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Opening a Bank Account in Armenia for Residents and Non-Residents

Armenian banks are generally open to both residents and non-residents. Armenian banks offer a range of financial services, including retail banking, corporate banking, investment services, and online and mobile banking.

This guide answers the most frequently asked questions about opening bank accounts in Armenia.

Opening a Bank Account in Armenia

  1. Step 1

    Research Armenian Banks

    There are 18 commercial banks in Armenia. Check their websites to learn about their services and to verify whether they can open an account for you, based on your residential status, the account's intended purpose, currency needs, and other relevant factors.

  2. Step 2

    Consider Online and Mobile Banking Options

    There's a growing trend of offering remote account opening, which can be very convenient for international travelers considering Armenia. Mobile banking makes it easy to manage your finances in Armenia, even when you're abroad.

  3. Step 3

    Prepare Your Documents and Open a Bank Account

    Armenian banks adhere to KYC regulations, so expect to provide detailed information about your identity and the purpose of your account. Specific requirements and fees can vary between banks, so it's important to research and compare options.

Requirements and Guidelines

The guide was compiled by the Information Systems Agency of Armenia
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