Increase in savings due to increase in gold price in the international market
Insure your funds against the risk of currency exchange rate fluctuations
High level of liquidity
Metal bills can be pledged
Important to know
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◾ The rights of an account holder to manage their account and the funds therein may be restricted based on a request submitted by enforcement authorities or tax authorities responsible for the execution of judicial acts.
◾ The seizure of funds from an account without the account holder's instruction may be carried out based on a court decision, upon a request submitted by enforcement authorities responsible for the execution of judicial acts, and in accordance with the procedure for notifying the account holder.
FAQ
Are the funds in the account reimbursed by the Deposit Guarantee Fund?
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No, they are not reimbursed.
What transactions can be made with a bare metal account?
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Replenishment of the metal account, withdrawals, within the Bank (intrabank transfers) between the client's metal accounts and interbank transfer outside the territory of the Republic of Armenia
Is it possible to withdraw/input metals in physical/cash form?
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No, the account is not intended for cash transactions.