Current accounts for your business

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About Account Terms & Conditions Additional Documents

Customer Group

Legal entity / Sole proprietor / Notary

Account Currency

AMD, USD, EUR, RUB

One-time account opening fee (charged at the time of account opening)

AMD 5,000
For non-resident legal entities, legal entities with non-resident shareholders, and non-resident sole proprietors

AMD 50,000

Monthly Account Maintenance Fee

AMD 500

Monthly Package Maintenance Fee

AMD 3,000

Minimum Initial Deposit Required to Open an Account

AMD 0
For non-resident legal entities, legal entities with non-resident shareholders, and non-resident sole proprietors AMD 100,000

Cash Deposits to Accounts

AMD, USD¹, EUR²

Free
RUB - in transactions are temporarily suspended

¹USD banknotes with denominations of 5, 10, 20 and 50 issued before 2004, as well as USD 100 banknotes issued before 2009, are accepted with a 1% commission. However, deposits of up to USD 1,000 per customer per day are free of charge.
² EUR 500 banknotes are accepted only at the branch located at 54b Komitas Avenue. EUR 500 banknotes are subject to a 1% commission in all cases.

Cash Withdrawal from the Account*

AMD, 0.2%, but not less than AMD 500
USD, 1%, but not less than AMD 2,000
EUR, 1%, but not less than AMD 2,000
RUB, 0.5%, but not less than AMD 2,000

* The fee does not apply in the following cases:

Cash withdrawal of amounts deposited in cash (except to card accounts) during the previous calendar year and the current year, provided the withdrawal is made in the same currency as the deposit.
Cash withdrawal of proceeds received through POS terminals and the InecoPay system.
Repayment of the deposit/bond amount after the maturity of the deposit/bond agreement, provided that the contractual term of the deposit exceeds 3 months, or the period from the signing date of the deposit agreement until its early termination is not less than 3 months.
In other cases предусмотрed under the terms of other services provided by the Bank.

Account Closure

Free of charge

Minimum Account Balance

Not specified

For non-resident legal entities, legal entities with non-resident shareholders, and non-resident sole proprietors AMD 100,000

Annual Simple Interest Rate Calculated on the Average Daily Account Balance

Not specified

Intra-bank / Interbank Transfers in AMD

AMD 500 per transfer

Interbank Transfers by Paper Payment Order (BEN)
excluding RUB

AMD 5,000

Interbank Transfers in Foreign Currency within the RA

(Paper Payment Order)

0.1%, minimum AMD 5,000, maximum AMD 10,000

Interbank Transfers by Paper Payment Order (OUR)

RUB: 0.1%, minimum AMD 5,000, maximum AMD 40,000
USD, EUR and other foreign currencies: 0.2%, minimum AMD 12,000, maximum AMD 60,000

Urgent Interbank Transfers by Paper Payment Order (within the same business day)

AMD: Additional one-time fee of AMD 2,000
Foreign currency: Additional one-time fee of AMD 5,000

Interbank Payment Orders Submitted via Remote Banking System

20% lower than the tariffs for paper payment orders
(including Guaranteed OUR, BEN transfers, interbank transfers in foreign currency within the RA, and urgent transfers)

