Thank you very much for interesting in ARMSWISSBANK’s Services.
Opening a bank account in our bank will allow you to take all advantages and enjoy the professionalism of our staff and quality of our services. By reading this guide you will find usfull information on how to open bank account in our books and some practical issues you can meet during maintaining account and run financial operations.
ARMSWISSBANK opens account for natural persons, legal entities, as well as professional financial intermediaries, whether resident or non-resident. For non-resident legal entities, the Bank opens accounts if the Client and his / her business, owners’ structure, organizational-legal form are disclosed and acceptable to the Bank.
Not all businesses are acceptable for us. We do not open accounts tocustomers who are involved in trade of weapons,ammunition, army equipment, drugs, trafficking, and money laundering. The customers, applying for account opening must disclose information on type of business, nature of expected financial means turnower and information on ultimate beneficiary owner(s). We do not open account(s) for business whose shares are issued as a bearer ones.
For non-resident legal entities, the Bank opens accounts if the Client and his / her business, owners’ structure, organizational-legal form are disclosed and acceptable to the Bank.
In the account(s) opening process we are following on international community requirements such as UN decrees, National law requirements as well as our internal policy requirement. The Customers may be asked to provide proves of the provided information during the account opening,maintaining and executing financial operation. The suspicious transactions could be suspended or rejected.
ARMSWISSBANK has joined to FATCA (Foreign Account Tax Compliance Act , web site:www.irs.gov, according to which the Information on US Tax Payers will be provided to US appropriate authorities.
ARMSWISSBANK publishes on its web site up to date Tariffs for account opening, maintaining and executing transactions. Please refer to the appropriate sections in our web site to be aware of it.
The set of documents we require for account opening has a purpose of Customer identification, understanding nature of the business and financial transactions.
The list of Documents for this type of Customers is the same as for Corporate Entities, but ARMSWISSBANK will require additional set of documents, regulating their professional activities.
For Armenian residents the account opening procedure takes up to two banking days. For Non-resident, especially for those who have applied for account opening remotely, the procedure could take up to two weeks after providing full set of documents required for account opening.
Those, who are interested in opening account in our books can apply by site visiting our premises, use on line forms available in our web site www.armswissbank.am or write us by [email protected] or call +374 60 757-000, +374 11 757-000
Our staff will guide you on the account opening process.
