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Tariffs and Terms

 

Tariffs and Terms

The following amendments have been made.

  • The Internet Bank service fee has changed to AMD 0 for corporate and retail customers.
  • The fee to be charged from the customer’s account for execution of no transaction on savings/current account for 2 years and longer has been changed to AMD 5,000 monthly. Furthermore:
    The fee is not applied:
    - if any transaction has been made on any (including demand) account of the customer in the recent 2 years, except the Bank’s charges, deposit redemption and interest accrual;
    - if the customer has a current deposit, bonds or any financing with the Bank;
    - to the blocked accounts of the customer;
    - to the accounts of customers under the legally defined bankruptcy/liquidation process

Once the balance on the savings/current account becomes equal to or smaller than AMD 5,000 or equivalent FX, the account is closed by default after charging the fee (or without charging if the balance is 0).

  • The fees for filing a payment order at the Bank have changed.

1.     

Transfers to other RA banks1

 

1.1.

For accountholder customers

 

a.

Filing a payment order at the Bank

500 AMD

c.

Express transfers

0.1%, AMD 1,000 min

1.2.

For non-accountholder customers 2

0.1%, AMD 1,000 min

2.     

Transfers to treasury accounts (RA national or community budget), other than property tax, land tax and garbage collection fees1

 

2.1.

For accountholder customers

 

a.

Filing a payment order at the Bank

100 AMD

2.1.1.

For non-accountholder customers2

100 AMD for up to 50,000 AMD
200 AMD for 50,001-100,000 AMD 0.1%,
300 AMD min for 100,001 AMD and above

2.2.

Transfers other than by payment orders filed with the Bank physically and remotely1

 

a.

Transfers to Central Depository of Armenia or Insurance Foundation for Servicemen

0 AMD

b.

Transfers for repayment of liabilities to other financial institutions or for acquisition of property by customers having loans from the Bank and having used the loan for that purpose

0 AMD

c.

Transfers from special social package account or honorarium account

0 AMD

d.

Transfers of accountholder customers that cannot be made through remote systems of the Bank

0 AMD

1AMD transfers are made in the same banking day only if the payment order is submitted through AS Bank-Internet, Converse Mobile or AS Bank-Client before 15:00, or if the paper-form payment order is filed before 14:00. The payment orders filed after the aforementioned hours will be performed on the following banking day. Express transfers can be effected in the same banking day only if the payment order is filed before 15:00 and if the respective fee is charged.

The Bank can decline Express transfer of AMD 50 M and above. The Express transfers to the RA national budget submitted on the final day of the month are effected with no charge.

FX transfers are made in the following manner.

- Upon filing of payment orders in USD and EUR before 15:00, the transfers are effected in the same banking day, and in the next banking day if filed after that. Express transfers can be effected in the same banking day if the payment orders are filed before 17:00, subject to charge of the respective fees.

- Upon filing of payment orders in RUB before 12:00, the transfers are effected in the same banking day, and in the next banking day if filed after that. Express transfers can be effected in the same banking day if the payment orders are filed before 14:00, subject to the charge of the respective fee.

- Transfers in other currencies are effected in 3 banking days.
2Transfers of non-accountholder customers are effected only on the next banking day.

  • The transfer in FX is credited to the customer’s account based on the daily quotation.
  • The Escrow service fee has been revised as follows:
    AMD 15,000 for transaction to the amount of up to AMD 30 M, and 0.1% for transaction above AMD 30 M
     
  • The transfer fees for credit cards with grace period have been changed:

• Card to card, card account to other account transfer: 2%
• Encashment fee for cash withdrawal at cash-out points and ATMs of the Bank: 2%
• Encashment fee for cash withdrawal at cash-out points and ATMs of other RA banks: 2.5%

The revised tariffs relating to this paragraph cover the newly issued and re-issued credit cards, and the existing credit cards if the credit limit is increased.

  • Encashment fee for digitized VISA and MASTERCARD cards of the Bank: 

     

    1. 

    Cash withdrawal at ATMs of the Bank

    For credit cards with grace period

    2%

    For debit cards, and credit cards without grace period, including with decreasing limit

    1%

    2. 

    Cash withdrawal at ATMs of RA banks

    For credit cards with grace period

    2.5%

    For debit cards, and credit cards without grace period, including with decreasing limit

    1.5%

    3.   

    Cash withdrawal at ATMs and cash-out points in foreign countries

    For credit cards with grace period

    2.5%, AMD 2.500 min

    For debit cards, and credit cards without grace period, including with decreasing limit

    2%, AMD 2.500 min