[1] Depositing of cash to the accounts of payment and settlement organizations is subject to a fee of 0.3% of the amount being deposited, irrespective of the amount, or AMD 5,000, whichever is greater.
[2] No commission for cash deposit in the following cases:
- Account top-up to pay commissions
- Making a time deposit
- Account top-up along with other transactions handled by the teller (including transfers from an account, depositing of cash to other accounts of the same customer, currency exchange, loan prepayment), including payments to government and/or local authorities of Armenia, including notary offices, service agencies of state committee of real estate cadaster and other government bodies
[3] 2% fee shall be applied for depositing EUR 500 notes into the account. EUR 500 notes are accepted only at the head office.
[4] Depositing cash as a time deposit is free of charge. If the deposit is terminated early within the first 30 days after the deposit start date, a fee will be charged at the rate applicable to cash deposits.
[5] Cash is provided as follows below:
If after cash withdrawal the client closes his all accounts with the Bank, and the total account balance is less than the required minimum cash withdrawal fee, no cash withdrawal fee shall be charged.
[6] No commission is charged for cash withdrawal under the following products/services:
- Amounts generated from deposits with a term of 91 days and more, as well as deposits with a term of 31 days that have been extended for 3 consecutive times (except for deposit agreements terminated before the due date on the depositor’s initiative)
- Amounts on the deposits with early termination option if such deposits are withdrawn before the contractual due date at least 91 days after the deposit origination
- Amounts withdrawn from the deposits with partial withdrawal option, if such amounts are within the limit envisaged under the deposit terms
- Amounts of the bonds if such bonds have been held until maturity
- Interest paid on the deposits, savings accounts and bond coupons
This commission is also applicable to loans provided by the bank and credited to the clients’ account, unless otherwise envisaged by the terms of the given loan facility.
We will provide you the statements of your accounts through communication channels and at frequency agreed between you and us and/or in accordance with the Armenian laws and regulations. YOU HAVE THE RIGHT TO COMMUNICATE WITH A FINANCIAL INSTITUTION VIA THE CHANNEL YOU PREFER: BY REGULAR POST OR EMAIL. EMAIL IS THE MOST CONVENIENT WAY TO GET INFORMATION. IT’S AVAILABLE 24/7, FREE FROM RISK OF LOSS OF INFORMATION STORED ON PAPER AND IS MORE CONFIDENTIAL.
Account statements are subject to the following terms.
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Fee for provision of account statement
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Provision of account statements, copies of account statements or other documents kept in electronic form, backdated up to 1 year
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Free
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Provision of account statements or copies of account statements backdated more than 1 year or other documents kept in electronic form
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AMD 5,000
per annual statement per account,
VAT included
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Provision of copies of documents kept in paper form or copies of electronic documents backdated more than 1 year
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AMD 5,000
per document,
VAT included
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Fee for delivery of account statement
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By e-mail
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Free
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By post within Armenia
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AMD 1,000 monthly, VAT included
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By post outside Armenia*
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As per postal service bills
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*The delivery is by regular mail.