Bank account

 
Account opening and current service
Account opening1
Resident legal entities and private enterprises AMD 10,000
Additional account opening AMD 3,000
Account service, closing 0
Account service for unimplemented account2
Transactions haven’t been implemented from 365 to 730 days AMD10,000
Transactions haven’t been implemented from 731 days up to 1095 AMD15,000
Transactions haven’t been implemented 1096 days and more AMD 20,000 monthly
Providing account statements, payment documents, copies of SWIFT message, references3 and other information according to expiration date.4
Transactions implemented up to 1 month5 0
Providing payment documents, copies of SWIFT message , references and other information AMD 1,000 monthly
Transactions implemented from 1 to 3 months AMD 1,500
Transactions implemented from 3 months to 1 year AMD 2,500
Transactions implemented more than1 year AMD 5,000
References for Individuals AMD 5,000
Account management assignment5 AMD 5,000 monthly
Utility payments 0
Account management via “AEB Home Bank” system6
In case of non-charge of account service one-off fee AMD 5,000 monthly
In case of charge of account service one-off fee6bAMD3,000 monthly
“AEB Home Bank” system’s blocked card reactivationAMD 3,000
Providing cash check books7AMD 5,000
Audit inquiries on the account AMD15,000
Inquiries on the customer operations8
AMD, RUR AMD 3,000
Other currency AMD15,000
VIP hall
VIP hall customer service9 AMD 20,000 monthly
Depo account
Depo account service AMD 5000
Providing power of attorney
Providing power of attorney on bank account, card account, term deposit, credit accounts, safe box service in “ARMECONOMBANK” OJSC.10 AMD 3,000
Online enquiry to RA Public RegisterAMD 3,000 per enquiry

1. a/ ATM service account opening in ARMECONOMBANK OJSC is Free for RA resident pensioners, non-profit organizations, governmental, governmental noncommercial community based nor commercial and non-governmental organizations, "escrow" accounts, depersonalized metal accounts, social package accounts.

b/ Additional account opening fee is charged for each new account opening by the customer(individual or corporate).

c/ Account opening for non-resident customers of RA
Individuals AMD 50,000

2. a/ The account balance which haven't implement operation more than 365,731 and 1096 days, being equal or/and less respectively AMD/or equivalent currency/ AMD2,000, AMD 5,000 and AMD 8,000,charging the commission fee, that account is closed automatically and service commission fees of further months are terminated.

b/ This fee applies to those card accounts, which term has expired , the card hasn't been reissued, and transactions haven't been implemented during expiry 365 days and more following the expiry term.

c/ This fee doesn't apply to the process of liquidation under the law of premium accounts, custody accounts, and term deposits on demand.

3. Statements for Individuals who have term deposit of AMD 3,000,000(or equivalent currency) or more in 15 banking days in ARMECONOMBANK OJSC, and for corporate entities whose account's average balance of the previous month exceeds AMD 10,000,000 (or equivalent currency) and for individuals, ARMECONOMBANK OJSC employees, and statements on AEB practice for the students, and statements on social package service are free of charge.

4. a/ After each transaction the provision of account statements, payment documents copies, as well as document copies of implemented transactions via "AEB Home Bank" system for one are FREE OF CHARGE.

b/ For the provision of implemented transactions documents copies via" AEB Home Bank" system for more then one year, AMD 1,000 is charged.

5. a/ and social package account service is FREE of charge.

b/ Account management assignment fulfillment tariff isn't charged if the assignment is carried out during 10 calendar days.

c/ For the current fulfillment of account management assignment fee is charged, if the assignment is carried out that month.

6. a/ For each Electronic signature carrier (in case of providing up to 25 of the accounting month the fee is charged during the same month for a month, and in case of providing in 25 of the accounting month or later, during the next month for a month).

b/ Account service one-off fee for Individuals and corporate entities(private entrepreneurs) amounted to AMD 15,000.

c/ In case of handing electronic signature carrier, tariff isn't charged for accounting month, if the electronic signature carrier is delivered to the Bank by the fifth business day of the accounting month.

7. Treasury service is FREE of charge.

8. ARMECONOMBANK OJSC isn't responsible for not receiving answers from correspondent bank.

9. Except the customers, who meet "VIP" standards accepted by ARMECONOMBANK OJSC.

10. Except pension accounts and cases designated by the contract.

11. Monetary funds transferred to the customer account are entered not late than next day of relevant payment documents enter the Bank.

