How to open a bank account in MULTIBANK

Beginning of cooperation Last contact Last update
June, 2008 June, 2021 March, 2021

GSL reference about the bank

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Primary requirements:
- the bank opens checking and savings accounts;
- an account can be opened without leaving Armenia: at a bank representative office in Moscow or by Skype;
- the decision-making center for opening accounts is located in Moscow;
- there are no minimum balance requirements;
- the term for opening an account - case by case (check with the consultant);
- the bank does not open accounts for Gambling, Forex, Crypto, Adult content, Weapon sector;
- requirements for the company's turnover - from 10,000,000 USD per year, with at least 60 outgoing transfers;
- there are restrictions on jurisdictions (check with the consultant);
- DO NOT open accounts for companies that had an account with ABLV, but you can open an account for a new company, showing the history of the old company as the history of the origin of the business; from the rest of the Baltic banks take without restrictions;
- The Republic of Armenia does not participate in automatic exchange

42 views 0
    Expand all Сollapse all

    Bank's characteristics

    General information and rating

    Двигайте таблицу
    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated Not rated N/R
    Двигайте таблицу
    Year of foundation 2001
    Personnel There is a Russian-speaking staff
    Confidentiality Judicial Cooperation Agreement with Russia is signed

    Minimum requirements

    Двигайте таблицу
    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    0 0 10 000 000
    Двигайте таблицу
    Transactions permitted per month The annual number of outgoing transfers must be at least 60
    Initial deposit of funds, € There are no minimum balances and initial ring requirements
    Minimum turnover, €/year Requirements for turnover - at least USD 10 million per year

    Tariffs and services

    Двигайте таблицу
    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    200 0 287 N/A No restrictions
    Двигайте таблицу
    Outcoming transfer, € External transfer (RUB, USD, EUR, GBP, CHF) - 0.4% (min 30,000 AMD (~ 57 EUR), max 120,000 AMD (~ 230 EUR) for EUR), (min 15,000 AMD (~ 27 EUR) , max 97,000 AMD (~ 185 EUR) for USD), (min 17,000 AMD (~ 32 EUR), max 60,000 AMD (~ 115 EUR) for RUR). External transfer Same day - 60,000 AMD (~ 115 EUR) in addition to the cost of outgoing payment
    Incoming transfer, € The Bank does not charge a fee for crediting
    Account maintenance, €/year Account maintenance fee is 150,000 AMD (~ 287 EUR)
    Distant access to the account Есть Internet Banking. USD Token - 24 000 AMD (~46 EUR)
    Financial products The bank offers a full range of banking services for corporate and private clients. Opening accounts for non-resident companies of the Republic of Armenia. Settlements with foreign counterparties. Placement of funds on time deposits. Current account balances. Lending to foreign companies and holdings secured by a deposit provides an opportunity to reinvest funds both in the RA and abroad. Development of comprehensive service capabilities for wealthy private clients - owners and managers of international businesses
    Credit/debit cards VISA BUSINESS Debit card AMD/USD, AMD/EUR, Multy currency

    Account opening procedure

    Двигайте таблицу
    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Current
    Двигайте таблицу
    Visit to the bank A visit to the Bank is not required. An account can be opened at a bank representative office in Moscow or by Skype
    Required Completed bank forms. Passport and proof of address (no more than 6 months old). Reporting for the last year. Certificate of good standing / incumbency indicating directors, shareholders, addresses (not more than a year old). The documents of the first shareholders. Business ownership scheme. Trust documents (if any in the chain of ownership). Detailed description of the company's activities. The site of the company. Existing contracts (for which payments are planned). Sites of the main contractors. Statements of current accounts of the company for the last year (with indication of counterparties and purpose of payments)
    Types of accounts Personal; Corporate; Savings; Current
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account Predictable
    Business description Moderately detailed: along with a description of the business, it is necessary to provide information on the sources of origin of funds
     
    RU EN