Tariffs
TARIFF
AMD
Account currency
AMD, USD, EUR, RUB, as well as other currencies acceptable to the Bank, by reference
Account opening: Current account for physical entities In branches of the Bank and in the case of opening accounts of remote authenticated customers
Free
Account opening: In case of non-resident customers of the Republic of Armenia in case of opening an account in the Bank branches or opening accounts of customers (including savings accounts) that have undergone remote identification
In case of the first account - 10 000 AMD, the next accounts according to point 1.2.1.1
Account opening: Current account for physical entities In case of online opening (through Idram&IDBank and idbanking.am platforms)
free of charge
Account opening: Current account for physical entities Account for regular payment
free of charge
Annual/monthly account service fee (including saving accounts): For RA resident physical entities
free of charge
Annual/monthly account service fee (including saving accounts): For non-resident physical entities
AMD 1,000 monthly or AMD 12,000 yearly
Annual/monthly account service fee (including saving accounts):Annual commission fee applicable to an inactive account in case of non-implementation of any transaction on all accounts of the customer in the bank within one year (hereinafter - inactive accounts)
AMD 5,000
Account closing:
free of charge
Non-decreasing account balance:
Not specified
Cash deposit to accounts: For currency in cash accepted and quoted by the Bank
Cash deposit to accounts: Cash deposit to the account with a nominal value of 500 euros
Cash deposit to accounts: Cash deposit of up to 50,000 AMD
Cash deposit to accounts: Cash deposit of more than 50,000 AMD
Deposit and/or conversion of 5, 10, 20, 50 USD banknotes of 1996-2003 issue (inclusive) and 100 USD banknotes of 1996-2006 issue (inclusive)
Account replenishment via ADFT
In accordance with the tariffs established by the partner payment and settlement company
Cash withdrawal/provision from the account:Within the limits of the amount deposited in cash and non-cash to the Client's accounts and the Bank's transit accounts, in AMD or in a foreign currency accepted in cash and quoted by the Bank
Cash withdrawal/provision from the account: Commission fee for cash withdrawal from the Bank’s ATMs using cards of foreign banks
1.5%, minimum AMD 1,500
Cash withdrawal/provision from the account: Commission fee for cash withdrawal from the Bank’s cash disbursement points (POS terminal) using cards of foreign banks
2%
From account opened for regular payment
free of charge
Provision of electronic statements and payment documents
free of charge
Provision of statements (per 1 account): for statements prescribed by RA legislation (provided at least once every 30 days)
free of charge
Provision of statements (per 1 account): In case of statements provided for a term of up to 1 year (inclusive)
1,000
Provision of statements (per 1 account): More than once – for statements provided for a term of more than 1 year
2,000
Provision of documents and agreements (per 1 document):For each transaction at the time of concluding the transaction
free of charge
Provision of documents and agreements (per 1 document):Provision of the signed version of contracts received via email
2,000-5,000
Provision of documents and agreements (per 1 document):For documents provided for a term of up to 1 year (inclusive)
2000
Provision of documents and agreements (per 1 document):For documents provided for a term longer than 1 year
5,000
Issuing of certificates regarding the existence of AMD and/or foreign currency accounts, account balances and transactions, as well as the existence and/or absence of liabilities, upon the application of the Client (including persons who are not clients of the Bank: In Armenian at the Bank's branches
Once a year free of charge: thereafter — AMD 3,000
Issuing of certificates regarding the existence of AMD and/or foreign currency accounts, account balances and transactions, as well as the existence and/or absence of liabilities, upon the application of the Client (including persons who are not clients of the Bank: In Armenian to the email address registered with the Bank
free of charge
Issuing of certificates regarding the existence of AMD and/or foreign currency accounts, account balances and transactions, as well as the existence and/or absence of liabilities, upon the application of the Client (including persons who are not clients of the Bank: Bilingual (e.g. Armenian – Russian or Armenian – English)
5,000
Issuing of certificates regarding the existence of AMD and/or foreign currency accounts, account balances and transactions, as well as the existence and/or absence of liabilities, upon the application of the Client (including persons who are not clients of the Bank: On liabilities
1,000
Issuing of references (including the provision of references to non-account holders)
5,000
If ordering through www.idbank.am
for reference and statments, a 20% discount to the rate applies.
