General
Advantages
Special offer
Use the Visa Business card for enterprises. Make payments all over the world and get one of the many benefits for business for only 5,000 drams a year.
BANK ACCOUNT OPENING AND MAINTENANCE
TARIFF-AMD
Account opening/reopening:(for each account)
3,000
Monthly account service fee (for all the accounts together)
free of charge
Annual maintenance of inactive customer accounts (for all the accounts together)
5,000
Account closure
free of charge
Non-decreasing account balance
Not specified
Cash deposit to the account:For currencies accepted and quoted by the bank in cash
Cash withdrawal/provision from the account: Within the limits of the amount credited to the client's accounts in cash, non-cash and transit accounts, in AMD or in a foreign currency accepted in cash and quoted
Provision of electronic statements and payment documents generated in remote service systems
free of charge
Provision of statements (for 1 account): First time provision – for statements prescribed by RA legislation (provided at least once every 30 days)
free of charge
Provision of statements (for 1 account): More than once – in case of statements provided for a term of up to 1 year
500
Provision of statements (for 1 account): More than once – for statements provided for a term of more than 1 year
1,000
Provision of documents and agreements (for 1 document): For the first time after each transaction except for transactions processed through remote service systems
Free of charge
Provision of documents and agreements (for 1 document): For documents provided for a term of up to 1 year inclusive, for transactions processed through remote service systems
2,000
Provision of documents and agreements (for 1 document):For any document provided for a term of more than 1 year processed through remote service systems
5,000
Provision of references on presence, balance, movement of AMD and/or foreign currency account according to the application: In Armenian
3,000
Provision of references on presence, balance, movement of AMD and/or foreign currency account according to the application: Bilingual (e.g. Armenian – Russian or Armenian – English)
5,000
Provision of references on presence, balance, movement of AMD and/or foreign currency account according to the application: Provision of references on obligations
1,000
Provision of other references
5,000
Preparation of responses to audit inquiries
10,000
Annual interest rate for current bank accounts
0% (annual percentage yield equals to 0%)6
Provision of power of attorney by the Bank
5,000
Transfers on the RA territory: Transfers (through IDBank system) between the clients of “ID Bank” CJSC in AMD and other currency
Free of charge
Transfers on the RA territory: Transfers in AMD to other Banks of RA and RA state budget:In case of submitting the payment order through remote service systems
Free of charge
Transfers on the RA territory: Transfers in AMD to other Banks of RA and RA state budget:In case of submitting the payment order to the Bank
500
Transfers on the RA territory: Urgent transfers in AMD to other banks and RA state budget
0.1%,Minimum 1000,
maximum 10,000
maximum 10,000
Transfers on the RA territory: Transfers to other banks of RA in USD and Euro: In case of submitting the payment order to the Bank
0.12%, minimum 2,000,
maximum 20,000
maximum 20,000
Transfers on the RA territory: Transfers to other banks of RA in USD and Euro: In case of submitting the payment order through remote service systems
0.1%, minimum 2,000,
maximum 20,000
maximum 20,000
Transfers in foreign currency: Transfers in USD, Euro: OUR variant: The transaction costs are borne by the client making the transfer: In case of submitting the payment order to the Bank
0.2%,
Minimum 10,000,
maximum 75,000
Minimum 10,000,
maximum 75,000
Transfers in foreign currency: Transfers in USD, Euro: OUR variant: The transaction costs are borne by the client making the transfer: In case of submitting the payment order through remote service systems
0.18%,
Minimum 10,000,
maximum 75,000
Minimum 10,000,
maximum 75,000
Transfers in foreign currency, Transfers in USD, Euro: Guaranteed OUR option: In case of selecting this variant, the beneficiary will receive the whole amount
a. 15,000 is charged in addition to clause 2.2.1.1 for USD
b. In case of submitting the payment order to the Bank: 13.000 for up to 12.500 EUR inclusive
c. In case of submitting the payment order through remote service systems: 11.000 for up to 12.500 EUR inclusive
In case of exceeding EUR 12.500
In case of submitting the payment order to the Bank: 0.2%,minimum 15,000, maximum 75,000
