Accounts

• Corporate clients

Your first step for taking advantage of ARMSWISSBANK's services is opening an account with the Bank, which will give you an opportunity to choose a solution suiting your individual requirements regarding payments, investments and financing.

Legal persons can open the following types of accounts in ARMSWISSBANK:

Banking accounts in AMD, USD, EUR, GBP, CHF, RUB that will allow you making deposits/withdrawals, exchange and transfer operations both in Armenia and abroad. Bank accounts give you access to the wide range of traditional banking services and investment solutions provided by the Bank.

In case of inflowing or outflowing funds on the account are in a currency that is different from the account currency, transactions are conducted with exchange rates defined daily by the Bank.

Tarifs

Terms and conditions for opening and operating bank accounts

Procedure on customer account opening and service (in Armenian)

You can see the principles of interest payment and size below

Deposit rates

Information bulletin (in Armenian)

Interest payments are calculated on Your deposited funds based on nominal interest rate. Annual interest yield shows how much profit You would receive if You reinvested interest payments into new deposits. You can find the principles and examples  of annual interest rate payment in the following address http://armswissbank.am/uploadfiles/APY 8.02.pdf (in Armenian).

Depo accounts

Providing custody services to the clients the Bank registers, records and maintains securities owned by the client and rights thereon in special depo accounts opened with the Bank.

Terms

"ARMSWISSBANK" CJSC provides services according to the "Main conditions on serving clients' bank accounts and providing other service" where information is also present on the possible negative consequences that may arise in case of unduly fulfillment of its obligations or performance(non performance) of some actions by the client.

To open an account with  "ARMSWISSBANK" CJSC legal persons need the following documents:

• Application
• Charter
• State Register Certificate (license, if applicable)
• Card (ratified by tax body of the region where the legal entity is registered) of stamp and specimen signature of the legal entity executive managers, chief accountant and, if applicable, of the person authorized to conclude financial deals with the Bank
• Orders or decisions on appointment of executive staff *
• Copy of tax code*
• ID or passport of executives*
• Properly formed and ratified power of attorney (in case of delegated authority)
• Other documents

*The original copies of the documents should be presented (to be returned after photocopy) or certified/apostilled copies

*To open custody accounts an additional application is necessary.

The rights of the account holder to dispose the account balances can be restricted by the court ruling based on the application of the authorities performing forced juridical acts or tax authorities. The account holder is notified about the restriction after sequestration of means by the bank.The exaction of means from an account can be done without any instructions of account holder based on the application of the authorities performing forced juridical acts or tax authorities. The account holder is notified about the exaction after it has been executed by the bank.

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