Main terms of bank accounts service

The provisions of the Main terms and other documents provided for therein shall also apply to escrow accounts, notary deposit accounts, developer’s special accounts, state support accounts, as well as other special bank accounts defined by the RA Legislation, unless otherwise specified by the legislation regulating special bank account properties. Bank accounts defined by this document are opened for an indefinite period (except for Escrow accounts which are closed immediately after the transaction is performed).
The Bank offers accounts with various opportunities. Current accounts allow you to make cash deposits, withdrawals, cash payments and transfers, as well as other transactions defined by the Bank.
Each account services only one currency.
In case there are more than one Accounts in the same currency, the Customer can inform the Bank about the Account that will be used for the relevant transaction (for example, deposit interest payment), if possible according to the rules of the transaction. The Bank may, at its discretion, select the relevant Customer Account and use it for the relevant transaction.
In case of suspicion of deposited counterfeit banknotes and coins, the Bank may confiscate them by handing them over to law enforcement agencies or specialized parties for further investigation. In that case, the Bank is not responsible for the shortfall of the amount deposited to the Account.
To transfer money from his/her Account to Accounts of other parties, the Customer may submit payment orders to the Bank's branches, through InecoOnline system, as well as through the Payment Systems attached to the card account, if allowed by the latter to transfer of funds. Customer payment orders are executed in case of sufficient funds to execute the given order on the Customer's Account (including making the relevant payments provided by the Tariffs arising from the order). The fact that there are sufficient funds on the account is determined by the Bank. Partial execution of payment orders is not carried out, except for the cases stipulated by the RA Legislation.
In case of cash funds available on the Customer account, the amount of which is sufficient to meet all the requirements of the account, those funds are withdrawn in the sequence of entry of the Customer’s orders and other documents for withdrawal (calendar sequence), unless otherwise provided by the law. The Bank is obliged to withdraw funds from the Account by the Customer's order no later than the next day the payment document enters the Bank, unless there is another term specified by law, by the established corresponding banking rules or Tariffs. The Customer may submit orders dated later than transfer of funds from the Account, as well as instruct the Bank to charge funds periodically in the future and transfer them to the addressee indicated in the payment order. In that case, the Bank transfers funds to the addressee specified in the Customer's order within the period or on the dates specified in the payment order in case there are sufficient funds available on the Account.
Withdrawal of funds from the account may be carried out on the orders of third parties in accordance with the rules of the appropriate Payment system or in a way established by the Bank. The Bank has the right to reject withdrawal of transactions at the request of third parties if they do not comply with the requirements set by the Bank.
When withdrawing money from the Account if there are insufficient funds on the account, the Bank, in accordance with a separate agreement with the Customer, may credit the Account lending (provide overdraft) and withdraw funds from the credit proceeds provided to the Customer. As a result of crediting the account the procedure and amount of the use of funds provided to the Customer, calculation of interest accrued on them are set out by a separate contract concluded between the Bank and the Customer.
Payments and other entries to the Customer Account are credited (entered) to the Account no later than on the banking day following the entry of the relevant payment document to the Bank, unless otherwise provided by applicable legal acts.
In case of insufficient funds on the Customer’s Account, the funds are withdrawn in the sequence defined by the RA Legislation. Unless the Customer's Account is banned, the Bank shall, as a matter of priority, charge the amount of the Customer's overdue liabilities to the Bank. Moreover, the Bank has the right to determine the order of charging of the Customer's liabilities to the Bank at its own discretion.
The Bank has the right of pledge on all the balances of the Customer's Accounts, cash inflows and accruable interest, to secure against all transactions of the Customer with the Bank, as well as to secure the fulfillment of obligations to the Bank on other grounds defined by the RA Legislation. The Customer has no right to pledge or otherwise overload the funds available and/or receivable on the Account without the written consent of the Bank.
At the request of the Customer, the Bank is obliged to provide the Customer with Account Statement on his/her account within five days, charging the fees set by the Tariffs for the provision of the Account Statement.
At data reflected in the Statement are deemed a proper notice of the transactions made via the Account. The data presented in the Statement are deemed accepted and approved by the Customer, unless the Customer has submitted the remarks on the Statement in writing to the Bank within 30 (thirty) banking days upon receiving the Statement. The Bank shall not be liable for any errors, omissions of postal services or means of communication, the loss of statements or damage resulting from theft, for the publication of submitted requests or information.
The Bank has the right to unilaterally terminate the Account or close it without going to court if there are suspicions about the legality of the Account operations or the Customer has not provided the information required by the Bank within the timeframe set by the Bank, as well as in case of non-fulfillment or improper fulfillment of other obligations undertaken by the Customer.