In case of submitting the payment order through remote service systems: 0.18%,minimum 15,000, maximum 75,000
b. In case of submitting the payment order to the Bank: 13.000 for up to 12.500 EUR inclusive
c. In case of submitting the payment order through remote service systems: 11.000 for up to 12.500 EUR inclusive
In case of exceeding EUR 12.500
In case of submitting the payment order to the Bank: 0.2%,minimum 15,000, maximum 75,000
In case of submitting the payment order through remote service systems: 0.18%,minimum 15,000, maximum 75,000
Transfers in foreign currency, Transfers in USD, Euro: BEN/SHA option: Transaction costs of third banks are charged from the money transferred
In case of submitting the payment order to the Bank-6,000
In case of submitting the payment order through remote service systems-5,000
In case of submitting the payment order through remote service systems-5,000
Transfers in foreign currency, Transfers in Rubles, Lari: Performed only with OUR option, moreover, the beneficiary will receive the whole amount
In case of submitting the payment order to the Bank-0.05%, minimum 3,000, maximum 20,000
In case of submitting the payment order through remote service systems-0.04%, minimum 3,000, maximum 20,000
In case of submitting the payment order through remote service systems-0.04%, minimum 3,000, maximum 20,000
Transfers in foreign currency, Transfers in other currencies acceptable for the Bank: OUR option: The transaction costs are borne by the client making the transfer
In case of submitting the payment order to the Bank-0.2%, minimum 15,000, maximum 80,000
In case of submitting the payment order through remote service systems-0.18%, minimum 15,000, maximum 80,000
In case of submitting the payment order through remote service systems-0.18%, minimum 15,000, maximum 80,000
Execution of the order on recalling the payment order or changing payment requisites according to the client’s application, making inquiries In AMD
1,000
Execution of the order on recalling the payment order or changing payment requisites according to the client’s application, making inquiries In rubles, lari
10,000
Execution of the order on recalling the payment order or changing payment requisites accordingo the client’s application, making inquiries(In other currency): In case of up to 1-year old payment orders
30,000
Execution of the order on recalling the payment order or changing payment requisites according to the client’s application, making inquiries(In other currency): In case of payment orders more than 1 year old
125,000
Return of transfer by the correspondent bank as a result of submission of incomplete or incorrect details by the client: In AMD
1,000
Return of transfer by the correspondent bank as a result of submission of incomplete or incorrect details by the client: In Rubles, Lari
10,000
Return of transfer by the correspondent bank as a result of submission of incomplete or incorrect details by the client: In other currency
20,000
Provision of copies of SWIFT messages
3,000
Return of unclear amounts received in foreign currency according to internal acts or at the request of the transferring bank: In rubles
1,000
Return of unclear amounts received in foreign currency according to internal acts or at the request of the transferring bank In other currency: Up to 500 USD or equivalent in other currency
5,000
Return of unclear amounts received in foreign currency according to internal acts or at the request of the transferring bank In other currency: 500 USD and over or equivalent in other currency
15,000
CASH AND FOREIGN CURRENCY OPERATIONS
TARIFF-AMD
Purchase and sale, exchange of foreign currency in cash: In case of banknotes fit for circulation
According to the exchange rate set by the Bank for cash quoted currencies as of the given day
Purchase and sale, exchange of foreign currency in cash: In case of worn-out USD, EUR, RUB banknotes
3%
Cash foreign currency calculation, authentication, exchange with another banknote of nominal value: In case of up to 300 USD or 300 EUR or 20,000 RUB inclusive or another 300 USD equivalent foreign currency cash quoted by the Bank
free of charge
Cash foreign currency calculation, authentication, exchange with another banknote of nominal value: In case of foreign currency over 300 USD or 300 EUR or 20,000 RUB or another equivalent foreign currency over 300 USD cash quoted by the Bank
0.1%,
minimum 1,000,
maximum 100,000
minimum 1,000,
maximum 100,000
Provision of cash funds through the Bank’s POS-terminals with cards issued outside the RA territory
5%
DOCUMENTARY COLLECTION
