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1
These tariffs are not applicable to customers of Bank, who meet the following description:
a) Resident legal entity of the Republic of Armenia, in the authorized capital of which a total participation of 50% or more have:
- foreign citizens, and / or
- RA non-resident legal entities, and / or
- A resident legal entity of the Republic of Armenia, in the authorized capital of which foreign citizens or non-resident legal entities of the Republic of Armenia have 50% and more percent participation.
b) A Private Entrepreneur registered in the Republic of Armenia, who is a foreign citizen
Attention: If during the validity of the Client's bank account agreement, the client's description changes and the client meets the above-mentioned description, then the conditions specified in the Information bulletin apply to the Client, from the day the Bank becomes aware of the change.
a) Resident legal entity of the Republic of Armenia, in the authorized capital of which a total participation of 50% or more have:
- foreign citizens, and / or
- RA non-resident legal entities, and / or
- A resident legal entity of the Republic of Armenia, in the authorized capital of which foreign citizens or non-resident legal entities of the Republic of Armenia have 50% and more percent participation.
b) A Private Entrepreneur registered in the Republic of Armenia, who is a foreign citizen
Attention: If during the validity of the Client's bank account agreement, the client's description changes and the client meets the above-mentioned description, then the conditions specified in the Information bulletin apply to the Client, from the day the Bank becomes aware of the change.
*
According to the bulletins available in the Bank, the Bank can independently, without the prior consent of the customer, choose the path of transfer of funds /to the intermediary bank/ in the event that the complete path of transfer /intermediary bank/ is not indicated in the payment order submitted by the customer. In the case of transfers in Russian rubles and some other currencies, the transfer order must contain the coding required by the legislation of the country in question (if any).
The Bank may suspend or refuse the transfer in case of failure to submit sufficient necessary information/documents related to the transaction, based on the requirements of the correspondent banks, in the cases defined by RA legislation or internal legal acts of the Bank.
The tariffs for the services mentioned in sections 11-16 include the commission fees of the Bank's correspondent banks. The costs of third banks, if any, are charged additionally to the customer in the amount paid by the Bank.
In case of insufficient results of the execution of the order due to reasons beyond the bank's control, the amount of the paid commission is not subject to return.
The Bank may suspend or refuse the transfer in case of failure to submit sufficient necessary information/documents related to the transaction, based on the requirements of the correspondent banks, in the cases defined by RA legislation or internal legal acts of the Bank.
The tariffs for the services mentioned in sections 11-16 include the commission fees of the Bank's correspondent banks. The costs of third banks, if any, are charged additionally to the customer in the amount paid by the Bank.
In case of insufficient results of the execution of the order due to reasons beyond the bank's control, the amount of the paid commission is not subject to return.
1․ Transfers on the RA territory: Transfers (through IDBank system) between the clients of “ID Bank” CJSC in AMD and other currency
Free of charge
2․ 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
3․ 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
4․ Transfers on the RA territory: Urgent transfers in AMD to other banks and RA state budget*
0.1%,Minimum 1000, maximum 10,000
*Urgent transfers are made at the times and in the order set by the Rules.
*Urgent transfers are made at the times and in the order set by the Rules.
5․ 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
6․ 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
7․ Transfers in foreign currency: Transfers in USD, Euro: 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 10,000,
maximum 75,000
*Transfers made to other banks of RA through foreign intermediary banks and transfers in other currency are made according to the points 1-16
Minimum 10,000,
maximum 75,000
*Transfers made to other banks of RA through foreign intermediary banks and transfers in other currency are made according to the points 1-16
8․ Transfers in foreign currency: Transfers in USD, Euro: OUR option: 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
9․ 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 7-8 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
10․ 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
11․ 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
12․ 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
13․ 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
14․ 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
15․ 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
16. 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
*Charged from the refund amount in the equivalent currency.
*Charged from the refund amount in the equivalent currency.