12. Based on the customer order, cash is extended or transferred not late than, the next day of relevant payment documents entered the Bank.

Necessary Documents to be Presented for Bank Account Opening of Legal Entities

Main Account Opening of Corporate Entities

To open a main bank account in the name of the corporate entity, the Director (Manager), the Chief Accountant (if any) visit the Bank, as well as individuals authorized to sign, bringing with them the round seal and the following documents:

  1. Passport (identification card),
  2. State registration certificate of the corporate entity (the original and 1 copy),
  3. The charter (the original and 1 copy: bound and signed with the inscription "authentic with the original"),
  4. Tax code (the original and 1 copy),
  5. Statements and certified copies of position appointment of the director (manager), chief accountant (if any), as well as other individuals authorized to sign, in case of the director also the copy of the appointment resolution /protocol/ from the authorized body. The copies of the order are not required, if the mentioned individuals are registered in the presented state registration certificate. In case of non-resident corporate entities, a corresponding certifying document of the position appointment of the director (manager), chief accountant (if any), as well as other individuals authorized to sign,
  6. In case the liquidated (being in the state of insolvency) corporate entity wants to open an account, the liquidator also submits to the Bank the decision on liquidation (insolvency) of the relevant authorized body.
  7. Passport (identification card),
  8. Foundation agreement of the corporate entity (the original and 1 copy).

Term Account Opening of Corporate Entities

To open a term account in the name of the corporate entity, at least one of the founders mentioned in the foundation agreement or his/her representative visits the Bank, bringing the following documents:

Documents to be Presented by Private Entrepreneurs

To open an account, the private entrepreneur visits the Bank, presenting the following documents:

  1. Passport (identification card),
  2. Social card (for RA citizens),
  3. Certificate of the private entrepreneur /the original and the copy/ and the seal /if any/ (required only from private entrepreneur),
  4. Tax code (the original and 1 copy) (required only from private entrepreneur),
  5. In case the liquidated (being in the process of insolvency) private entrepreneur opens an account, the liquidator also submits to the Bank the decision on liquidation (insolvency) and on his/her appointment of the relevant authorized body,
  6. A notarized power of attorney for the disposal of funds in the account (accounts).
Information bulletin on bank and demand deposit account

 
Account opening and current service
Account opening1
Resident legal entities and private enterprises AMD 10,000
Additional account opening AMD 3,000
Account service, closing 0
Account service for unimplemented account2
Transactions haven’t been implemented from 365 to 730 days AMD10,000
Transactions haven’t been implemented from 731 days up to 1095 AMD15,000
Transactions haven’t been implemented 1096 days and more AMD 20,000 monthly
Providing account statements, payment documents, copies of SWIFT message, references3 and other information according to expiration date.4
Transactions implemented up to 1 month5 0
Providing payment documents, copies of SWIFT message , references and other information AMD 1,000 monthly
Transactions implemented from 1 to 3 months AMD 1,500
Transactions implemented from 3 months to 1 year AMD 2,500
Transactions implemented more than1 year AMD 5,000
References for Individuals AMD 5,000
Account management assignment5 AMD 5,000 monthly
Utility payments 0
Account management via “AEB Home Bank” system6
In case of non-charge of account service one-off fee AMD 5,000 monthly
In case of charge of account service one-off fee6bAMD3,000 monthly
“AEB Home Bank” system’s blocked card reactivationAMD 3,000
Providing cash check books7AMD 5,000
Audit inquiries on the account AMD15,000
Inquiries on the customer operations8
AMD, RUR AMD 3,000
Other currency AMD15,000
VIP hall
VIP hall customer service9 AMD 20,000 monthly
Depo account
Depo account service AMD 5000
Providing power of attorney
Providing power of attorney on bank account, card account, term deposit, credit accounts, safe box service in “ARMECONOMBANK” OJSC.10 AMD 3,000
Online enquiry to RA Public RegisterAMD 3,000 per enquiry

1. a/ ATM service account opening in ARMECONOMBANK OJSC is Free for RA resident pensioners, non-profit organizations, governmental, governmental noncommercial community based nor commercial and non-governmental organizations, "escrow" accounts, depersonalized metal accounts, social package accounts.

b/ Additional account opening fee is charged for each new account opening by the customer(individual or corporate).

c/ Account opening for non-resident customers of RA
Individuals AMD 50,000

2. a/ The account balance which haven't implement operation more than 365,731 and 1096 days, being equal or/and less respectively AMD/or equivalent currency/ AMD2,000, AMD 5,000 and AMD 8,000,charging the commission fee, that account is closed automatically and service commission fees of further months are terminated.

b/ This fee applies to those card accounts, which term has expired , the card hasn't been reissued, and transactions haven't been implemented during expiry 365 days and more following the expiry term.

c/ This fee doesn't apply to the process of liquidation under the law of premium accounts, custody accounts, and term deposits on demand.