Procedure of settlement of disputes arising from account service

Disputes and disagreements arisen between the parties during the validity of the agreement are resolved through negotiations. In case of failure in reaching an agreement through negotiations, the disputes are resolved in accordance with the procedure established by RA legislation.
The Customer can submit the complaint (except for the complaint-request) and the application to the Bank personally (by handing over the note at the Bank's location), by post (sending to the postal address of the Bank's Central office), through the appeal application posted on the Bank's official website, by phone (by calling the Bank's Contact Center) or through other remote communication channels of the Bank (via e-mail, Ineco Online system, through social networks, etc.). The complaint- request is submitted to the Bank in writing, personally, by post or by the appeal application posted on the Bank's official website.
The Bank makes a decision on the complaint (whether to satisfy, partially satisfy, reject) within 10 working days.

General provisions for all Bank account types

If the Customer wants to open an account, he/she can approach any Retail or Universal branch of the Bank, submitting the documents required for opening an account. The bank officer presents the terms and tariffs of the bank account service to the customer, checks the completeness and validity of the submitted documents and in case of their completeness concludes a Banking services application/agreement with the customer, and the commission fee defined by tariffs is charged.
Bank accounts defined by this document are opened for an indefinite period (except for Escrow accounts, which are closed immediately after the transaction is completed).
In case of opening a current account in AMD, the Bank simultaneously opens current accounts in USD, Euro, RUB for the Customer, without charging additional opening or service fees for the latter.
Opening and servicing accounts in currencies other than AMD, USD, EUR, RUB is carried out on a contractual basis.
In case of non-payment of the account service fees for 3 consecutive months, the Bank is entitled to freeze all the customer's accounts. Unfreezing of accounts is carried out automatically when, as a result of replenishment of accounts, the accumulated liability for monthly service fees of accounts stipulated by tariffs is fully repaid.
The Bank may unilaterally close accounts with zero balance and with no turnover continuously for one year without going to court.
Cash deposit to the Account is made on the same day, unless otherwise provided by the contract with the customer.
Disbursement of cash exceeding 3,000,000 (three million) AMD or equivalent foreign currency is made on the basis of a pre-submitted application, which is submitted to the Bank at least one day before by 14:45. The provision of more than three million AMD without a preliminary order may be rejected by the Bank or be satisfied with the right to charge an additional cash withdrawal fee of 0.5% of the amount exceeding the specified amount.
Intrabank transfers stipulated by these Tariffs are actually made on the day of acceptance of the payment order by the Bank, and interbank transfers are actually made (the transferred amount is sent by the Bank to an intermediary or beneficiary bank)

- on the day of acceptance of the payment order by the Bank, if

The paper payment order was submitted by 13:00,
The order via remote control systems was submitted by 14:00.

- on the operational day following the day of acceptance of the payment order by the Bank ("Urgent" orders accepted before 15:00 of the given operational day and executed on the same operational day make an exception), if

The paper order was submitted after 13:00,
The order via remote control systems was submitted after 14:00.

- On the operational day following the day of acceptance of the payment order by the Bank in case of submission of interbank transfer order on Saturday.

Under the agreement with the United States based on Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to find out whether a Customer is a U.S. taxpayer.
The monthly service fee of the current account starts to be calculated from the beginning of the following calendar month of account opening, and the charging is made until the 21st of the month following the month of account opening, unless otherwise provided by other contracts concluded between the Customer and the Bank.
ATTENTION: The Customer's rights to manage the account and the funds on it may be restricted based on the application submitted by bodies of compulsory enforcement of judicial acts or tax authorities by the court decision, as well as due to freezes as a result of transactions with the Bank. In addition to the cases provided for in the Main Terms, withdrawals from the Account without the Customer's order may be made on the basis of an application/acts submitted by the bodies of compulsory enforcement of judicial acts, tax authorities and other competent state authorities.
Commissions subject to VAT taxation are also VAT-inclusive.

Updated as of 07.07.2026 14:10