1.2 is no longer charged. The calculation of the account maintenance fee is reset if the ban that has not been in effect for a year is lifted from the client's accounts and the client's account becomes an active account.

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


Operation 1



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

free of charge


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

free of charge


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

free of charge


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

free of charge


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

free of charge


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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Page Updated on Thu, 2022-08-18 17:07
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