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TRANSFERS AND ACCOUNTS

Enters into force on 14․11․2022

TERMS AND TARIFFS

TERMS AND TARIFFS FOR OPENING AND MAINTENANCE OF CURRENT BANK ACCOUNTS 1

Customer

  • Resident and non-resident Individual over 14 years old 2   
  • Legal entity or individual entrepreneur

Opening and maintenance of a bank account

AMD/USD/ EUR/RUR               

no tariff applies   

Annual service fee

AMD/USD/ EUR/RUR            

no tariff applies

Delicate balance of the account

AMD/USD/ EUR/RUR           

does not apply  

CASH TRANSACTIONS 3

Depositing cash to the account in the branch cash desk

AMD/USD/

no tariff applies

EUR/RUR     

according to the rate established by the Bank for the given day

Cashing out of funds deposited in cash

AMD/USD/ EUR/RUR

no tariff applies    

Cashing of funds deposited in non-cash mode 4

AMD/RUR   

no tariff applies   

USD/ EUR

  • Up to 5,000 USD/EUR per day, no tariff is applied.
  • 3% in case of more money (minimum AMD 1000)

TRANSFERS

Intra-bank transfers from bank account 5

AMD/USD/ EUR/RUR

no tariff applies

Interbank transfers from a bank account in the territory of the Republic of Armenia or in cash from a non-account-holding client

AMD (including the state and local budgets of the Republic of Armenia)

no tariff applies

USD/ EUR

no tariff applies

Correction of inaccuracies in payment order data

no tariff applies

Issuance of statements at the bank branch

no tariff applies

Annual (simple) interest rate applied to daily account balance6

AMD

3% (in the case of legal entities։ 1%)

USD

0,5% (in the case of legal entities։ 0%)

EUR

0,1% (in the case of legal entities։ 0%)

RUR

0,5% (in the case of legal entities։ 0%)

Acquaintance

 

1 All rates include VAT

2 In case of applying to an individual aged 14 to 18, the consent of a parent or guardian is also necessary

3 The fee does not apply to the cashing of time deposits and loans invested in the Bank

4 Operations are carried out in the bank's branches from 22:00 to 09:00 with the following limits:

  • Interbank and intra-bank transfer (to another client) - up to 3 million AMD or equivalent foreign currency
  • Transfer to the state budget - up to 1 million AMD
  • Cash withdrawal from the account - up to 3 million AMD or equivalent foreign currency
  • Cancellation of deposit - 1 million AMD

5 If the currency of the transfer account is different, the conversion is carried out at the exchange rate set by the Bank

6 The interest is capitalized and paid every month until the 15th of the month following the given month.

TERMS AND TARIFFS

TERMS AND TARIFFS FOR OPENING AND MAINTENANCE OF CURRENT BANK ACCOUNTS 1

Customer

  • Resident and non-resident Individual over 14 years old 2   
  • Legal entity or individual entrepreneur

Opening and maintenance of a bank account

AMD/USD/ EUR/RUR               

no tariff applies   

Annual service fee

AMD/USD/ EUR/RUR            

no tariff applies

Delicate balance of the account

AMD/USD/ EUR/RUR           

does not apply  

CASH TRANSACTIONS 3

Depositing cash to the account in the branch cash desk

AMD/USD/

no tariff applies

EUR/RUR     

according to the rate established by the Bank for the given day

Cashing out of funds deposited in cash

AMD/USD/ EUR/RUR

no tariff applies    

Cashing of funds deposited in non-cash mode 4

AMD/RUR   

no tariff applies   

USD/ EUR

  • Up to 5,000 USD/EUR per day, no tariff is applied.
  • 3% in case of more money (minimum AMD 1000)

TRANSFERS

Intra-bank transfers from bank account 5

AMD/USD/ EUR/RUR

no tariff applies

Interbank transfers from a bank account in the territory of the Republic of Armenia or in cash from a non-account-holding client

AMD (including the state and local budgets of the Republic of Armenia)

no tariff applies

USD/ EUR

no tariff applies

Correction of inaccuracies in payment order data

no tariff applies

Issuance of statements at the bank branch

no tariff applies

Annual (simple) interest rate applied to daily account balance6

AMD

3% (in the case of legal entities։ 1%)

USD

0,5% (in the case of legal entities։ 0%)

EUR

0,1% (in the case of legal entities։ 0%)

RUR

0,5% (in the case of legal entities։ 0%)

Acquaintance

 

1 All rates include VAT

2 In case of applying to an individual aged 14 to 18, the consent of a parent or guardian is also necessary

3 The fee does not apply to the cashing of time deposits and loans invested in the Bank

4 Operations are carried out in the bank's branches from 22:00 to 09:00 with the following limits:

  • Interbank and intra-bank transfer (to another client) - up to 3 million AMD or equivalent foreign currency
  • Transfer to the state budget - up to 1 million AMD
  • Cash withdrawal from the account - up to 3 million AMD or equivalent foreign currency
  • Cancellation of deposit - 1 million AMD

5 If the currency of the transfer account is different, the conversion is carried out at the exchange rate set by the Bank

6 The interest is capitalized and paid every month until the 15th of the month following the given month.

*Translated documents with the terms and conditions will be available soon.

 

Documents

Bank account information summary - Individuals

General rules for opening and managing (maintenance) of bank and deposit accounts

List of documents - Individuals

List of documents - legal entity

NOTICE About the terms and conditions of the deposit refund guarantee

updated on 10/11/2022, 14։00

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32/6 G. Hovsepyan str., Nork-Marash,
Yerevan 0047, RA 


FAST BANK IS SUPERVISED BY THE
Central Bank of Armenia

© 2022 All rights reserved by Fast Bank

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WhatsApp։ (+374 43) 510 003

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