Commission Tariffs and Rates

Current Accounts

Current accounts

Current account currency

Armenian drams

US dollars

Euros

Russian rubles

British pound starlings

Swiss francs

Canadian dollars

Chinese yuan renminbi

UAE dirhams

Japanese yens

Kazakhstani tenge

Belarusian rubles

Lump-sum fee for account opening [1]

a) individuals

At Bank’s premises[2]

AMD 2,000

Via remote service systems

0

Non-resident foreigners  and foreign citizens registered in Armenia as sole proprietors

AMD 10,000

b) legal entities registered in RA 

0

c) non-resident legal entities

AMD 20,000

d) government support account

0

e) customers with a Prime status

0

Account service  

a) individuals 

0

b) Legal entities 

Residents

Non-residents

For each account:

AMD 2,000 per year

For each account:

AMD 3,000 per month

c) foreign citizens registered in the Republic of Armenia as sole proprietors

For each account – AMD 10,000 per year

d) customers with a Prime status

0

Account closing 

0

Minimum account balance  

a) individuals/ Government support account

0

b) legal entities

0

Provision of account statements and payment documents on implemented transactions,  once every 30 days

0

Issuance of account statements for submission to the tax authorities (RA SRC) as part of tax control

0

Provision of duplicates of account statements and payment documents [3]

Document issued between 1 to 12 months ago – AMD 1,000.

Document issued more than 1 year ago - AMD 2,000.

Direct crediting 

0

Annual interest rate accrued on account balance[4]

AMD

Up to AMD 5 million

0 %

Equal to or over AMD 5 million 

1 %

Foreign currency 

0 %

Government support account [5]

4.5 %

Issuance of bank statements [6] 

AMD 2,000

Issuance of bank statements in response to audit inquiries (except for RA banks) [7] 

AMD 10,000

Annual fees for provision of Prime Zone services to the customers complying with the Bank’s Prime service criteria

Individuals

AMD 12,000 per year

Legal entities

AMD 30,000 per year

Annual fees for provision of Prime Zone services to the customers other than those complying with the Bank’s Prime service criteria [8]

Service of RA individuals

AMD 100,000

Service of legal entities

AMD 250,000

Service of foreign individuals

AMD 250,000

[1] Will be charged at the time of account opening as a one-time fee, irrespective of the number of accounts to be opened.

[2] The fee will not apply to the accounts opened for servicing bank deposits.

[3] The fees include VAT.

[4] Interest will be accrued on a quarterly basis.

[5] Interest will be accrued on a quarterly basis.

[6] The fees include VAT.

[7] The fees include VAT.

[8] Within 1 year following the payment date, the Customer can use services in Prime Zone without having a Prime customer status. If they refuse to use the services in Prime Zone during the mentioned period, the fee paid will not be refunded.

The Bank will not charge current account opening and service fees prescribed under these fees and rates.