Opening a personal bank account

In Armenia, personal bank accounts are used primarily for getting paid by your employer, receiving government-provided benefits, and paying for utilities. Mobile and internet banking is very common for making payments for utilities, especially phone and internet services. 

When opening up a bank account you will need: 

• Your passport
• Social security number 
• Registered address 

You can find comprehensive information about banks and the country’s financial system at www.banks.am and the Central Bank’s web site, www.banks.am.