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
1
These tariffs are not applicable to customers of Bank, who meet the following description:
a) Resident legal entity of the Republic of Armenia, in the authorized capital of which a total participation of 50% or more have:
- foreign citizens, and / or
- RA non-resident legal entities, and / or
- A resident legal entity of the Republic of Armenia, in the authorized capital of which foreign citizens or non-resident legal entities of the Republic of Armenia have 50% and more percent participation.
b) A Private Entrepreneur registered in the Republic of Armenia, who is a foreign citizen
Attention: If during the validity of the Client's bank account agreement, the client's description changes and the client meets the above-mentioned description, then the conditions specified in the Information bulletin apply to the Client, from the day the Bank becomes aware of the change.
a) Resident legal entity of the Republic of Armenia, in the authorized capital of which a total participation of 50% or more have:
- foreign citizens, and / or
- RA non-resident legal entities, and / or
- A resident legal entity of the Republic of Armenia, in the authorized capital of which foreign citizens or non-resident legal entities of the Republic of Armenia have 50% and more percent participation.
b) A Private Entrepreneur registered in the Republic of Armenia, who is a foreign citizen
Attention: If during the validity of the Client's bank account agreement, the client's description changes and the client meets the above-mentioned description, then the conditions specified in the Information bulletin apply to the Client, from the day the Bank becomes aware of the change.
TRANSFERS WITHIN AND OUTSIDE THE RA TERRITORY
TARIFF-AMD
*
According to the bulletins available in the Bank, the Bank can independently, without the prior consent of the customer, choose the method of transfer of funds /to the intermediary bank/ in the event that the complete method of transfer /intermediary bank/ is not indicated in the payment order submitted by the customer. In the case of transfers in Russian rubles and some other currencies, the transfer order must contain the coding required by the legislation of the country in question (if any).
The Bank may suspend or refuse the transfer in case of failure to submit sufficient necessary information/documents related to the transaction, based on the requirements of the correspondent banks, in the cases defined by RA legislation or internal legal acts of the Bank.
The tariffs for the services mentioned in section 10 include the commission fees of the Bank's correspondent banks. The costs of third banks, if any, are charged additionally to the customer in the amount paid by the Bank.
In case of insufficient results of the execution of the order due to reasons beyond the bank's control, the amount of the paid commission is not subject to return.
The Bank may suspend or refuse the transfer in case of failure to submit sufficient necessary information/documents related to the transaction, based on the requirements of the correspondent banks, in the cases defined by RA legislation or internal legal acts of the Bank.
The tariffs for the services mentioned in section 10 include the commission fees of the Bank's correspondent banks. The costs of third banks, if any, are charged additionally to the customer in the amount paid by the Bank.
In case of insufficient results of the execution of the order due to reasons beyond the bank's control, the amount of the paid commission is not subject to return.
1․ Transfers within the RA territory: Transfers (through IDBank system) between the clients of “ID Bank” CJSC in AMD and other currency
Free of charge
2․ 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
3․ Transfers within the RA territory: AMD transfers to other RA banks and the state budget of RA:In case of submitting the payment order through remote service systems
Free of charge
4․ Transfers within the RA territory: Urgent transfers in AMD to other banks and the state budget of RA*
10,000
*Urgent transfers are made at the times and in the order set by the Rules.
*Urgent transfers are made at the times and in the order set by the Rules.
5․ Transfers within the RA territory: Transfers to other RA banks in USD and Euro*
0.3%, minimum 30,000
*Transfers made to other RA banks through foreign intermediary banks and transfers in other currency are made according to the paragraphs 6-10
*Transfers made to other RA banks through foreign intermediary banks and transfers in other currency are made according to the paragraphs 6-10
6․ 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
7․ 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 6 the following charges apply:
30,000
8․ 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
9․ 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
10․ 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
1
Disputes arising between the parties may be resolved through the courts or through the Financial System Mediator (in accordance with the procedure established by the RA Law on the Financial System Mediator), address: 15 M. Khorenatsi Street, Elite Plaza Business Center, 7th Floor, Yerevan 0010, Republic of Armenia, e-mail: [email protected], telephone: (+37460) 70-11-11, fax: (+37410) 58 24 21. Furthermore, if the amount of the property claim does not exceed AMD 250,000 (two hundred fifty thousand) or its equivalent in foreign currency, the decisions of the Financial System Mediator may not be challenged by the Bank.
