Additional services
Intangible metal accounts

Intangible metal accounts

Register your non-cash gold with IDBank

Annual service fee
1000 ֏
Account opening
Free
Gold grade
999․9

General

General
Tariffs
Documents
FAQ
Intangible metal accounts

Intangible metal accounts

Register your non-cash gold in IDBank. Intangible metal accounts are opened for both individuals and legal entities/private entrepreneurs.
The basis for the registration of gold is the grade and weight of gold. Non-cash gold registered in intangible metal accounts is measured in grams. Metal accounts for gold can be opened only for 999.9 grade gold.

Advantages

Free opening
And annual service at 1000 AMD only
Free statement
Account statement is provided for free
Intrabank transfers
Free from account

Special offer

"Use the IDgold package of services for borrowers of gold-secured loans. The package includes favorable terms for the loan, Premium class debit card with 50% discount, Rocket Line digital limit and a bank account with preferential terms."

Intangible metal accounts - Special offers
Client group
Physical and legal entity/PE clients
Account opening
Free of charge
Account reopening
Free of charge
"Account annual service fee
1,000 AMD"
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. Through purchase of paper gold from the Bank and depositing it into a metal account. Through transfer of paper gold from an account of the client or other entity with the Bank or other bank. Account withdrawal. Through selling the paper gold available on the account to the Bank. Through transfer of paper gold to an account of the client or other entity with the Bank or other bank
Annual nominal interest rate
0% (annual percentage yield equals to 0%)
Intrabank transfers from the account
Free of charge
"Interbank transfers from the account
0.3% min 28,000 AMD (for each deposit and withdrawal). Prior to making interbank transfers from the account, it must be agreed with the Bank in advance by presenting the requisites of the receiving party. The Bank is entitled to reject the transfer request if the mentioned transfer is impossible to fulfil through a correspondent bank. "
Required documents
147.88 KB
Metal accounts are not reimbursed by the Deposit Guarantee Fund.
Metal accounts for gold can be opened with only gold of 999.9 fineness.
Metal accounts are intended for paper gold and do not imply depositing and debiting of cash gold.
The following transactions can be performed through metal accounts:
- account replenishment by means of buying paper gold from the Bank and depositing it to the metal account, non-cash transfer of gold from the Client's or other entity's metal account in the Bank or other banks,
- account withdrawal by means of selling the paper gold available on the metal account to the Bank or non-cash transfer of gold to the Client's or other entity's metal account in the Bank or other banks.
Metal accounts can be opened for physical entities, as well as legal entities and private entrepreneurs.
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/THE BANK CONTROLLED BY THE CENTRAL BANK OF ARMENIA/
Information updated 31.10.2021 12:48
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