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The daily average balance threshold of a current account refers to the accounts in all currencies separately. However, the customer can ensure the requirement of the threshold for all current accounts on at least one current or deposit account.
Current account service commission fee (irrespective of the number of accounts)
Current account service commission fee is charged from the customer’s account on the last banking day of each month.
The current account service fee is not charged if:
• The customer has a foreign currency card and only a current account opened for that card
• The customer has a "Installment Loan Here and Now " product, a foreign currency card and a current account opened only for that card
The following transactions may be performed via current account:
The commission fee for the service of a current account shall be collected from the customer’s account on the last banking day of each month. The commission fee shall be collected from the customer’s account in AMD. In case of no availability of an account in AMD, the commission fee shall be collected from the customer’s account in foreign currency, and the currency exchange shall be performed at the average exchange rate of the foreign currency, specified by the Central Bank of Armenia. The calculation shall be performed for the months, preceding the opening and closing of the account. The current account agreement shall be signed for an
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In Acba bank, the compensation of bank deposits of individuals is guaranteed by the Deposit Guarantee Fund in the amount of deposits subject to compensation, in particular: |
Deposit currency structure
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Deposit only in AMD in the same bank
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Deposit only in FX in the same bank |
Deposit both in AMD and FX in the same bank |
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Deposit in AMD larger than 7 mln AMD |
Deposit in AMD less than 7 mln AMD | |||
Maximum size of deposit guarantee |
AMD 16 mln |
AMD 7mln |
Up to 16 mln AMD (only deposit in AMD is guaranteed) |
Deposit in AMD is guaranteed in full and deposit in FX – in the size of the difference between 7 mln AMD and deposit in AMD, subject to compensation |
The Bank may request additional documents or other information from the customer on the basis of the principle of "Know Your Customer" for the proper study of the customer, defined by the RA Law on Combating Money Laundering and Terrorist Financing, as well as additional information during verbal communication, ask additional questions to the customer.
According to the agreement with the United States on the basis of the Foreign Account Tax Compliance Act (FATCA), the financial organization may collect additional information to find out if you are a US taxpayer.
The customer may deposit and withdraw funds from their account every working day during the Bank's operating hours. In case of cash inflows and outflows in currencies other than the account currency, the exchange rates set by the Bank shall be used for conversion.
The Bank is obliged to deposit the funds received to the customer's account no later than the day, following the processing of the payment document in the Bank, unless a shorter period is provided by law or the bank’s account agreement.
Under this clause, in case of suspension of the Account Agreement, the Bank suspends the customer's Account service until the circumstances of the suspension are eliminated, and in case of termination of the Account Agreement, the Bank closes the Customer's Account.
On the same day of receiving the customer's application, the Bank is obliged to close the Customer's Account, except for the following cases:
Tariffs for statement provision
Financial assistant
ATTENTION: "YOUR FINANCIAL DIRECTORY" IS THE ELECTRONIC SYSTEM FOR SEARCH, COMPARISON OF SERVICES, OFFERED TO INDIVIDUALS, AND MAKING THE SELECTION OF THE MOST EFFICIENT OPTIONS FOR YOU EASIER.