2
The Bank may, for the purposes of customer due diligence as required by the RA Law on Combating Money Laundering and Terrorist Financing, request additional documents or information based on the “Know Your Customer” (KYC) principle.
3
Pursuant to the agreement concluded with the United States under the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the customer is a U.S. taxpayer, as well as to provide the State Revenue Committee of the Republic of Armenia with information on customers who are foreign tax residents in accordance with the Common Reporting Standard (CRS) of the Organisation for Economic Co-operation and Development (OECD), as prescribed by the RA Tax Code.
4
The list of the Bank’s branches and ATMs, as well as their addresses and business hours, is available at the following link: Branches and ATMs.։
5
Attention: Interest on the funds available in the Customer's account is calculated based on the nominal interest rate. The Annual Percentage Yield (APY), on the other hand, indicates the total income the Customer will earn after paying all mandatory fees related to the funds and receiving the accrued interest at the prescribed intervals. The methodology for calculating the APY is available at the following link: Annual Percentage Yield (APY) Calculation
6
The account is opened for an indefinite term.
If the Customer submits a request to close the bank account, it will be closed within 1 (one) banking day. The funds available in the account will be returned to the Customer on the same banking day using the method chosen by the Customer.
If the Customer submits a request to close the bank account, it will be closed within 1 (one) banking day. The funds available in the account will be returned to the Customer on the same banking day using the method chosen by the Customer.
7
For transactions carried out in a currency different from the account currency, the exchange rates set by the Bank for the respective transaction shall apply.
8
For information on the procedure and terms for crediting/debiting funds to and from the account, please see here
9
If the balance of an inactive account is less than the applicable fee (or its equivalent in foreign currency), the entire remaining balance will be charged as the fee, after which the Bank may close the account. The charged fee is non-refundable.
10
The account holder's rights to manage the account and the funds therein may be restricted by a court decision, based on a request submitted by the bodies responsible for the compulsory enforcement of judicial acts or by the tax authorities.
Funds may be seized from the account without the account holder's instruction pursuant to a court decision, based on a request submitted by the bodies responsible for the compulsory enforcement of judicial acts or by the tax authorities. The procedure for notifying the account holder thereof is as follows:
Funds may be seized from the account without the account holder's instruction pursuant to a court decision, based on a request submitted by the bodies responsible for the compulsory enforcement of judicial acts or by the tax authorities. The procedure for notifying the account holder thereof is as follows:
11
The repayment of funds held in the account is guaranteed in accordance with the Law of the Republic of Armenia "On Guaranteeing the Compensation of Bank Deposits of Individuals."
Deposits of individuals placed with IDBank CJSC are guaranteed by the Deposit Guarantee Fund within the compensation limits established by law, as follows:
Deposit currency structure/Maximum guaranteed compensation amount
If you have only an AMD-denominated deposit with the same bank: AMD 16 million
If you have only a foreign currency deposit with the same bank: AMD 7 million
If you have both AMD- and foreign currency-denominated deposits with the same bank:
If the AMD deposit exceeds AMD 7 million: AMD 16 million (only the AMD deposit is guaranteed)
If the AMD deposit is less than AMD 7 million: AMD 7 million (the AMD deposit is guaranteed in full, and the foreign currency deposit is guaranteed up to the difference between AMD 7 million and the amount of the guaranteed AMD deposit)
Deposits of individuals placed with IDBank CJSC are guaranteed by the Deposit Guarantee Fund within the compensation limits established by law, as follows:
Deposit currency structure/Maximum guaranteed compensation amount
If you have only an AMD-denominated deposit with the same bank: AMD 16 million
If you have only a foreign currency deposit with the same bank: AMD 7 million
If you have both AMD- and foreign currency-denominated deposits with the same bank:
If the AMD deposit exceeds AMD 7 million: AMD 16 million (only the AMD deposit is guaranteed)
If the AMD deposit is less than AMD 7 million: AMD 7 million (the AMD deposit is guaranteed in full, and the foreign currency deposit is guaranteed up to the difference between AMD 7 million and the amount of the guaranteed AMD deposit)
Tariffs of transfers for RA resident legal entities and private entrepreneurs 
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