Converse Bank- Accounts

Updated: 26.12.2009 11:16

arm

rus

eng

Internet banking

My Converse

On-line banking

My Converse

Registration system

01.03.2010 - 31.03.2010

AMD - 10.00

USD - 7.00

For Individuals

For Legal entities

For Individual
entrepreneurs

Terms for opening insolvency
and special-purpose accounts

Accounts

"Converse Bank" offers an opportunity for physical individuals (saving account) and legal entities (current account) to open and manage bank accounts with excellent conditions. Becoming "Converse Bank" clients gives the opportunity to manage accounts utilizing an on-line system and to exercise Bank services in the head office and branches as well as to manage accounts through the Banks various ATM machines without visit the Bank.

The Bank opens an account(s) in AMD and/or FX currency for its customers, performs complex service of account(s) as well as all those settlement and cash-desk operations upon the customer's request, which are envisaged by the RA legal acts for the RA resident and non-resident legal entities and individuals.

The customer can perform input and withdrawal operations of funds with his accounts.

Input

Cash - the customer performs input at the moment of cash input
Non-cash - at the receipt of payment order

Withdrawal

Account statements, information guides and other account-related information can be provided to the customer in any way preferable to him: in hand, by mail or e-mail, either by Internet-bank or Bank-customer system free of charge after filling the "Application for Provision of Information". Copies of statements are provided by the bank in accordance with specified tariffs.

Tariffs and Rates of Bank Accounts

N	TRANSACTION TYPE	TARIFFS AND RATES
1	We offer accounts for individuals and legal entities in following currencies:
	- AMD
	- USD
	- EUR
	- RUB
	Accounts in other currencies may be opened with different terms on request.
1.1	Account opening
	- individuals in AMD	free
	- individuals in other currency	AMD 500
	- individuals and sole entrepreneurs	AMD 1 000
2	Maintenance of accounts
	- individuals¹	free
	- legal entities¹	free
3	Submission of documents (including submission of statements) after to transaction implementation	free
4	Interest paid on account balance²
	a/ Current account¹
	- up to 25 million or equivalent currency	0.1%
	- 25 million /or equivalent currency/ and over	Higher rate may be applied subject to agreement, min 0.1%.
	b/ saving¹
	- in AMD	3% /per annum/
	- in USD	2% /per annum/
	- in EUR	1% /per annum/
	- in other currencies	contractual
5	Account minimum balance
	a/ for each current account¹
	* for head office and for branches existing in Yerevan
	AMD	AMD 10 000
	USD	USD 50
	EUR	EUR 50
	RUB	RUB 1 000
	* for branches existing in other regions of RA
	AMD	AMD 5 000
	USD	USD 25
	EUR	EUR 25
	RUB	RUB 500
	b/ saving for each account
	AMD	AMD 5 000
	USD	USD 25
	EUR	EUR 25
	RUB	RUB 500
6	Account closing^*
	- individuals¹	AMD 1 000
	- legal entities and sole entrepreneurs¹	AMD 2 000
7	Client's individual service	AMD 25 000 monthly. If the client is a legal entity included is the service of 5 managers.
8	Account Management Systems
	Bank offers the following services for remote management of accounts.
	- Bank Client system	AMD 3 000 monthly - with VAT
	- AS Bank Client system	AMD 8 000 monthly - with VAT
	- Internet Banking system
	*Information about account	free
	*Information about operations	AMD 3 000 monthly - with VAT
	- fax	AMD 3 000 monthly - with VAT
	- submission of additional test-keys /in case of loss	AMD 2 500 - with VAT
	- submission of additional system arrangements (in case of system error)	AMD 10 000 - with VAT
	- other Bank services	AMD 5 000 - with VAT
9	Demand Deposit	0.1%

¹Current accounts are being opened for legal entities and individual proprietors only, and saving accounts are being opened for physical individuals.
²On correspondence, special, transit and internal accounts interest is calculated and paid contractually, in other cases interest payment is made within five banking days following the end of the quarter.
*This is applied only in cases when the account of the Customer is closed and the relationship with the Bank is canceled.

Conditions for opening an account for Physical persons

Conditions for opening an account for Legal entities

Conditions for opening an account for Individual entrepreneurs

Conditions for opening insolvency and special-purpose accounts

Accounts guide

Dear customers,

Please read the below stated very attentively:

Interests on the funds in the customer's account are calculated on the basis of nominal interest rate. The annual interest income shows how much profit it is possible to receive, if the interests received on the deposit are reinvested as a deposit. It is to find the procedure and example of calculating annual interest income in the below-mentioned link:
Procedure and example of calculating and paying interests into the account balance

The Bank has the right to annul agreements signed with the customer, if

The customer has transgressed any of the points specified by the Agreement
There are other bases for that envisaged by the RA normative legal acts

Customers' rights to manage all bank accounts (saving, deposit and other) and funds can be restricted by court decision on the basis of applications submitted by the Judicial Acts Enforcement Bodies or Tax Bodies. The bank has no right to inform the account-holder about the account ban unless it has already put a ban on the accounts. The customer is immediately informed about the ban when performing the first operation in the bank with the banned account.

It is possible to exact funds from the customer's account without his order with the court decision on the basis of application submitted by the Judicial Acts Enforcement Bodies or Tax Bodies. These are reflected in the bank account statements of the customer, which are provided to the customer in accordance with a procedure coordinated between the bank and the customer.

Procedure of Opening and keeping of current and savings accounts

Notification on Procedure and terms of Remuneration of Bank Deposits

Notification on Financial Ombudsman

Please be informed that according to the RA law "On Financial Ombudsman" you can submit for consideration of the Financial Ombudsman your property claims for services provided you by "Converse Bank" CJSC and the amount not exceeding AMD 10 million or the equal amount in foreign currency.

Dear customers,
For more details please contact the Head Office on the address 26/1, Vazden Sargsyan Str., Republic Square or by phone 511 200, 511211 as well as all the branches of the Bank on the following addresses and telephone numbers.