TARIFF-AMD
Export collection: Issuance of collection order, acceptance and sending of documents
0.2%, minimum 50,000
Export collection: Change or cancelation of collection terms and conditions
25,000
Import collection: Notification of collection order and each change
25,000
Import collection: Maintenance/acceptance of collection order
0.1%,
minimum 6,000,
maximum 45,000
minimum 6,000,
maximum 45,000
Import collection: Provision of documents to the client
Free of charge
Import collection: Return of documents submitted for collection but not paid by the client
50,000
CONVERSION OPERATIONS
TARIFF-AMD
Intrabank conversions
According to the agreement or the Bank’s exchange rate
REMOTE SERVICING
TARIFF-AMD
Connection to the IDBusiness system
free of charge
Connection to the IDBusiness system: Provision of authority to make transactions
free of charge
Connection to the IDBusiness system: Provision of authority to view information about transactions, including transaction-related actions
free of charge
Connection to IDBANKING system
free of charge
Downloading IDBusiness Mobile application
free of charge
Downloading IDBusiness Mobile application: Provision of authority to make transactions
free of charge
Downloading IDBusiness Mobile application: Provision of authority to view information about transactions, including transaction-related actions
free of charge
DEPOSIT BOX RENTAL AND OTHER SERVICES
TARIFF-AMD
Deposit box rental
Functions performed by the state authorities
OPERATIONS RELATED TO LOANS/COLLATERALS
TARIFF-AMD
Provision of permission for registration of a physical entity at the address of the pledged real estate property (irrespective of the number of entities to be registered)
3,000 per case
Provision of permission to make changes in the ownership certificate of the pledged property except for changes resulting from recognition of inheritance
10,000
Provision of permission to rent the pledged real estate or moveable property
10,000
Provision of permission to change the registration number of the pledged vehicle
5,000
Provision of permission to partially release the pledged property or change the pledged property (in case of physical entity clients, except for gold pledged loan borrowers)
10,000
Provision of permission to partially release the pledged property or change the pledged property (in case of legal entity, PE clients), except for loans pledged by gold, cash and bonds issued by the Bank as well as cases, when the subject of pledge is replaced by:
30,000 for change of each pledge agreement
Pledge of gold items or standardized gold bars
free of charge
Pledge of funds
free of charge
Pledge of bonds issued by the Bank
free of charge
Provision of statements on pledged property
10,000 in case of real estate property. 5,000 in case of moveable property
Revision of loan conditions
1% of the balance but not less than 20,000 AMD and not more than 150,000 AMD
BANK ACCOUNT OPENING AND MAINTENANCE
TARIFF-AMD
Account opening/ reopening(for each account)
20,000
Account maintenance (for all the accounts together)
10,000 monthly or 100,000 annually
Annual maintenance of inactive customer accounts (for all the accounts together)
5,000
Cash deposit to the account:For currencies accepted and quoted by the bank in cash
Cash withdrawal/provision from the account: Within the limits of the amount credited to the client's accounts in cash, non-cash and transit accounts, in AMD or in a foreign currency accepted in cash and quoted
Provision of statements and payment documents formed in the remote service systems
free of charge
Provision of statements (for 1 account): First time provision – for statements prescribed by RA legislation (provided at least once every 30 days) (electronically)
free of charge
Provision of statements (for 1 account): More than once – in case of statements provided for a term of up to 1 year
5,000
Provision of statements (for 1 account): More than once – for statements provided for a term of more than 1 year
10,000
Provision of documents and agreements (per 1 document): For the first time after each transaction except for transactions processed through remote service systems
free of charge
Provision of documents and agreements (per 1 document): More than once – for each document provided for a term of up to 1 year including for transactions processed through remote service systems
5,000
Provision of documents and agreements (per 1 document): More than once – for each document provided for a term of more than 1 year including for transactions processed through remote service systems
10,000
TRANSFERS WITHIN AND OUTSIDE THE RA TERRITORY
