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All types of charges are debited / paid in AMD. As a rule, all charges will be debited / paid from the metal account. The bank reserves the right to conduct a unallocated gold exchange transaction for the amount to be charged in AMD. Unallocated gold exchange transaction will be conducted at the Central Bank of Armenia (CBA) gold accounting rate, unless it is specified otherwise in this Tariff of Charges.
- Account opening fee - Free
Monthly maintenance fee1
Monthly maintenance fee will be applied to AMD equivalent of the average daily balance2 of unallocated gold account as follows:
| AMD equivalent of average daily balance of unallocated gold metal account | Monthly Maintenance Fee |
| Below or equal to 6,500,000 | 0.08% |
| 6,500,001-65,000,000 | 0.04% |
| Above 65,000,000 | 0.01% |
Monthly maintenance fee will be applied irrespective of the fact whether the customer uses the account or not.
- Minimum deposit / transaction with the account - 1 troy ounce
- 1 troy ounce equals to 31.10348 grams
Transfers
Transfer from account1
- for account holders - 0.1%
- for non account holders - 1%
Other Conditions
- Transfers between accounts held at the Bank - Free
- Amendment to payment instruction – AMD 20,000
- Cancellation of payment instruction – AMD 20,000
- Credit of inward remittance amounts to account – AMD 6,000
Important notes
- Minimum commission for any outward remittance – AMD 6,000
- The bank is not liable for any refund if payment has already been effected to the beneficiary
- Additional commission for Intermediary/beneficiary bank charges made at the expense of remitter – AMD 10,0003
Account Statements/Other Documentation Delivery
By courier (within Armenia)
- Monthly - Free
By courier (outside Armenia)
- Monthly (charged monthly) – AMD 25,0001*
By e-mail
- Monthly, weekly, daily - Free
Collection from branches
- Monthly, weekly, daily - Free
Other Services
- Power of attorney issuance and appropriate update of account information – AMD 5,000
- Advices confirming bank account/balance4 - AMD 5,000*
- For each copy of account statement/transaction advice (if earlier than 6 months) – AMD 3,000*
- For transaction history advice of each month (if earlier than 6 months) – AMD 3,000*
1 Exchange transactions will be conducted at the Bank’s unallocated gold buy exchange rate.
2 AMD equivalent of the average daily balance of unallocated gold account is calculated based on the daily gold accounting rate announced by the Central Bank of Armenia.
3 If the actual charge amount is above equivalent of AMD 20,000 the difference between already paid commission and actual charge is subject to further debiting from remitter's account.
4 Balance confirmations will be presented as at the end of previous banking day.
* Inclusive of VAT