Preparation of audit inquiry responses
10,000
Annual interest rate for current bank accounts
0% (annual percentage yield equals to 0%)
Issuance of power of attorney by the bank
3,000
TARIFF
AMD
Transfers on the RA territory through bank account: Transfers (through IDBank system) between the clients of “ID Bank” CJSC in AMD and other currency
Free of charge
Transfers on the RA territory through bank account: Transfers to other Banks of RA and the state budget of RA in AMD
AMD 500 – when implemented on the premises of the branch, free of charge – when using online platforms
Transfers on the RA territory through bank account: Urgent transfers in AMD on the RA territory through bank account to other banks
0.1%,Minimum 500, maximum 10,000
Transfers on the RA territory through bank account: Transfers to other banks of RA in USD and Euro In case of submitting the payment order on paper
0.12%, minimum 2,000, maximum 20,000
Transfers on the RA territory through bank account: Transfers to other banks of RA in USD and Euro In case of submitting the payment order via Bank-Client/IDBANKING system
0.1%, minimum 1,500, maximum 20,000
Transfers on the RA territory through bank account: Transfers to other banks of RA in USD and Euro Transfer to cards of other RA Banks by the Bank's synchronized customers via IDBanking.am and Idram&IDBank platforms
1%
Transfers in AMD on the RA territory without a bank account
1,500
Transfers in AMD, USD, euro to the National Foundation for Servicemen Insurance
Free of charge – when using online platforms
Transfers in foreign currency, Transfers through bank account(USD, Euro): OUR variant: The transaction costs are borne by the client making the transfer
0.15%, Minimum 12,000, maximum 60,000
Transfers in foreign currency, Transfers through bank account(USD, Euro): OUR variant (online): The transaction costs are borne by the client making the transfer
0.15%, Minimum 10,000, maximum 50,000
Transfers in foreign currency, Transfers through bank account (USD, Euro): OUR variant for non-resident physical entities: The transaction costs are borne by the client making the transfer
1%, Minimum 30,000
Transfers in foreign currency, Transfers through bank account (USD, Euro): OUR variant (online) for non-resident physical entities: The transaction costs are borne by the client making the transfer
1%, Minimum 30,000
Transfers in foreign currency, Transfers through bank account(USD, Euro): BEN/SHA variant. Transaction costs of third banks are charged from the money transferred
5,000
Transfers in foreign currency, Transfers through bank account(Rubles, lari): Performed only with OUR variant, moreover, the beneficiary will receive the whole amount
0.12%, Minimum 5,000, maximum 35,000
Transfers in foreign currency, Transfers through bank account(Rubles, lari): Performed only with OUR variant (online), moreover, the beneficiary will receive the whole amount
0.10%, Minimum 4,000, maximum 30,000
Transfers in foreign currency, Transfers through bank account(Rubles, lari): Performed only with OUR variant for non-resident physical entities, moreover, the money will reach the beneficiary in full
1%, Minimum 30,000
Transfers in foreign currency, Transfers through bank account (Rubles, lari): Performed only with OUR variant (online) for non-resident physical entities, moreover, the money will reach the beneficiary in full
1%, Minimum 30,000
Transfers in foreign currency, Transfers through bank account (In other currencies acceptable for the Bank): OUR variant (online). The transaction costs are borne by the client making the transfer
0.15%, Minimum 14,000, maximum 60,000
Transfers in foreign currency, Transfers through bank account (In other currencies acceptable for the Bank): OUR variant for non-resident physical entities /the transaction costs are borne by the client making the transfer/
1%, Minimum 30,000
Transfers in foreign currency, Transfers through bank account (In other currencies acceptable for the Bank): OUR variant(online) for non-resident physical entities /the transaction costs are borne by the client making the transfer/
1%, Minimum 30,000
Execution of the customer's instruction for recalling a payment order, adjusting a transaction, or amending payment terms and conditions, as well as processing inquiries In AMD
3,000
Execution of the customer's instruction for recalling a payment order, adjusting a transaction, or amending payment terms and conditions, as well as processing inquiries In rubles, lari
10,000
Execution of the customer's instruction for recalling a payment order, adjusting a transaction, or amending payment terms and conditions, as well as processing inquiries(In other currency): In case of up to 1-year old payment orders
30,000
Execution of the customer's instruction for recalling a payment order, adjusting a transaction, or amending payment terms and conditions, as well as processing 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 and currency