3. Statements for Individuals who have term deposit of AMD 3,000,000(or equivalent currency) or more in 15 banking days in ARMECONOMBANK OJSC, and for corporate entities whose account's average balance of the previous month exceeds AMD 10,000,000 (or equivalent currency) and for individuals, ARMECONOMBANK OJSC employees, and statements on AEB practice for the students, and statements on social package service are free of charge.

4. a/ After each transaction the provision of account statements, payment documents copies, as well as document copies of implemented transactions via "AEB Home Bank" system for one are FREE OF CHARGE.

b/ For the provision of implemented transactions documents copies via" AEB Home Bank" system for more then one year, AMD 1,000 is charged.

5. a/ and social package account service is FREE of charge.

b/ Account management assignment fulfillment tariff isn't charged if the assignment is carried out during 10 calendar days.

c/ For the current fulfillment of account management assignment fee is charged, if the assignment is carried out that month.

6. a/ For each Electronic signature carrier (in case of providing up to 25 of the accounting month the fee is charged during the same month for a month, and in case of providing in 25 of the accounting month or later, during the next month for a month).

b/ Account service one-off fee for Individuals and corporate entities(private entrepreneurs) amounted to AMD 15,000.

c/ In case of handing electronic signature carrier, tariff isn't charged for accounting month, if the electronic signature carrier is delivered to the Bank by the fifth business day of the accounting month.

7. Treasury service is FREE of charge.

8. ARMECONOMBANK OJSC isn't responsible for not receiving answers from correspondent bank.

9. Except the customers, who meet "VIP" standards accepted by ARMECONOMBANK OJSC.

10. Except pension accounts and cases designated by the contract.

11. Monetary funds transferred to the customer account are entered not late than next day of relevant payment documents enter the Bank.

12. Based on the customer order, cash is extended or transferred not late than, the next day of relevant payment documents entered the Bank.

Necessary Documents to be Presented for Bank Account Opening of Legal Entities

Main Account Opening of Corporate Entities

To open a main bank account in the name of the corporate entity, the Director (Manager), the Chief Accountant (if any) visit the Bank, as well as individuals authorized to sign, bringing with them the round seal and the following documents:

  1. Passport (identification card),
  2. State registration certificate of the corporate entity (the original and 1 copy),
  3. The charter (the original and 1 copy: bound and signed with the inscription "authentic with the original"),
  4. Tax code (the original and 1 copy),
  5. Statements and certified copies of position appointment of the director (manager), chief accountant (if any), as well as other individuals authorized to sign, in case of the director also the copy of the appointment resolution /protocol/ from the authorized body. The copies of the order are not required, if the mentioned individuals are registered in the presented state registration certificate. In case of non-resident corporate entities, a corresponding certifying document of the position appointment of the director (manager), chief accountant (if any), as well as other individuals authorized to sign,
  6. In case the liquidated (being in the state of insolvency) corporate entity wants to open an account, the liquidator also submits to the Bank the decision on liquidation (insolvency) of the relevant authorized body.
  7. Passport (identification card),
  8. Foundation agreement of the corporate entity (the original and 1 copy).

Term Account Opening of Corporate Entities

To open a term account in the name of the corporate entity, at least one of the founders mentioned in the foundation agreement or his/her representative visits the Bank, bringing the following documents:

Documents to be Presented by Private Entrepreneurs

To open an account, the private entrepreneur visits the Bank, presenting the following documents:

  1. Passport (identification card),
  2. Social card (for RA citizens),
  3. Certificate of the private entrepreneur /the original and the copy/ and the seal /if any/ (required only from private entrepreneur),
  4. Tax code (the original and 1 copy) (required only from private entrepreneur),
  5. In case the liquidated (being in the process of insolvency) private entrepreneur opens an account, the liquidator also submits to the Bank the decision on liquidation (insolvency) and on his/her appointment of the relevant authorized body,
  6. A notarized power of attorney for the disposal of funds in the account (accounts).
Information bulletin on bank and demand deposit account
Last modified on Tuesday, 21 February 2017 16:33