Special Accounts
We offer to open special accounts to resident and non-resident legal entities and sole proprietors
Service rates and terms for developer-specific accounts
| Principal tariffs | AMD | ||
| Opening of account (AMD) | 0 | ||
| Minimum account balance | 0 | ||
| Annual account maintenance fee (AMD) | 0 | ||
| Annual interest rate accrued on total daily balance of account or accounts 1 | Contractual | ||
| Interest payment frequency 2 | Quarterly | ||
| Additional tariffs | SMS notification on account activity and balance (AMD for each text message) | ||
| Issuance of special account statement (AMD) | Bank account tariffs for legal person and individual entrepreneur clients shall apply | ||
| Issuance of information statements (AMD) | |||
| Account closure fee |
1 The Bank shall be entitled to transfer the annual interest accrued on total daily balance of the account or the accounts to another bank account of the developer.
2 Interest rates accrued on the bank account balance of non-resident legal persons shall include the profit tax rate for non-residents (in cases prescribed by the legislation of the Republic of Armenia).
3 The tariffs shall include the value added tax (VAT).
* Receipts and expenditures of the principal special account shall be implemented in AMD only.
The Bank shall open developer’s special accounts for resident and non-resident legal persons and individual entrepreneurs having a construction permit in the Republic of Armenia and having ownership right to a land plot intended for construction.
The Bank shall open developer’s special account within maximum 2 banking days upon receiving all necessary documents according to document list.
The Bank shall accept application-agreements on opening developer’s special account, shall open and manage developer’s special accounts in the Bank branch network and at the head office.
The Bank may open more than one developer’s special account for each developer in AMD only.