Account Opening/Service
Escrou accounts

Escrou accounts

Your guarantee for secure transactions

General

General
Tariffs
Documents
Escrou accounts

Escrow account

Make your trading transactions more secure by using IDBank escrow accounts. The escrow account credits the amount mentioned for the purchase of goods, services, movable property or real estate or a part of the mentioned amount as a guarantee of the transaction. The commission varies in the range of 0.2% - 20,000-500,000 AMD. Thanks to escrow, the transaction becomes more secure for both the buyer and the seller.

Advantages

Available for everyone
For physical persons and legal entities
Choice of currency
The account is available in AMD and foreign currency
Safe transactions
Transactions are safe for both parties
Action
Tariff
Client group
Physical and legal entity clients
Account opening
Free of charge
Service fee
In the amount of 0.2% of the amounted deposited to the account, with minimum fee set as 20,000 AMD and maximum fee set as 500,000 AMD. In case of transactions exceeding 250 million AMD or equivalent in other currency the commission is charged according to the agreement.
Account currency
AMD and other acceptable currency for the Bank
Minimum amount of transactions through the account
Not specified
Maximum amount of transactions through the account
Conditioned by transaction requirements
Cash deposit to account
According to bank account tariffs and conditions
Types of operations through the account
Account replenishment / The amount or parts of the amount defined for acquisition of the goods, service, movable or immovable property as a guarantee of the transaction. / Cash deposit / Transfers from other accounts, including online transfers / Through bank transfers / Account withdrawal / Cash withdrawal / Transfers from account, including online transfers
Provision of reference on the account
Free of charge
Annual nominal interest rate
0% (annual percentage yield equals to 0%)
Change of terms
While making changes to the terms of the agreement the account holder is charged 10,000 AMD for making each additional agreement.
Account closure
Free of charge
Required documents
147.88 KB

Client type
Legal entity
IP
Code
+44 (United Kingdom)
+971 (UAE)
+34 (Spain)
+39 (Italy)
+33 (France)
+380 (Ukraine)
+995 (Georgia)
+86 (China)
+49 (Germany)
+1 (Canada)
+1 (USA)
+32 (Belgium)
+7 (Russia)
+375 (Belarus)
+374 (Armenia)
Branch
"Old Yerevan" branch
"Hrazdan" branch
"Erebuni" branch
"Arabkir" branch
"Baghramyan" branch
"Centre" branch
"Malatia" branch
"Nor Nork" branch
"Shengavit" branch
“Vardanants” branch
Abovyan branch
IDBank Head Office
Gyumri branch
Davtashen branch
"Echmiadzin” branch
Vanadzor branch
Passport / International passport
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Public service number
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Other documents
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/THE BANK SUPERVISED BY THE CENTRAL BANK OF ARMENIA/
Information updated 30.08.2023 05:10
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