Personal safekeeping boxes

Personal safekeeping boxes

Advantages
Confidentiality
Confidentiality

The Bank guarantees the confidentiality of the contents of your individual safe deposit box and all related transactions. The designated private workspaces provide the opportunity to access your individual box under conditions of complete privacy. 

Convenience
Convenience

The client is granted access to the room where the individual safe deposit boxes are located during the day. 

Availibility
Availibility

By using individual bank safe deposit box services, you will no longer have to worry about the safety of your securities, documents, jewelry, and other valuables. 

Term

Sizes

Small

Medium

Big

43cmx27cmx7.5cm

43cmx27cmx16cm

43cmx55cmx16cm

7 days

AMD 10,000

AMD 15,000

AMD 20,000

14 days

AMD 15,000

AMD 20,000

AMD 25,000

1 month

AMD 20,000

AMD 25,000

AMD 30,000

3 months

AMD 35,000

AMD 40,000

AMD 45,000

6 months

AMD 45,000

AMD 50,000

AMD 55,000

9 months

AMD 50,000

AMD 55,000

AMD 60,000

12 months

AMD 55,000

AMD 60,000

AMD 65,000

12 months and more

Tariff defined for 12 months added the tariff corresponding to the period exceeding 12 months

Replacing the lost key of safekeeping box

AMD 3,000

 

After the expiry of the term of the Agreement, the following fees are accrued for each actually used day

Up to 7 days- AMD 2,500 daily

From 8 to 14 days- AMD 1,700 daily

From 15 up to 30 days- AMD 1,000 daily

31 days and more- AMD 500 daily


Term

Sizes

Small

Medium

6cmx30cmx40cm

15cmx30cmx40cm

7 days

AMD 2,500

AMD 3,500

14 days

AMD 4,500

AMD 7,000

1 month

AMD 7,000

AMD 9,000

3 months

AMD 10,000

AMD 18,000

6 months

AMD 15,000

AMD 25,000

9 months

AMD 20,000

AMD 30,000

12 months

AMD 25,000

AMD 35,000

12 months and more

 

The tariff set for 12 months plus the tariff corresponding to the period exceeding 12 months

 

The tariff set for 12 months plus the tariff corresponding to the period exceeding 12 months

Replacement of a lost or damaged key to a personal safe

AMD 10,000

 

At the "NANO" branch, a penalty is imposed for each day actually used after the contract period.

AMD 1,200

At the "NANO" branch, each time a safe deposit box is used, a fee is set.

AMD 500

1 months

2 months

3 months

6 months

9 months

12 months

AMD 10,000

AMD 15,000

AMD 20,000

AMD 25,000

AMD 30,000

AMD 35,000

Tariff includes VAT.
AMD 500 for each actually used day after the expiry of the term of the Agreement.

  1. Over the period of renting the Safekeeping Box, the Customer has the right to access the room of Safekeeping Boxes during the operational day submitting his/her passport in the order existing in the Bank.
  2. The client can stay in the area the where the individual safekeeping box is kept for maximum 10 minutes.
  3. The Customer puts the valuables into the box placed inside the Safekeeping room.
  4. It’s not allowed to keep explosive, flammable, chemical, biological, radioactive hazardous materials including liquid substances, drugs, weapons and ammunition.
  5. Should there be any suspicions (terrorism, drugs), the Bank is eligible to check the safekeeping box and exceptional cases without the Customer’s participation.
  6. At the customer's request, the safekeeping box can be sealed with the Client’s signature or seal
  7. The customer is obliged not to let the key of the box be duplicated immediately notifying the Bank in written about the loss of the key of the safekeeping box.
  8. Upon the customer’s application, the duplicate of the key is provided to the customer by charging from the latter the tariff set by the Bank’s Executive Board for the mentioned service
  9. The Client shall discharge the safekeeping box and hand over the key on the day of termination of the agreement on the renting of safekeeping box till 16:00, or if such day is not a working day on the following day till 12:00 pm.
  10. The Bank is not liable for the loss or damage of the Valuables which occurred when placing or removing thereof from the safekeeping boxes, provided that such loss or damage is not caused in the Bank’s employee’s fault.
  11. In case the Safekeeping box is not discharged after the expiry of the period set for the use of the safekeeping box and it’s not prolonged by the Bank and the Customer, a penalty at the size set by the Bank’s Tariffs will be charged from the Customer for each overdue day.
  12. The Bank may forbid the customer to use the safekeeping box if the customer has unpaid liabilities towards the Bank.
  13. Should the safekeeping box not be discharged within 180 days after the expiry of the term, upon the order of the Bank’s CEO a committee consisting of the Bank’s employees is created, which opens the safekeeping box, takes out its content and compiles a relevant statement. The Bank may sell the property available in the safekeeping box by an auction for the purpose to pay customer’s unpaid liabilities. The property is kept in the Bank’s vault till being sold.

CSCO /the branches of the Bank may accept different kind of valuables form the customers. The valuables to be kept in the Bank are packaged and sealed in the presence of the customer. The list of valuables (attached to the safekeeping agreement) is also placed in the package (bag). The customer can check the preservation and state of the valuables at any time by notifying the Custodian thereof at least 24 hours prior. In case of withdrawal of valuables prior to the term set forth by the safekeeping agreement, the safekeeping fee is not recovered. If the valuables are not removed after the expiry of the safekeeping term, a penalty at the size and order set forth by the Bank’s tariffs will be applied for each overdue day After the termination of custodian agreement, should the customer fail to withdraw valuables within 30 days after receipt of notification, the Bank shall have the right to sell such goods through public auctions meeting the Bank’s requirement on the account of that.

“YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION BY MAIL OR ELECTRONILCALLY”. GETTING ELECTRONIC INFORMATION IS THE MOST CONVINIENT. IT IS AVILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES SECRET.

"YOUR FINANCIAL INFORMATION" IS AN ELECTRONIC SYSTEM THAT SIMPLIFIES THE SEARCHING OF THE SERVICES SUGGESTED THE INDIVIDUALS, COMPARING AND MAKES THE MOST EFFECTIVE OPTION FOR YOU.

1) Authorities for using an individual safekeeping box by other persons are accepted if:

  • authorization has been entitled by a written power of attorney ratified by the Notary, or
  • authorization has been given in the Bank/a branch by the individual who rented the safekeeping box with the presence of the responsible employee and based on the power of attorney formed and signed by the Head of the CSCO/Head of the branch.


2) The customer can enjoy the service of individual safekeeping box in Head office, “KENTRON”, “SHAHUMYAN”, “ECHMIATSIN” and “NANO” branches of ARMECONOMBANK OJSC.

  • Identity document

  • Document containing the Public Services Number (PSN) (if unavailable – a certificate confirming the refusal to obtain a PSN)


This document may not be required if the Bank has already received it in electronic form from information databases.

  • If the organization has an account with the Bank – a power of attorney authorizing the representative to use the safe deposit box

  • If the organization does not have an account with the Bank – the documents required for opening a bank account (the power of attorney must be notarized)


Note:
Depending on various circumstances, additional documents and information may be required.

Updated: 17/06/2025 13:51