Byblos Bank Armenia review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Byblos Bank Armenia is a sensible pick for anyone in Armenia who wants a fee-free everyday account and a fixed-rate term deposit in the same place. The monthly fee is AMD 0, the minimum term deposit is AMD 1,000,000, and transfer fees run 0.15% (min 9,000 max 60,000 AMD).
Key facts
- Best for
- Armenian residents and businesses who want no monthly fee and a fixed-rate term deposit.
- Monthly fee
- AMD 0↗
- Currencies
- 3↗
- Transfer fee
- 0.15% (min 9,000 max 60,000 AMD)↗
- Legal entity
- Byblos Bank Armenia CJSC↗
- Headquarters
- Armenia↗
- Founded
- 2007↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- byblosbankarmenia.am
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- The monthly fee is AMD 0, so the everyday account costs nothing to keep open.
- Term deposit rates are 5.5% to 9.5% at a fixed rate, with terms of 1 to 24.
- Transfers cost 0.15% (min 9,000 max 60,000 AMD) and are paid out to a bank account, wallet or card, with 3 currencies available.
- Help runs on email, phone and help centre, so phone and email cover is there alongside the help centre.
Cons
- Early withdrawal is costly: closing a term deposit before maturity recalculates all interest at the Easy save account rate.
- Transfers take Within 48 hours (USD and EUR transfers), which is slow for USD and EUR payments.
- A term deposit needs a AMD 1,000,000 opening balance, which is a high bar for new savers.
Who it suits
- Armenian households and small businesses that keep a current and demand account with the same bank
- Savers who can leave AMD 1,000,000 untouched for a term of 1 to 24
- Anyone sending USD or EUR transfers who can plan for Within 48 hours (USD and EUR transfers)
Who should look elsewhere
- Savers who need instant access to their money, since early maturity recalculates all interest at the Easy save account rate
- Travellers or expats who need a wide currency choice, with 3 currencies available
- Businesses that need same day international payments, since USD and EUR transfers take Within 48 hours (USD and EUR transfers)
How Byblos Bank Armenia compares
8.9 vs 8.7
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Where Byblos Bank Armenia is available
- Available
- Armenia
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What does it cost to keep an everyday account at Byblos Bank Armenia?+
The monthly fee is AMD 0, so the current account carries no ongoing charge. The account model is a no monthly fee setup with fixed-rate deposits, which suits readers who count every drachma a month.
How much interest does the term deposit pay?+
The term deposit pays a fixed rate of 5.5% to 9.5% over terms of 1 to 24. Because the rate is fixed, the return is set at the start and does not move while the money stays in place.
How much do I need to open a term deposit?+
The minimum deposit is AMD 1,000,000. That is a sizeable opening balance for a first saver, so the deposit suits people with money set aside rather than those starting from a small pot.
Can I get my money out early from a term deposit?+
Principal is repaid at maturity to a current or demand account. Closing the deposit before maturity recalculates all of the interest at the Easy save account rate, so an early exit costs a lot of the headline return.
What does a transfer cost and how fast is it?+
Transfer fees run 0.15% (min 9,000 max 60,000 AMD), and Within 48 hours (USD and EUR transfers) applies to USD and EUR transfers. Payouts can go to a bank account, a wallet or a card, and 3 currencies are available.
Who runs the bank and where is it based?+
The legal entity is Byblos Bank Armenia CJSC, founded in 2007 and headquartered in Armenia. It is a domestic bank rather than an international brand, aimed mainly at Armenian customers.
What support can I reach if something goes wrong?+
Support runs on email, phone and help centre, covering email, phone and a help centre. There is no live chat listed, so phone is the quickest route for anything time sensitive.
Which kind of account does this bank offer?+
The account kind is fixed, so the headline product here is a fixed-rate deposit rather than an instant access saver. Pair it with a current or demand account, since matured principal is repaid there.
Sources
- byblosbankarmenia.am checked September 26, 2026
Backs: Headquarters
“Yerevan”
- byblosbankarmenia.am/en checked September 26, 2026
Backs: Support channels
“+37460616100, [email protected], FAQ (Frequently asked questions) link in the site menu.”
- byblosbankarmenia.am/en/deposit/term-deposit checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Term
“In the event of early maturity, the recalculation of all interests shall be made based on the effective interest rate set for Easy save account.”
- byblosbankarmenia.am/en/transfer checked September 26, 2026
Backs: Currencies, Delivery time, Payout methods, Transfer fee
“International and local transfers in USD and EUR”
- en.wikipedia.org/wiki/Byblos_Bank_Armenia checked September 26, 2026
Backs: Founded, Legal entity
“Founded in December 2007”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Byblos Bank Armenia
Armenian residents and businesses who want no monthly fee and a fixed-rate term deposit.