Free of charge
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
Acceptance (AMD)
Execution (AMD)
Before 15:30
Same banking day
After 15:30
Next banking day
Acceptance(USD, EUR, RUB)
Execution (USD, EUR, RUB)
Before 16:00
Same banking day
After 16:00
Next banking day
TARIFF
AMD
Purchase and sale, exchange of foreign currency in cash: In case of banknotes fit for circulation
According to exchange rate defined by the Bank for quoted foreign currencies in cash as of the given day
Purchase and sale, exchange of foreign currency in cash: Purchase or input of a banknote with a nominal value of 500 euros
Purchase and sale, exchange of foreign currency in cash: In case of worn-out USD, EUR, RUB banknotes
3%
Conversion of 5, 10, 20, 50 USD banknotes of 1996-2003 issue (inclusive) and 100 USD banknotes of 1996-2006 issue (inclusive)
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 accepted in cash and 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 acceptable for the Bank
0.1%, minimum 1,000, maximum 100,000
AMD coins calculation, provision, exchange, packaging: Up to 50 of each coin
free of charge
AMD coins calculation, provision, exchange, packaging: For individuals not being clients of the Bank - over 50 of each coin
3% of the amount, minimum 1,000 AMD
AMD coins calculation, provision, exchange, packaging: For individuals being clients of the Bank - over 50 of each coin
1% of the amount, minimum 1,000 AMD
Cash withdrawal through the Bank’s POS-terminals with cards issued outside the RA territory
TARIFF
AMD
Intrabank conversions
According to the exchange rate specified in the agreement or published for the respective day.
TARIFF
AMD
Connection to IDBANKING system
free of charge
Provision of authority to make transactions
free of charge
TARIFF
AMD
Size (cm)
8.5x30x50
Up to 7 days (per day)
1,000
7 days
5,000
8 -14 days
7,000
15 – 30 days
10,000
31 – 90 days
15,000
91 – 180 days
20,000
181 – 270 days
25,000
271 – 365 days
30,000
366 – 456 days
35,000
457 – 730 days
50,000
Size (cm)
17x30x50
Up to 7 days (per day)
1,500
7 days
7,000
8 -14 days
10,000
15 – 30 days
15,000
31 – 90 days
20,000
91 – 180 days
30,000
181 – 270 days
35,000
271 – 365 days
40,000
366 – 456 days
45,000
457 – 730 days
55,000
Size (cm)
17x61x50
Up to 7 days (per day)
2,000
7 days
10,000
8 -14 days
13,000
15 – 30 days
20,000
31 – 90 days
30,000
91 – 180 days
35,000
181 – 270 days
40,000
271 – 365 days
50,000
366 – 456 days
50,000
457 – 730 days
60,000
Penalty in case of damage to the depository, deposit box, lock or seal, loss of key and provision of a copy
5,000 AMD per each case
Penalty in case of failure to free the deposit box and hand in the key
1,000 per day
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 (except for gold pledged loan borrowers)
10,000
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 (including the balance of obligations secured by the collateral subject)
10,000 in case of real estate property. 5,000 in case of moveable property
Revision of loan conditions
5,000
Correction/adjustment of the loan repayment operation (re-execution of the loan principal and/or interest repayment operation)
5,000
Remote identification fee for non-resident individuals
25,000
Sale of a gold bullion box
5,000
1
A certificate confirming whether or not the consumer holds bank account(s) shall be issued upon the consumer’s written request, following verification and identification of the consumer in accordance with the procedure established by the Bank.
2
The certificate is provided electronically free of charge.
3
During a calendar year, upon the consumer’s request, the certificate shall be provided in hard copy free of charge once at any branch of the Bank. For any subsequent requests, a fee shall be charged in accordance with the Bank’s applicable tariff schedule.
4
In the case of electronic applications, the certificate shall be sent to the email address registered with the Bank for the Bank’s customers. For persons who are not Bank customers, the certificate shall be sent to the email address specified in the application, provided that the application is submitted with a valid electronic signature.
5
The certificate shall be issued within five business days following the date of receipt of the application and, at the consumer’s request, may also include information on the account balance, as well as the mutual obligations of the Bank and the consumer.
6
A certificate may be issued to an authorized representative upon their appearance at the Bank and presentation of the original power of attorney meeting the Bank’s requirements.
7
Applications that do not comply with the requirements set forth herein shall not be considered by the Bank.
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)
Information bulletin of tariffs of bank accounts, transfers and other services provided by “ID Bank” CJSC for physical entities 
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