Opening and Maintenance of Accounts
List of documents for opening bank or impersonal metal accounts for legal entities-residents:
- The Charter with all its amendments and additions
- Extract from the Unified State Register, provided by the State Register of Legal Entities of the Ministry of Justice of Armenia
- For joint-stock companies - a list of owners (nominee holders) of securities or an extract from the register of shareholders provided by a specialized organization that maintains the register of owners (nominee holders) of nominal securities
- Identity card and social card number of the head of the executive body or the acting head, or a note on the person’s refusal of a social card (not required when presenting an identification card)
- Identity documents - for individuals who own 10 or more percent of shares, stakes of the Client's statutory capital
- For legal entities that own 10 or more percent of shares, stakes of the Client’s statutory capital - documents specified in paragraphs 1, 2, 3, and 4 of this sub-appendix
- In case of an authorized person – a power of attorney
- Application agreement for opening an account
- Card with signature samples and/or seal imprint (if any)
- Copies of identity documents of persons entitled to 1 and 2 signatures on the signature card
Notice
All copies of documents are submitted with the mark “True to original”, signed by the head of the executive body, or acting head, certified by the Client’s seal (at the Client’s request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
GENERAL TERMS AND CONDITIONS
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0.3%
US dollar
3%
Other freely convertible currency
List of documents for opening bank or impersonal metal accounts for legal entities-residents:
- The Charter with all its amendments and additions
- Extract from the Unified State Register, provided by the State Register of Legal Entities of the Ministry of Justice of Armenia
- If the legal entity-founder is a joint-stock company, for the legal entity-founder - a list of owners (nominal holders) of securities or an extract from the register of shareholders, provided by a specialized organization that maintains the register of owners (nominal holders) of nominal securities
- The decision(s) of the competent authority - the founder of the legal entity, on the creation of a separate subdivision (branch, representative office) or institution and on the approval of its charter, as well as information on the appointment of the head of the separate subdivision or institution, or acting head
- Power of attorney issued by the founder of a legal entity to the head of a separate subdivision (branch, representative office) or institution or acting head
- Identity document of the head of a separate division (branch, representative office), institution or acting head
- Charter of a separate division (branch, representative office) or institution
- Extract from the unified state register provided by the State Register of Legal Entities of the Ministry of Justice of Armenia for a separate division (branch, representative office) or institution
- Application agreement for opening an account
- Card with signature samples and/or seal imprint (if available)
- Copies of identity documents of persons entitled to 1st and 2nd signatures on the signature card
Notice
All copies of documents are submitted with the mark “True to original”, signed by the head of the executive body, or acting head, certified by the Client’s seal (at the Client’s request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
General terms and conditions
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0.3%
US dollar
3%
Other freely convertible currency
List of documents for opening bank or impersonal metal accounts for legal entities-residents:
- The Client's constituent documents (charter with all amendments and additions thereto, founding agreement and other equivalent document in accordance with the legislation of the country of registration)
- Certificate issued by a competent authority, as well as another equivalent document certifying the fact of registration of the Client's manager or acting manager
- Certificate issued by a competent authority or other equivalent document certifying the fact of registration of the Client and data on address of the legal entity
- Certificate issued by a competent authority, as well as another equivalent document certifying the fact of the Client's registration in the tax authority (if any)
- Reference issued by a competent authority on the size of the Client's statutory capital, registered owners and another equivalent document
- Reference issued by a competent authority, as well as another equivalent document, certifying the fact of registration of the ownership rights of owners in relation to shares, stakes
- In case of an authorized person – a power of attorney
- Decision or extract from the decision of the Client's competent authority on the appointment of the manager or the acting manager
- Power of Attorney or an equivalent document confirming the corresponding list of persons and the scope of functions performed by the latter on behalf of the Client on the bank account
- Card with signature samples and/or seal imprint (if any)
- Copies of identity documents of persons entitled to 1 and 2 signatures on the signature card
- Application agreement for opening an account
- For individuals who are the owners of the client's statutory capital (shareholders, stakeholders) - documents proving their identity
- For legal entities that are the owners of the client's statutory capital (shareholders, stakeholders) - documents provided by points 1, 2, 3, 4, 5, 6, 7, 8, 13 and 14 of this subappendix
Notice
All copies of documents are submitted with the mark “True to original”, signed by the head of the executive body, or acting head, certified by the Client’s seal (at the Client’s request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
General terms and conditions
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0,3%
US dollar
3%
Other freely convertible currency
List of documents for opening a bank or impersonal metal account for separate subdivisions (branches, representative offices) and institutions of a legal entity:
- Identity documents
- Social card or social service number, or a reference of its absence (not required when presenting an identification card)
- Extract from the Unified State Register, provided by the State Register of Legal Entities of the Ministry of Justice of Armenia
- Service ID issued to a notary by the Ministry of Justice of Armenia
- In case of authorized persons – a power of attorney
- Application agreement for opening an account
- Card with signature samples and/or seal imprint (if any)
- Identity documents of persons entitled to 1st and 2nd signatures on the signature card
Notice
All copies of documents are submitted with the mark "True to original", signed by the head of the executive body, or the acting head, certified by the seal of the Client (at the Client's request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
General terms and conditions
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0,3%
US dollar
3%
Other freely convertible currency
List of documents required to open a special bankruptcy account in the name of a Client (debtor) declared bankrupt:
- Court decision on declaring the Client (debtor) bankrupt
- Court decision on the appointment of a bankruptcy trustee
- Identity document of the bankruptcy trustee
- Application agreement for opening an account
- Card with signature samples and/or seal imprint (if any)
Notice
All copies of documents are submitted with the mark “True to original”, signed by the head of the executive body, or acting head, certified by the Client’s seal (at the Client’s request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
General terms and conditions
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0,3%
US dollar
3%
Other freely convertible currency
List of documents required to open an account for non-profit organizations (state and community non-profit organizations, funds, public associations):
- The Charter with all its amendments and additions
- Extract from the Unified State Register, provided by the State Register of Legal Entities of the Ministry of Justice of Armenia
- Identity card and social card number of the head of the executive body or the acting head, or a note on refusal of the social card (if an identity card is presented, the social card is not required)
- Decision/minutes of the competent authority on the establishment of a non-profit organization
- Information provided by the authorized body of a non-profit organization about its founders (participants) (not required if information about the founders is included in the charter)
- In case of authorized persons – a power of attorney
- Application agreement for opening an account
- Card with signature samples and/or seal imprint (if any)
- Copies of identity documents of persons entitled to 1st and 2nd signatures on the signature card
Notice
All copies of documents are submitted with the mark “True to original”, signed by the head of the executive body, or the acting head, certified by the Client’s seal (at the Client’s request), with the exception of the original power of attorney submitted by an authorized person. If necessary, other documents established by the procedure "On combating money laundering and terrorist financing" of ARMBUSINESSBANK may be requested.
General terms and conditions
Minimum balance of the Client's account (for all accounts)
For legal entitles of RA
15 000
For individual entrepreneurs
5 000
Annual interest rate applied to the daily account balance
For AMD accounts
1%
For currency accounts
0%
Commission for cash withdrawal from the clients account
Dram RA
0,3%
US dollar
3%
Other freely convertible currency
Updated 12.11.2024 11:59