IDBank (Armenia)

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IDBank (Armenia)


IDBank is a financial institution of Armenia, founded in 1995 under the name “Anelik Bank”. And already under its current name, the bank has existed since June 2018. The goal of the bank is to become the best innovative financial structure in Armenia and the choice of client No. 1.



Types of bank accounts

Personal, corporate.


The Bank opens accounts for legal entities registered in any jurisdiction except North Korea, Iran, Syria, Sudan and Cuba.

The cost of opening of the account

(bank tariff)


The cost of opening an account:

- for legal entities - 3000 AMD;

- for individuals - 2000 AMD.


Minimum balance - not applicable.

Representative offices


Management of the account

Using free Internet banking software.

Bank’s tariffs

Account servicing for legal entities and individuals - no commission is charged.


Intrabank transfers - no commission is charged.


Transfers in EUR/USD - 0.15% (min 6000 AMD, max 50 000 AMD).


For more information on tariffs, see the bank's website.

Terms of opening the account 

The procedure of opening the account consists of two stages: the preliminary stage and final stage of opening an account.

The preliminary stage includes the process of collecting and filing your documents, which are required for opening an account. The terms of preliminary stage depends wholly on you.

The procedure of consideration the documents and reaching the decision by bank regarding opening an account takes 1,5 months starting from the date when the bank has received your original documents.

IDBank follows KYC policy and reserves the right to require additional documents what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.


Russian/English speaking.

Credit/debit cards

MasterCard, Visa.

Other bank’s products

Deposits, loans, trust custody, asset trust management, investments.

Documents for opening an account

Forms for signing are provided at a bank branch in Yerevan (Armenia).


Company’s documents – you should give us the originals of all corporate documents. If the company is older than 1 year we shall be provided with the Certificate of Good Standing affixed with apostille.


Documents for the account holder:

- original of national passport;

- original of foreign passport (in case of its presence);

- confirmation of the address (utility bill not older than 3 months).


Documents for the beneficiary:

- original of national passport;

- original of foreign passport (in case of its presence);

- confirmation of the address (utility bill not older than 3 months).

The procedure of opening an account

To begin the procedure, it is necessary to provide high-quality copies of the above documents for sending to the bank for review. After their consideration and approval, we will agree on the date and time of your visit to the bank’s representative office in Yerevan (Armenia) for signing bank forms.

Bank site


For further consultation concerning the terms of account opening in IDBank Armenia please contact our office. We will respond to any questions you may have and will help you open an account in Armenian IDBank or any other bank out of 60 foreign banks you may choose from.