AMIO Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
AMIO Bank pairs an everyday account with a fixed-rate deposit paying 9.75%, which suits savers in Armenia who can leave money in place. Transfers abroad reach a bank account or cash pickup in up to 10 minutes, and the everyday account itself costs nothing monthly.
Key facts
- Best for
- Free everyday banking in Armenia with a fixed-rate deposit attached.
- Monthly fee
- AMD 0↗
- Currencies
- 4↗
- Transfer fee
- 0.8% of 250.01-10,000 USD, 2 USD flat for 0.01-250 USD (MoneyGram transfer to Ukraine, Georgia, Moldova, Turkey, Egypt, Philippines, India, Poland, Israel)↗
- Legal entity
- AMIO BANK CJSC↗
- Headquarters
- Armenia↗
- Founded
- 1991↗
- Support channels
- Email, Phone↗
- Pricing model
- No monthly fee
- Official website
- amiobank.am
Savings
Money transfer
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- A fixed deposit rate of 9.75%, well above the 3% median headline rate across the site.
- Payout methods include bank and cash pickup on MoneyGram transfers.
- Support runs by phone and email, listed at email and phone.
- The legal entity behind the brand, AMIO BANK CJSC, is based in Armenia and has traded since 1991.
Cons
- The time deposit auto-prolongs to a demand deposit at maturity, so money stays committed until then and then rolls on its own.
- Only 4 currencies, ranking 183 of 379 on currency count.
- MoneyGram pricing takes either a percentage or a flat charge, depending on the amount sent.
Who it suits
- Savers in Armenia who can commit funds for a term to earn a fixed 9.75%.
- Anyone sending MoneyGram transfers to Ukraine, Georgia, Moldova, Turkey, Egypt, the Philippines, India, Poland or Israel.
- Customers who want a AMD 0 monthly fee and a deposit at the same bank.
Who should look elsewhere
- Readers who want a payments wallet rather than a deposit: Skrill's monthly fee is €0.
- Investment-minded readers: eToro, with a monthly fee of £0, sits on the trading side.
- Readers focused on payments rather than deposits: PayPal Colombia also has a monthly fee of $0, so cost is not the deciding factor.
Fees and FX
The everyday account carries a monthly fee of AMD 0, matching the €0 median across the accounts compared here, and the transfer fee is the other recurring cost. Money moves abroad through MoneyGram, where transfers to Ukraine, Georgia, Moldova, Turkey, Egypt, the Philippines, India, Poland and Israel take a percentage of larger sums and a flat charge on smaller ones.
The company behind it
AMIO BANK CJSC is the legal entity behind AMIO Bank, headquartered in Armenia and established in 1991, so the everyday account and the time deposit sit with the same long-standing institution. Support runs on email and phone, meaning phone and email rather than a branch counter or live chat.
How AMIO Bank compares
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 8.0
9.1 vs 8.9eToro's monthly fee is £0, and it sits on the investment side, which pairs with a reader weighing a 9.75% deposit return.
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 9.0Skrill's monthly fee is €0, matching AMIO Bank's, and it suits readers who hold money in a wallet rather than in a fixed deposit.
9.1 vs 8.7
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 9.1
Where AMIO Bank is available
- Available
- Armenia
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What does it cost to keep an AMIO Bank account open?+
The AMIO Active account has a monthly fee of AMD 0, in line with the €0 median across the accounts compared here. The account itself is free to run, and the return comes from the deposit rate rather than a balance requirement. Depositors earn a fixed rate of 9.75%.
What rate do I get on deposits, and is it fixed?+
Time deposits pay a headline rate of 9.75% and the rate type is fixed, so the return does not move during the term. That is well above the 3% median headline rate across the site. The account kind is fixed, so the money is committed for a set period.
How long must I leave the money, and is there a minimum?+
Terms run 1 to 36 months and the minimum deposit is AMD 30,000. Terms differ by currency: deposits in AMD and USD can run longer than those in EUR and RUB, and at maturity the time deposit auto-prolongs to a demand deposit. Check the term that applies to your currency first.
How fast can I send money abroad, and how is it paid out?+
MoneyGram transfers can arrive in up to 10 minutes. Payout methods include bank and cash pickup, so the recipient can take the money from a bank account or collect it in cash. The listed routes run to Ukraine, Georgia, Moldova, Turkey, Egypt, the Philippines, India, Poland and Israel.
What does a MoneyGram transfer cost?+
The transfer fee listed is $8. Pricing also depends on the amount: a percentage is taken on larger sums and a flat charge applies on smaller ones, for transfers to Ukraine, Georgia, Moldova, Turkey, Egypt, the Philippines, India, Poland and Israel.
How many currencies can I hold?+
The account covers 4 currencies. That places AMIO Bank at 183 of 379 brands compared on currency count, and under the 5 median for multi-currency accounts. Readers holding several currencies may prefer a longer list.
How do I get hold of support?+
Support runs on email and phone only, so questions go by phone or email rather than chat. Phone is the more common route among comparable accounts, at 79.7%, which makes a call a sensible first step.
Who runs AMIO Bank?+
AMIO Bank is operated by AMIO BANK CJSC, headquartered in Armenia and established in 1991. The same institution runs the everyday account and the time deposit, so both sit with the same bank. Deposits are offered in AMD, USD, EUR and RUB.
Sources
- amiobank.am checked September 26, 2026
Backs: Founded, Headline rate
“AMIO BANK CJSC, Central Bank of Armenia licence No 40, granted 10.12.1991”
- amiobank.am/all-services/transfers/international/moneyGram checked September 26, 2026
Backs: Delivery time, Payout methods, Transfer fee, Fee to send 1,000
“Transfer execution time - up to 10 minutes”
- amiobank.am/en/deposits checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Rate type, Term
“Term: 31 - 1095 days (AMD, USD) 31 - 730 days (EUR, RUB) ... the agreement shall be deemed to have been prolonged on the terms of a demand deposit”
- amiobank.am/en/package-and-cards/amio-active checked September 26, 2026
Backs: Currencies, Headquarters, Legal entity, Pricing model, Monthly fee, Support channels
“One bank account in each currency with no service fee: AMD USD EUR RUB - Amio Active”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.