Demand deposit account

For AMD
AMD 0- 20,000,000 0%
AMD 20,000,001- 50,000,000 1%
50,000,001 and more 2%

Attention! During the accounting month, the interests are calculated with regard to the average daily positive monetary funds in bank and/or demand account, and are paid on the first business day of the following accounting month. Especially:
1. If the bank and/or demand account is opened or/and the funds incurred during the accounting month, then the average daily interest calculation is performed on the basis of the calendar days of the accounting month.
2. If the bank and/or demand account is closed during the accounting month, then interest aren't paid for that month.
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.

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

For AMD
AMD 0- 20,000,000 0%
AMD 20,000,001- 50,000,000 1%
50,000,001 and more 2%

Attention! During the accounting month, the interests are calculated with regard to the average daily positive monetary funds in bank and/or demand account, and are paid on the first business day of the following accounting month. Especially:
1. If the bank and/or demand account is opened or/and the funds incurred during the accounting month, then the average daily interest calculation is performed on the basis of the calendar days of the accounting month.
2. If the bank and/or demand account is closed during the accounting month, then interest aren't paid for that month.
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.

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 Wednesday, 15 July 2015 10:48