RelatedArmeniaZero Min DepositOnline OnlyFast Approval

InecobankInecobank

Armenia 传统银行 In-branch required Permit holders ★ 4.1
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Minimum depositNo minimum opening amount and no minimum balance requirement
Monthly feeNon-resident account maintenance is usually free
Minimum balanceNo minimum balance requirement
How to apply—
Processing timeUsually completed the same day (within 1 business day)
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • Terms explicitly state no minimum opening amount and no minimum balance
  • Fast decisions — accounts usually opened the same day
  • Non-resident opening fee around AMD 25,000, mid-range
  • Branches across Yerevan and the regional capitals

Things to note

  • Non-residents must still appear in person
  • Currencies outside AMD/USD/EUR/RUB are contractual only
  • Zero-balance accounts dormant for a year can be closed unilaterally

Documents required

  • Valid passport
  • Personal Public Service number, or a certificate of non-receipt
  • Proof of address
  • Source-of-funds explanation if requested

Bring your passport and PSP number straight to any retail or full-service branch

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

No Monthly FeeNo Min DepositMulti-Currency
Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

Open account ↗ Some links are affiliate (commission) links; this does not affect our objective assessment.

Other accounts in this region

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