Unallocated bullion account is opened and maintained with the aim to record and execute operations with unallocated gold. The only data required for opening the account are the karat and weight of gold. No other data is required. 

Unallocated Gold Accounts enable you not only to diversify your savings but also to benefit a number of advantages:

• Possibility to earn on rise in gold value in the international markets
• Reduction of impact of exchange rate fluctuations
• Protection from falsifications inherent to trading in tangible gold depending on karat and authenticity of gold 
• Time saving while executing gold trade
• Lack of risk of loss and impairment
• High liquidity level: you may sell the gold to the Bank at any time at the rate applicable within the Bank

Besides, you will be able to invest without any time and amount limitations.

A director or authorized person, as well as authorized signatories with their passports, seal of a legal entity and the documents specified below shall visit the Bank to open a metal account in the name of a legal entity (resident and non-resident), either established or operating in the territory of the Republic of Armenia:     

• Copy of the Charter including amendments; 
• Copy of the state registration certificate with inserts;
• Copy of the document certifying the taxpayer identification number (TIN);
• Copy of the license (where a licensed activity is carried out);
• Copies of passports of shareholders (founders). Where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public;
• Copies of documents certifying the position of signatories. No grounding document shall be required where the mentioned persons are registered in the insert enclosed to the state registration certificate;    
• Copies of passports and social security cards of signatories. Where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public;   

A director or authorized person, as well as authorized signatories with their passports, seal of a legal entity and the documents specified below shall visit the Bank to open a metal account in the name of (non-resident) legal entities, established and operating outside the territory of the Republic of Armenia:    

• Package of the customer founding documents with original copies of the translated materials certified by notary public,
• Original copies of the translated documents defining the legal status of a customer and certifying the state registration and the fact of being registered by tax authorities certified by notary public,
• Original copy of the translated license certified by notary public (where a licensed activity is carried out); Copies of passports of shareholders (founders) (where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public); copies of passports of signatories (where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public).   
• Power of attorney, signed by an authorized body and sealed with a company seal, where the authorized person manages account funds.

A private entrepreneur shall visit the Bank to open a metal account with the documents specified below and seal (if any):    

• Passport (where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public);
• Social security card;
• Copy of the state registration certificate with inserts;
• Copy of the document certifying the taxpayer identification number (TIN);
• Copy of the license (where a licensed activity is carried out);
• Power of attorney certified by notary public, where the authorized person manages the funds of metal account.

• Bullion accounts shall be opened for individuals and corporate customers including private entrepreneurs.
• Bullion accounts shall be opened only for 999.9 purity gold.
• Metal accounts are not reimbursed by the Deposit Guarantee Fund.
• Unallocated gold shall be recorded in grams with accuracy to 0.01 gram.
• Transactions with bullion accounts do not imply debiting or crediting of gold.
• Trading in unallocated gold shall be based on your order containing the essential transaction details (price, timing and weight).
• Transactions shall be based on gold trading rates per  gram as established by the Bank.