TARIFF-AMD
Transfers within the RA territory: Transfers (through IDBank system) between the clients of “ID Bank” CJSC in AMD and other currency
Free of charge
Transfers within the RA territory: Transfers in AMD to other Banks of RA and RA state budget:In case of submitting the payment order through remote service systems
Free of charge
Transfers within the RA territory: Transfers in AMD to other Banks of RA and RA state budget:In case of submitting the payment order to the Bank
500
Transfers within the RA territory: Urgent transfers in AMD to other banks and RA state budget
10,000
Transfers within the RA territory: Transfers to other banks of RA in USD and Euro
0.3%, minimum 30,000
Transfers in foreign currency: Transfers in USD, Euro: OUR option: The transaction costs are borne by the client making the transfer: In case of submission of the payment order in paper form and through remote service systems
0.3%, minimum 30,000
Transfers in foreign currency: Guaranteed OUR option: (only in USD): In case of selecting this option, the beneficiary will receive the whole amount: in addition to paragraph 2․2.1.1 the following charges apply:
30,000
Transfers in foreign currency, Transfers in USD, Euro: BEN/SHA option: Payment instruction related costs of third banks are charged from the money being transferred: In case of submission of the payment order in paper form and through remote service systems.
30,000
Transfers in foreign currency, Transfers in Rubles, Lari: Performed only with OUR option, moreover, the beneficiary will receive the whole amount: In case of submission of the payment order in paper form and through remote service systems.
0.3%, minimum 30,000
Transfers in foreign currency, Transfers in other currencies acceptable for the Bank: Performed only with OUR option: The payment instruction related costs are borne by the client making the transfer: In case of submission of the payment order in paper form and through remote service systems.
0.3%, minimum 30,000
Information bulletin of tariffs for residents of republic of armenia for bank accounts, transfers and other services provided by “IDBank” CJSC to legal entities and private entrepreneurs CRS (Common Reporting Standard) is a unified standard developed by the Organisation for Economic Co-operation and Development (OECD) for reporting, due diligence, and exchanging information about financial accounts between tax authorities of different countries. It has been implemented in various countries as an agreement for international exchange of tax information.
CRS (Common Reporting Standard) is a global standard for automatic exchange of financial account information designed to reduce the risk of tax evasion globally. Under CRS, banks are required to transmit information through the Armenian tax authority about customers who are tax residents of other countries to the tax authorities of those countries that have joined the CRS system.
Currently, more than 120 countries have joined CRS, including:
- Almost all European countries (all EU countries),
- Many Asian countries (e.g., China, India, Japan),
- Several African countries (e.g., South Africa),
- Certain countries of the American continent (e.g., Canada, Brazil).
The United States (USA) has not joined CRS but instead has its separate regulation under the Foreign Account Tax Compliance Act (FATCA) for US taxpayers.
Armenia joined the system recently, and the data exchange will occur for the first time in 2025, for the 2024 reporting period. However, the number of CRS-participating countries is continuously increasing, and the final list can be found on the OECD's official website:
OECD Official CRS Implementation List
Reporting persons are:
1. Individuals/individual entrepreneurs who are tax residents of a CRS-participating country,
2. Legal entities (hereinafter referred to as Organizations) that, or whose controlling person(s) are tax residents of a CRS-participating country.
1. Individuals/individual entrepreneurs who are tax residents of a CRS-participating country,
2. Legal entities (hereinafter referred to as Organizations) that, or whose controlling person(s) are tax residents of a CRS-participating country.
Following amendments to the Armenian Tax Code, the Bank is now obligated to submit financial account information of account holders who are tax residents of a foreign country (territory) to the Armenian tax authority. This means that if you are a customer of the Bank and also a tax resident of a foreign country (territory), your data must be provided by the Bank to the Armenian tax authority.
