Safe deposit boxes

You may use the service if you’re an Ameriabank customer and you’re aged 18 or older. If you’re not a customer yet, you will need to open an account with us.

You can use the safe deposit box jointly with another person. This option is convenient for storage and joint management of family heirloom and belongings. In such cases, the agreed procedure for administration of the safe deposit box is specified in the application-agreement. In particular:

1. Each customer having signed the application-agreement may administer the safe deposit box separately, without any restrictions. In this case, each customer has the right to perform any action in connection with the safe deposit box, including further changes to the terms initially specified in the application-agreement and termination of the safekeeping service.
2. All customers having signed the application-agreement may administer the safe deposit box together, upon mutual agreement. In this case, the consent of each of the customers is required for performing any action in connection with the safe deposit box, including changes to the terms initially specified in the application-agreement and termination of the safe custody service.

For security reasons, each safe deposit box has two keys one of which is kept with you and the other with the Bank. The safe deposit box can only be unlocked using both keys.

The Bank has the right to open the customer’s safe deposit box in the circumstances specified below irrespective of whether or not the customer has given consent or is personally present:

• In response to a court judgment/decision, decisions of the Compulsory Enforcement Service under the Republic of Armenia Ministry of Justice or other government authorities;
• If we have reasonable grounds to believe that the Bank's safety and (or) operations are at threat and/or the safe deposit box contains any item prohibited under the terms and conditions or the law;
• If the customer fails to empty the safe deposit box and return the key to the Bank for 3 months or longer after termination of legal relationships between the parties under the terms and conditions;
• If the customer fails to pay the fees envisaged under the safe-keeping tariffs in a proper manner for 3 months and longer;
• There are other circumstances stipulated in the documents containing binding agreement between the parties or prescribed by the Armenian laws and regulations.