Account Opening/Service
Bank Аccounts

Bank Аccounts

Open your business account with IDBank

General

General
Tariffs
Documents
Bank Аccounts

Bank accounts

Leave your business account in trustworthy hands! At IDBank, you can open a business account for a legal entity or individual entrepreneur and enjoy free remote service. Pay a one-time fee of 3,000 AMD (for RA resident clients) and open the account with no annual service fee!

There is no minimum balance requirement for the account.



Advantages

Free service
No annual account service fee is specified.
Free statement
The account statement is provided free of charge.
Remote service
Free remote service for your account
0 required balance
No minimum balance required for the account

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 Аccounts - Special offers
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
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
Free of charge
Provision of documents and agreements (for 1 document): For documents provided for a term of up to 1 year
2,000
Provision of documents and agreements (for 1 document):For any document provided for a term of more than 1 year
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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

Tariff archive

Tariffs valid from 09/09/2022-26/04/2023 / for residents RA
254.88 KB
Tariffs valid from 02/10/22-26/04/23 / RA non residents
875.17 KB
Tariffs valid from 14/03/2022-18/05/2022 / for residents RA
252.99 KB
Tariffs valid from 14/03/2022-18/05/2022 / for RA non residents
136.65 KB
Tariffs valid from 09/09/2022 to 02/10/2022 /for RA non residents
307.33 KB
Tariffs valid from 06/09/2022-14/03/2022
226.25 KB
Tariffs valid from 19/05/2022-09/09/2022(for residents))
302.55 KB
Tariffs valid from 19/05/2022-09/09/2022(for non-residents))
228.53 KB
Tariffs valid from 09/09/22 / for residents
299.83 KB
Tariffs valid from 02/10/22 / RA non residents
902.53 KB
Tariffs valid from 20․07․22-31․08․23
134.18 KB
Required documents
83.17 KB
Questionnaire for non-resident legal entities
114.03 KB
How to become IDBank client with a foreign passport
639.68 KB
Example of a power of attorney /IE
44.52 KB
Example of a power of attorney /LP
46.40 KB

Client type
IP
Legal entity
Code
+374 (Armenia)
+375 (Belarus)
+7 (Russia)
+32 (Belgium)
+1 (USA)
+1 (Canada)
+49 (Germany)
+86 (China)
+995 (Georgia)
+380 (Ukraine)
+33 (France)
+39 (Italy)
+34 (Spain)
+971 (UAE)
+44 (United Kingdom)
Branch
Vanadzor branch
"Echmiadzin” branch
Davtashen branch
Gyumri branch
IDBank Head Office
Abovyan branch
“Vardanants” branch
"Shengavit" branch
"Nor Nork" branch
"Malatia" branch
"Centre" branch
"Baghramyan" branch
"Arabkir" branch
"Erebuni" branch
Passport / International passport
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Unacceptable file
Public service number
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Other documents
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/THE BANK SUPERVISED BY THE CENTRAL BANK OF ARMENIA/
Information updated 11.04.2024 11:32
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