CASH AND FOREIGN CURRENCY TRANSACTIONS

CASH AND FOREIGN CURRENCY TRANSACTIONS
SERVICE	COMMISSION FEE
1. Cash in
a/ AMD, USD, EUR	0
b/ Other currency, including entry of card accounts	As per daily interest rate ⁶
c/ Purchase of cheques, transactions through payment systems, crediting on deposit accounts, as well as foreign currency exchange operations in cash	0
d/ Cash input by the customers under special procedure (signed by numbered seal or numbered plastic bags for one-time use) based on amount size	0,01% min AMD 500

2. Cash payment of cash funds debited to the Customer’s account ¹
a/ AMD, USD, EUR	0
b/ Other currency	As per daily interest rate

3. Cash payment from the Customer’s cashless funds ²
For individuals
a/ up to AMD 30 000	AMD 500
b/ AMD 30 001 and more	0.5%, min AMD 1 000
c/USD	2% min AMD 1000
d/ EUR	1,5%, min AMD 1 000
e/ Other currency	As per daily interest rate
Legal entity, PE
a/ up to AMD 30 000	AMD 500
b/ AMD 30 001 and more	0.3%, min AMD 1 000
c/USD	2% min AMD 1000
d/ EUR	1,5%, min AMD 1 000
e/ other currency	As per daily interest rate
3.1 For non-account holders and transit accounts ⁵
a/up to AMD 30 000 (equivalent in EUR)	AMD 500
b/ AMD 30 001-100 000 (equivalent in EUR)	AMD 1000
c/AMD 100 001 (equivalent in EUR) and more	1,5%, min AMD 3000
d) USD	2% min AMD 1000

4. Foreign currency cash authentication checking
a/ AMD	0
b/ USD, EUR and RUB	5%
c/ Other currency	Isn’t accepted

*5. Foreign currency cash authentication checking ³**
a/ up to AMD 600 000 equivalent foreign currency	AMD 5 000
b/ AMD 600,001- 1,000,000 equivalent foreign currency	AMD 10 000
c/AMD 1,000,00- 5,000,000 equivalent foreign currency	AMD 15 000
d/ AMD 5,000,001- 10,000,000 equivalent foreign currency	AMD 20 000
e/AMD 10,000,001 equivalent foreign currency and more	AMD 30 000

6. Acceptance of coins from a customer during one banking day ⁴
a/ Up to AMD 50 000	0
b/ AMD 50 001 and more	2%

*The tariff includes VAT.

1 While calculating the commission fee for the monetary fund encashment from the customers’ accounts, the difference of the debited and credited amounts sum to the Customer’s account 182 days prior to monetary fund encashment is taken as a basis (this fee is not applied to child deposits, time deposits placed by individuals and accrued interest against them). The loans provided by the Bank (excluding loans secured with gold items and monetary fund collateral, as well as loans provided with the condition of Bank’s, Araratincassatsia’s employees’ wages repayment, for the encashment of which no tariff is charged ) are considered cashless funds debited to the account of the Customer.

2 a/ The present tariff is not applied on the child deposits, the paid interest against the bank on-demand deposit accounts, term deposits placed by individuals and interest accrued against thereof, loans with gold items, monetary fund collateral, as well as loans secured with the Bank’s and Araratincassatsia’s employees’ wages, as well as on the encashment of cashless funds from the transactions via POS terminals installed by “ARMECONOMBANK” OJSC,
b/ The present tariff is not applied on the encashed amounts for utility payments by corporate entity[br] customers from the Bank’s corresponding base during the given day
c/ From charity organizations FREE of charge. The tariff is not applied on other currencies.
d/ The present tariff is not applied to the encashment of funds transferred from social package accounts, social security accounts and state support accounts as benefit.
e/ Those loans, for which provision should be encashment tariffs, not to apply a minimum threshold of AMD 1000.

3. The present tariff is not applied to the transaction operation in the Bank. The authentication of the foreign currency cash by the citizen is checked by the teller of “ARMECONOMBANK” OJSC, which are wrapped, sealed and returned to the customer according to the defined procedure.

4. The defined commission fee is not applied to the customers having active accounts at “ARMECONOMBANK” OJSC and during debiting to active accounts at “ARMECONOMBANK” OJSC.

5. The tariff does not apply to the cash payments and encashment of the recovered amounts.

6. With the exception of cash input to the bank accounts on the purpose of attraction of deposits denominated in RUR.

You can get acquainted with the cash withdrawal commissions for the previous 1 year by following the link

You can get acquainted with the tariffs and conditions (information summaries) of the service for the previous year by going to the following link