Evoca Online Deposit

1․ Deposits are accepted from natural persons solely through “EvocaTouch” or “EvocaOnline” remote service systems.

2․ In the event of placing a top-up deposit, the interest rate for AMD-denominated ones will be 0.5% lower than the rates of the aforementioned scale, while the interest rate for the deposits denominated in US dollars, Euros and RUB will be 0.25% lower than those indicated above. Deposits may be topped up both at the Bank’s offices and through “EvocaTouch” or “EvocaOnline” systems. The depositor can top up (increase) their deposit amount by adding a minimum of AMD 40,000 AMD, USD 100 USD, Euro 100 EUR, or RUB 10,000. The total amount of all top-ups cannot exceed:

• Double the initial deposit amount for AMD-denominated deposits,
• Initial deposit amount for USD, Euro ad RUB denominated deposits.
  Increasing the deposit amount is not permitted during the final 3 (three) months before the deposit agreement expires.

3․ Partial withdrawal of funds is not allowed.

4. In the event of early termination of the deposit agreement upon the depositor’s request, the deposit interest will be recalculated based on the following rates:

6. Partial withdrawal of funds is not allowed.

Additional provisions

1. At the request of an RA resident-depositor, the Bank may issue a debit card without charging an annual service fee.
2. The types of debit cards issued according to deposit amounts, are listed below:

• At the customer’s choice, cards will be provided in the currency supported by the specific card product.
• Upon the customer’s request, a card of the same class (other than Infinite card) may be issued to their family members (parents, spouse, adult children) at a 50% discount.
• For a single deposit, one free card will be issued in the depositor's name. If the depositor places more than one deposit, each deposit will be considered a separate one.
• In the event of expiration of the deposit term or early termination by the depositor of the Deposit Agreement, the servicing of the debit card issued for placement of the Deposit (except Visa Infinite debit cards) shall continue without charging an annual servicing fee until the expiry of the card's validity period.
• In the event of early termination of the Deposit agreement by Visa Infinite cardholders or expiration of the Deposit term, the Bank has the right to also close the Visa Infinite debit card issued for the Deposit or, at the customer’s request, apply the fees and rates currently applicable by the Bank.
• The class of the card to be issued will be determined by the amount of the deposit at the time of the card opening. If the deposit amount is increased and the customer wishes to get a higher-class card, the existing card must be closed and a new higher-class card issued.
• Card replacement  upon its expiration or for any other reasons will be carried out:
• Free of charge provided the deposit is active or, at the time of its replacement the customer has another deposit placed with the Bank with an appropriate limit for which a free card has not been previously issued;
• Based on the Bank's current service fees if the deposit term has expired and not been extended.
• Other fees and terms of card service – in accordance with the Bank's fees and terms of delivery of services.

Annual percentage yield on deposits

• The annual percentage yields as per deposit types, calculated according to the procedure set by the RA Central Bank, are listed below:

NIR - nominal interest rate
APY - annual percentage yield

Scheme of placing and returning deposits in Russian rubles:

• Cash or non-cash funds denominated in Russian rubles will be returned in the manner of their initial placement (in cash and non-cash manner respectively), no fees will be charged for it;
• In case a non-cash deposit in rubles is returned in cash, the bank will charge a fee for cashing out rubles according to the rate set as of the deposit withdrawal date;
• In case a cash deposit in rubles is returned in non-cash manner, the bank will charge a cash entry fee set as of the deposit withdrawal date.

Attention:

• Contractual relations between the bank and customers are regulated by TERMS AND CONDITIONS OF COMPLEX BANKING SERVICES, which are a public offering and considered as accepted once a duly filled out and signed bank service application is submitted by the customer personally or online. Terms and Conditions of Complex Banking Services can be found here.
• Under the RA law On Withholding Tax, the interest paid by the bank to an individual depositor (resident and non-resident) will be subject to taxation at 10% of the gained income.
• No other fees will be charged when signing a deposit agreement and during its validity. In case of withdrawing a cash deposit placed in non-cash manner, you will be charged with a cash withdrawal fee according to our Tariffs of Cash Operations.
• Information on annual interest yield can be found in section Important information of Deposits.