Following amendments to the Armenian Tax Code, the Bank is obligated to provide financial account information of account holders who are tax residents of a foreign country (territory) to the Armenian tax authority. This means that if an Organization is a customer of the Bank and at the same time a tax resident of a foreign country (territory), or if the controlling person of a passive non-financial Organization is a tax resident of a foreign country (territory), the Organization’s data must be provided by the Bank to the Armenian tax authority.
Non-financial Organizations are considered passive if more than 50% of their gross income for the previous calendar year or other reporting period consists of passive income (e.g., dividends, interest, royalties, rental income, capital gains, annuities, and similar types of income).
Controlling persons are individuals who exercise control over the Organization. Specifically, they include individuals who directly or indirectly own 20% or more of the voting shares (stocks, stakes) or have 20% or more participation in the statutory capital, or otherwise exercise actual (effective) control over the Organization. If no individual meets these criteria, the controlling person is considered to be the official responsible for the overall or ongoing management of the Organization.
Criteria for determining foreign tax residency of an individual or controlling person of an Organization may differ by country. The main indicative criteria generally include:
For individuals:
1. Having a postal or actual residence address in a CRS member country,
2. The center of vital interests (workplace, family, property) is located in a CRS member country,
3. Country where the individual has tax registration or Tax Identification Number (TIN).
For Organizations:
1. The Organization’s registered address or actual place of business is in a CRS member country.
For individuals:
1. Having a postal or actual residence address in a CRS member country,
2. The center of vital interests (workplace, family, property) is located in a CRS member country,
3. Country where the individual has tax registration or Tax Identification Number (TIN).
For Organizations:
1. The Organization’s registered address or actual place of business is in a CRS member country.
Determination of tax residency can vary by country; however, clients themselves declare their tax residency status.
The following information about each reportable person who is a tax resident of a foreign country (territory) will be transmitted to tax authorities:
1. Identification details,
2. Information about accounts and certain transactions performed on those accounts.
1. Identification details,
2. Information about accounts and certain transactions performed on those accounts.
The Bank will provide information about customers who have:
- New accounts opened after January 1, 2024 (regardless of the balance),
- Existing accounts that meet one of the following criteria:
- Account balance exceeds USD 250,000 (or equivalent in AMD/other currency) as of the beginning or end of 2023, or
- Total account inflows exceed USD 250,000 (or equivalent in AMD/other currency), or
- Total account outflows exceed USD 250,000 (or equivalent in AMD/other currency).
Under Armenian tax legislation, the Bank is obligated to provide information about a client's financial accounts if they meet CRS standard criteria. If a client refuses to provide required information upon account opening, the Bank has the right to refuse opening the account. For existing accounts, refusing to provide information may result in limitations or termination of account services by the Bank.
If a customer refuses to provide the required consent within 10 days after receiving the request from the Bank, the Bank may refuse to open new financial accounts and may limit or terminate operations on previously opened accounts.
A self-certification is a document through which customers declare their tax residency. Customers submit this document to establish their tax residency status. Self-certification must contain at least the following information:
- Customer identification data,
- Country or countries of tax residency (if the individual has dual tax residency),
- Tax Identification Number (TIN) in the country or countries where the customer is registered as a tax resident.
The Bank has all the necessary information security systems in place, thus keeping money on the account is secure. It is only necessary that the client also follows the security rules. In the meantime we hereby inform that the return of the funds available on the account in the amount of up to AMD 16 mln and amount in USD equivalent to AMD 7 mln is guaranteed in accordance with the RA law on "On Guarantee of Compensation for the Banking Deposits of Physical Entities".
The current account is opened for an indefinite term. Moreover, the account can be opened through the IDBanking.am online platform, Idram&IDBank mobile application and in the branches of the Bank for absolutely no charge.
The Bank opens and maintains current accounts in AMD, USD, EUR, RUB, British pound, Japanese yen, Swiss franc, Georgian lari, UAE dirham, Chinese yuan, Belarusian ruble.
Both resident and non-resident entities can open current accounts.
No nondecreasing balance is applied to current accounts.
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