Tariff

CASH AND FOREIGN CURRENCY TRANSACTIONS 

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

1% min AMD 1000

d/ EUR

1%, 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

1% min AMD 1000

d/ EUR

1%, 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%, min AMD 3000

d) USD

1% 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. [br]

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,  [br]

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 [br]

c/ From charity organizations FREE of charge. The tariff is not applied on other currencies. [br]

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.[br]

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.[br]

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.[br]

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

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

 

The procedure, manner, general terms and conditions for the provision of banking services are defined by the “General Terms of Banking Services of ARMECONOMBANK OJSC”  approved by the Executive Board of the Bank, which can be found via the following link.  

YOU ARE ELIGIBLE TO COMMUNICATE WITH FINANCIAL INSTITUTION BY THE MEANS OF COMMUNICATION YOU PREFER – THROUGH POSTAL SERVICES OR ELECTRONICALLY. THE RECEIPT OF INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE ROUND-THE-CLOCK (24/7), FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND ENSURES THE CONFIDENTIALITY.

 “Your Financial Informer” is an electronic system which searches and compares the services offered to individuals and facilitates the selection of the most effective option for you.

Updated: 03/03/2022 09:38