Fast Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fast Bank suits Armenian residents who want everyday banking and a fixed deposit from one bank, with a monthly fee of AMD 0 on the current account and a deposit paying 7% to 10.25%. Payouts run to a bank and card, and the trading entity Fast Bank CJSC has been based in Armenia since 1994.
Key facts
- Best for
- An Armenian current account with a monthly fee of AMD 0 beside a fixed deposit paying 7% to 10.25%.
- Monthly fee
- AMD 0↗
- Currencies
- 8↗
- Transfer fee
- Interbank transfers in Armenia 200 AMD (AMD) / 3,000 AMD (foreign currency) at branch, free via web and app; Transfer to Card 0.5%↗
- Legal entity
- Fast Bank CJSC↗
- Headquarters
- Armenia↗
- Founded
- 1994↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- fastbank.am
Savings
Money transfer
- Payout methods
- Bank, Card↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Fixed deposits pay a headline rate of 7% to 10.25% on a fixed basis, well above the 3% median across the site.
- Terms run a length of 1 to 18, extend automatically on expiry, and pay interest monthly or at term end.
- Help is available on email, chat and phone, so a phone call, a chat, an email and a help centre all work.
- Payouts run to a bank and card, and the account holds 8 currencies, near the 9 median for everyday accounts.
Cons
- The deposit asks for a minimum of AMD 50,000, above the €0 median for everyday accounts, which puts small sums out of reach.
- Access terms: the deposit is locked for a term of 1 to 18, taking additional deposits and paying interest monthly or at term end, then extending automatically on expiry.
- Transfer fees: interbank transfers in Armenia cost more at the branch, with a higher charge in foreign currency, and a transfer to a card takes a percentage.
Who it suits
- Savers in Armenia who want a fixed deposit paying 7% to 10.25% beside a current account with a monthly fee of AMD 0 and free app transfers.
- Anyone cross-checking Skrill, whose monthly fee is €0 against Fast Bank's AMD 0, and who wants deposit interest on top.
- Customers who want 8 currencies, payouts to a bank and card and help on email, chat and phone from the same bank.
Who should look elsewhere
- Anyone who needs to move money before a term of 1 to 18 ends: the deposit balance stays locked inside the term, so Skrill at €0 a month suits a balance kept liquid.
- Readers who want a wider currency spread: 8 is modest next to the 360 top of the range, and PayPal Colombia at $0 a month sits level on running cost.
How Fast Bank compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
9.3 vs 8.9eToro lists a monthly fee of £0, so on running cost it sits level with AMD 0 here, and the deposit terms settle the choice between them.
9.3 vs 9.1
9.3 vs 9.2
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 9.0Skrill's monthly fee of €0 matches AMD 0, but Fast Bank adds a fixed deposit paying 7% to 10.25% over a term of 1 to 18 with interest paid monthly.
9.3 vs 8.7
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.7
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.4
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.1- 9.3 vs 8.1
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 9.1
Where Fast Bank is available
- Available
- Armenia
- Licence in Armenia
- Central Bank of Armenia (CBA), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Fast Bank current account cost each month?+
The current account carries a monthly fee of AMD 0, level with the €0 median for everyday accounts here. It runs on a no monthly fee structure, and transfers are free in the web and app.
What rate does a Fast Bank deposit pay, and for how long?+
Deposits pay a headline rate of 7% to 10.25% on a fixed basis, against a 3% median across the site. A term runs a length of 1 to 18, the minimum deposit is AMD 50,000, and interest is paid monthly or at term end.
Can I withdraw from a Fast Bank deposit before the term ends?+
Access terms set out a deposit that takes additional deposits, pays interest monthly or at term end, and extends automatically on expiry, with the balance tied up across a term of 1 to 18 rather than open to spending.
Who regulates Fast Bank, and how long has it run?+
The Central Bank of Armenia is the regulator, and the legal entity behind the brand is Fast Bank CJSC, based in Armenia. It has been operating since 1994, so it is an established domestic provider rather than a recent entrant.
Which currencies and payout methods are available?+
The account holds 8 currencies, near the 9 median for everyday accounts and short of the 360 top of the multi-currency range. Payouts run to a bank and card, so a bank transfer and a card payout are both available.
How do I reach Fast Bank support?+
Support runs on email, chat and phone, covering a phone call, live chat, email and a help centre. That mix suits customers who want a person on the line as much as those who prefer to write in and wait for an email answer.
What do transfers from a Fast Bank account cost?+
Transfer fees are set out clearly: interbank transfers in Armenia cost a fixed charge at the branch and more in foreign currency, while a transfer to a card takes a percentage. The same transfers are free in the web and app, and payouts cover a bank and card.
Sources
- fastbank.am/en checked September 26, 2026
Backs: Support channels
“Phone Number (+374) 10 510 000; Email Address; Contact Us t.me/fastbankofficialbot; Frequently asked questions”
- fastbank.am/en/aboutus checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“The history of Fast Bank began on April 1, 1994, when the first branch of "Fast Credit" LLC opened at 37 Abovyan St. in Yerevan”
- fastbank.am/en/individual/accounts/bank-account checked September 26, 2026
Backs: Currencies, Pricing model, Monthly fee, Transfer fee
“Account Currency Armenian Dram (AMD) / US Dollar (USD) / Euro (EUR) / Russian Rouble (RUB) / Pound Sterling (GBP) / Chinese Yuan (CNY) / Georgian Lari (GEL) / UAE Dirham (AED)”
- fastbank.am/en/individual/deposits checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
“The deposit is with additional deposits and without withdrawals. Deposit deposits can be made at any branch of the Bank.”
- fastbank.am/en/individual/transfers/moneytun checked September 26, 2026
Backs: Payout methods
“Cash or non-cash, to the beneficiary's bank or card account”
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
Fast Bank
An Armenian current account with a monthly fee of AMD 0 beside a fixed deposit paying 7% to 10.25%.