Bank account

Information on bank accounts
AMIO BANKopens and maintains accounts both in local and foreign currencies. As part of cash management services, the Bank offers a wide range of services for transactions conducted through bank accounts, namely cash crediting and debiting, cashless currency conversions, transfers of funds from account within Armenia and abroad.
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List of documents to open a bank or unallocated metal account for RA resident individuals who are RA citizens:

  • Application-agreement to open an account
  • Identity document
  • Public service number (social card) or certificate of absence thereof (not required if an ID card is presented)
  • “Know Your Customer” questionnaire for residents (KYC)
The calculation of interest on funds available on your account is made ​​on the basis of the nominal interest rate. The annual percentage yield (APY) measures the amount you may gain by compounding interests you have earned from your deposit. In order to get acquainted with the manner of calculating annual percentage yield, please refer to information bulletin on demand deposits.

Updated 10.08.2023 16:14