ACCOUNT SERVICE


 

ACCOUNT PROCESSING

Type of transaction

Rates

Opening and closing of bank accounts

Free of charge

Account processing for resident individuals (annual)

AMD 1,000*** for each account

Account processing for non-resident individuals (annual)

AMD 5,000*** for each account

Account processing for resident legal entities and private enterprenuers (annual)

AMD 5,000*** for all accounts

Account processing for non-resident legal entities and private enterprenuers (annual)

AMD 10,000 *** for all accounts

Processing of account, the opening of which is due to the amount deposited by customer (individual and legal entity), plastic card issued or gold-backed lending.  

Free of charge

Opening and processing bank accounts of individuals (including term deposits) upon submitting a bank book 

AMD 300*

Providing account statements and payment documents (upon completion of transaction)***

Free of charge

Required minimum balance

Individuals

AMD, USD

AMD 0.00

Other foreign currency

AMD 0.00

Legal entities and private enterprenuers

AMD, USD

AMD 0.00

Other foreign currency

AMD 0.00

Payment of cash from non-cash funds of a customer**

-  AMD  

0,3%

-  USD

0,4%

-  Other foreign currency

At the daily interest rate

Issuing account statements, payment documents, copies, other information and references (upon customer request, for each document)

Up to 1 month

AMD 500*

From 1 to 6 months

AMD 1,500*

From 6 months to 1 year

AMD 2,000*

From 1 year to 2 years

AMD 3,000*

Over 2 years

AMD 5,000*

Issuing account statements based on the accountholders’ (except for banks) written request

to audit companies

AMD 10,000*

Other persons

AMD 3,000*

Providing check-books

25 pages

AMD 2,000*

50 pages

AMD 3,000*

Checking, packaging and returning bank notes upon customer request  

AMD

0.1% of the transaction amount

AMD 3,000 minimum

AMD  20,000 maximum

USD

0.1% of the transaction amount

AMD 3,000 minimum

AMD  20,000 maximum

RUB, EUR

0.1% of the transaction amount

AMD 3,000 minimum

AMD  20,000 maximum

Processing payments in cash without opening an account

a) out of the bank system 

 

- up to AMD 50,000

AMD 200

- From AMD 50,001 to AMD 100,000

AMD 300

- From AMD 100,001  to AMD 500,000

AMD 500

- From AMD 500,001 to AMD 1,000,000

AMD 1,000

-  From AMD 1,000,001 to AMD 5,000,000

AMD 1,500

- AMD 5,000,001 and over

AMD 3,000

Transfers in AMD

Transfers from account

Free of charge

Crediting of received transfers to account

Free of charge

Intrabank transfers without opening an account

0.1% of the transaction amount

AMD 200 minimum

AMD  3,000 maximum

Payment for technical supervision coupon (environmental, state duty, technical supervision)

AMD 700

In case of payment of property tax, extra AMD 200 shall be charged

 

Transfers in foreign currency

In foreign currency on teh RA territory

AMD 5,000

Between bank cardholders (between branches)

Free of charge

Intrabank transfers without opening an account

0.1% of the transaction amount

AMD 300 minimum

AMD  3,000 maximum 

Account opening and processing for the purpose of managing family capital

Annual interest rate accrued over the funds available in the bank account, opened for the purpose of managing family

11%

Interest payments shall be made to the same account once a year

 

Note

*Including VAT

** Not applied for bank accounts of individuals (except for private entrepreneurs) for amounts credited from interests accrued over the loan funds disbursed by ARARATBANK OJSC, term deposit and ARARATBANK OJSC bonds, as well as for cash withdrawal from social package accounts.     

***Annual processing fee shall be charged at the point of account opening. Annual processing fee shall be subject to payment every year on the same day the annual processing fee has been charged. At that, if the customer fails to pay the annual processing fee or the required amount is not available on the customer account, the account shall be closed. Furthermore, if the resident or non-resident legal entities and private entrepreneurs open one more account in other currency or the same currency in future (except for subaccounts), the one-time processing fee shall be charged at the point of opening an account.        

Important to know:

If the required documents are sent abroad, postage costs shall be additionally charged from the accountholder.                                                                                                                   Transfers shall be made within one banking day.  If the transferred amounts are already paid to the beneficiary or beneficiary bank, the bank shall not be held liable for return of amounts.                                                                                                                                          

Bank expenses regarding return of the transferred amount shall be incurred by the customer, if the process of returning money was due to the customer having provided inaccurate details.   

 

Account management through Bank-Csutomer system

Individual

Legal entity

AMD 6,000 *  (monthly)

*Including VAT

on opening and processing bank accounts (including unallocated metal accounts)

 




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