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Free account opening (including through the Acba Digital system)*
Earn interest on the account balance
Full control over the account funds
Unlimited account replenishment
Use of account funds without losing accrued interest
Ability to perform transactions through the account
*Note: Non-resident individual clients are charged a one-time service fee of AMD 15,000 for opening their first bank account (savings, current, card, or deposit account), except in cases where the account is opened to purchase or subscribe to the Bank's ordinary shares or for receiving a salary through Acba bank.
avings accounts are available in AMD, USD, and EUR.
The Bank pays interest on the account balance under the following terms:
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Currency |
Annual Nominal Interest Rate |
Annual Percentage Yield* |
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AMD |
4% |
4.07% |
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USD |
0.5% |
0.5% |
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EUR |
0.2% |
0.2% |
Interest is paid only for the days when the account balance is equal to or greater than AMD 200,000 / USD 500 / EUR 500.
Interest accrual occurs daily, provided that the minimum balance required for the interest rate application is maintained.
Interest payments are made monthly, on the first working day of the month following the reporting month.
In the event of account closure, the interest accrued during the calendar month will not be paid.
The savings account is serviced free of charge if:
The minimum average daily balance threshold is maintained according to the conditions below*:
GPMC members: AMD 5,000 or equivalent foreign currency
Residents: AMD 20,000 or equivalent foreign currency
Non-residents: AMD 50,000 or equivalent foreign currency
*The minimum average daily balance threshold applies separately to accounts in each currency. However, the client may meet the threshold requirement across all accounts by maintaining the minimum balance in at least one current, savings, or deposit account.
If the above conditions are not met, the service fee for the savings account will be AMD 300 (monthly).
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Deposit Amount (AMD) |
Monthly Contribution Amount (AMD)** |
The Amount You Will Have After Taxation* |
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after 181 days |
after 364 days |
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1,000,000 |
20,000 |
1,118,750 |
1,259,866 |
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5,000,000 |
50,000 |
5,341,504 |
5,739,419 |
* In the presented calculation, the amount is deposited into the Savings Account on 02.12.2024, and no withdrawals are made from the account during the calculation period.
With a savings account, the following transactions can be performed:
Deposit funds into the opened account*,
Make transfers from the account,
Withdraw money from the account,
Convert the account balance into foreign currency,
And more
* Except for banknotes with a nominal value of 500 euros.
The savings account (including through the Acba Digital service) is reopened free of charge.
In the event of account closure, the previously calculated service fee will not be charged.
Once the negative balance of the savings account service fee reaches 600 AMD, the account's service debt is automatically frozen, and further service fees for subsequent months will cease.
The savings account service fee is charged from the client's account on the last banking day of each month.
The fee is charged from the client's AMD account. If this account is unavailable, the fee is charged from the client's foreign currency account, and the currency conversion is made based on the average exchange rate published by the Central Bank of Armenia for that day.
The calculation is made for the months prior to the account opening and account closure.
The savings account agreement is concluded for an indefinite period.
In Acba Bank, the reimbursement of individual banking deposits is guaranteed by the "Deposit Guarantee Fund" in accordance with the amounts of deposits subject to reimbursement, specifically:
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Currency Structure of the Deposit |
If you have only AMD deposit in the same bank |
If you have only a foreign currency deposit in the same bank |
If you have both AMD and foreign currency deposits in the same bank |
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If the AMD deposit exceeds AMD 7 million |
If the AMD deposit is less than AMD 7 million |
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The maximum amount of deposit guarantee |
AMD 16 million |
AMD 7 million |
Up to AMD 16 million (only the AMD deposit is guaranteed). |
The AMD deposit is fully guaranteed, and the foreign currency deposit is guaranteed up to the difference between AMD 7 million and the reimbursed AMD deposit. |
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List of required documents for opening accounts at Acba bank:
Procedure for opening and closing Bank (Current) accounts
Details of account service fees: Find more information here:
Savings Account Information Summary
In accordance with the RA Law on "Combating Money Laundering and Terrorism Financing," the Bank may request additional documents or information from the customer based on the "Know Your Customer" (KYC) principle for proper due diligence. Additionally, the Bank may ask the customer further questions during verbal communication.
Under the Foreign Account Tax Compliance Act (FATCA) and the agreement with the U.S., the financial institution may collect additional information to determine if you qualify as a U.S. taxpayer.
Customers can deposit and withdraw funds to/from their account on any business day during the Bank's operational hours. For deposits and withdrawals in currencies different from the account currency, the exchange rates set by the Bank are applied.
The Bank is obligated to credit the funds received to the customer's account no later than the next day following the submission of the corresponding payment document to the Bank, unless a shorter period is stipulated by law or the bank account agreement.
The Bank is obligated to disburse or transfer funds from the customer's account upon their instruction no later than the next day following the submission of the corresponding payment document to the Bank, unless other timeframes are specified by law, applicable banking regulations, or the bank account agreement.
Interest accrued on accounts opened in foreign currency is paid in Armenian drams at the average exchange rate published by the Central Bank of Armenia on the given day. At the customer's request, the interest can be paid in the account's currency.
The Bank reserves the right to unilaterally change the interest rates for funds held in the account. If otherwise specified, a notice will be provided regarding such changes.
The Bank cannot unilaterally reduce the interest rates stipulated in the agreement for accounts with funds deposited under conditions of withdrawal after a certain period or upon specified circumstances unless otherwise stated in the agreement, in which case a notice is provided.
The rights of the account holder to manage the account and the funds within it may be restricted by a court decision based on a request submitted by judicial enforcement authorities or tax authorities.
Funds from the account may be seized without the account holder’s order based on a court decision and a request from judicial enforcement authorities or tax authorities.
The account agreement can be terminated at any time upon the customer’s request.
The court may terminate the account agreement at the Bank's request in the following cases:
When the funds held in the customer’s account are less than the minimum amount specified by the Bank's regulations or the account agreement.
If the required amount is not restored within one month from the date the Bank issued a warning.
In cases where no transactions have been conducted on the account for one year.
The Bank has the right, at its discretion and without notifying the customer, to suspend or terminate the account agreement if:
It becomes aware that the individual customer has passed away or has been declared legally incapacitated according to the prescribed procedure,
The Bank has reasonable suspicion that the customer is engaging in the circulation of funds obtained through criminal means at the Bank,
No transactions have been carried out on the account within one year from the date of account opening,
In other cases as specified by law or by a separate agreement between the bank and the customer.
According to this provision, in the event of suspension of the account agreement, the Bank will suspend the customer’s account servicing until the circumstances that led to the suspension are resolved. In the event of termination of the account agreement, the Bank will close the customer’s account.
Upon receiving the customer's application, the Bank is obligated to close the customer’s account on the same day, except in the following cases:
The customer has outstanding obligations to the Bank.
The account balance is pledged, and there is no consent from the pledge holder to close the account.
There is a balance remaining in the account.
Other cases provided by law or an individual agreement between the Bank and the customer.
Information provision fees:
For receiving the information request on the next business day – AMD 3,000
For receiving the information request on the same business day – AMD 5,000
Your financial information
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In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 14.01.2025 12:40 
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