Your first step to taking advantage of ArmSwissBank services is to open an account with the Bank. This will give you an opportunity to choose a solution suiting your individual payment, investment and financing requirements.
ArmSwissBank offers the following types of accounts to Individuals:
Current Bank accounts enable you to make deposits, withdrawals, exchanges and transfers in AMD and main foreign currencies both in Armenia and abroad.
In case of deposits and withdrawals of funds on/from account in currencies other than the currency of the account current exchange rates defined by the Bank are applied to currency conversions.
Tariffs
General terms and conditions for the operation of customers bank accounts and other banking services
Account opening and maintenance procedure (In Armenian)
The calculation of interest rates against account balances is presented below.
Deposit interest rates
Information bulletin (in Armenian)
Banking deposit guarantee
The calculation of interest rates against account balances is presented below.
Deposit interest rates
Information bulletin (in Armenian)
Banking deposit guarantee
The calculation of interest amount against your deposit or account balance is based on nominal interest rate. The effective annual interest rate shows how much income you will make, if you reinvest the received interest amounts on your deposits. You can find the calculation procedure of the effective annual interest rate at
http://armswissbank.am/uploadfiles/APY 8.02.pdf (In Armenian) *
http://armswissbank.am/uploadfiles/APY 8.02.pdf (In Armenian) *
*The Bank is not responsible for the content of external websites and activities (inactivity) based on such content.
Custody Accounts: Acting as customer’s custodian the Bank organizes registration, protection and accounting of the customer’s securities and the customer’s rights thereon in special custody accounts opened in the bank.
Tariffs of custody account services.
Conditions for operating of bank and custody Accounts as well as provision of other banking services (In Armenian)
ArmSwissBank provides banking services based on the "General terms and conditions for the operation of customers bank accounts and other banking services”, which contains information about the possible negative consequences for the customers that can result from delayed performance of obligations or as a result of execution (non-execution) of specific actions.
In order to open an account with ArmSwissBank the following documents are required:- application*,
- ID or passport*,
- Social security card (if available )*,
- Card of specimen signature of the account holder (signed in the presence of the Bank’s representative or certified by the notary),
- Properly formed and ratified power of attorney (in the case of delegated authority).
* The original copies of the documents should be presented (to be returned after photocopy) or certified/apostil led copies.
* Supplementary application form must be filled up in order to open a custody accounts.
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.
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.
* In case of discrepancies between the published Armenian and other language information, the Armenian information prevails.
Updated 25.11.2011 11:05