Overview
Evocabank, at a glance.
Evocabank is a bank headquartered in Armenia, regulated by Central Bank of Armenia. Business accounts cost AMD 10,000 a month. Opening an account takes 3–5 days.
EVOCABANK OJSC is a licensed Armenian bank, supervised by the Central Bank of Armenia.
Why businesses pick Evocabank
- A remote opening route for non-resident companies, with video identification
- Accounts in 12 currencies
- Free incoming transfers
- A personal manager on the remote route
- Accepts foreign-citizen sole proprietors registered in Armenia
Watch out for
- Non-residents pay AMD 100,000 to open and AMD 10,000 a month per account
- The remote route costs AMD 500,000 a year plus 0.5% on payments in and out
- SWIFT payments cost 0.15% (AMD 7,000 to 70,000)
- Deposit protection is not stated on the business pages
- Prohibited industries are not published
Business fit
Will Evocabank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Evocabank's published rules
Needs review
Evocabank works with Startups and SMEs, but does not publish the countries it accepts companies from.
Evocabank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Evocabank publishes about the businesses it takes on.
Who Evocabank serves
- Startups and SMEs
- IT and software
- Import and export
- E-commerce
Not supported
Industries and countries Evocabank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Evocabank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
12 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- JPY
- AED
- AMD
- BYN
- CNY
- KZT
- RUB
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Resident and non-resident companies, Sole proprietors, including foreign citizens registered in Armenia
Pricing
What does Evocabank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From AMD 0
depends on plan
Monthly fee
AMD 166.667–41666.666666666664
depends on plan
Non-resident company
AMD 10,000 per month
AMD 100,000 setup · AMD 220,000 in year one
Remote non-resident
AMD 41,666.667 per month
AMD 100,000 setup · AMD 600,000 in year one
Armenian company
Lowest costAMD 166.667 per month
AMD 0 setup · AMD 2,000 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | Free | No charge |
| Outgoing | ||
| SWIFT / international | 0.15%, min AMD 7000 | Percentage, with a minimum charge · Paying all charges (OUR); maximum AMD 70,000; AMD 5,000 if the beneficiary pays (BEN) |
| To another Evocabank account | Free | No charge · Armenian transfers in the app |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | AMD 10000 | Fixed fee · Visa Business, per year; AMD 30,000 for foreign-owned companies |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Evocabank a bank?
Yes. EVOCABANK OJSC holds banking licence 27 from the Central Bank of Armenia.
Can a foreign company open an Evocabank account remotely?
Yes. Evocabank has a remote route for non-resident clients with video identification. It costs AMD 100,000 to open, AMD 500,000 a year and 0.5% on payments in and out.
How much does Evocabank cost at a branch?
Armenian companies pay AMD 2,000 a year per account. Non-resident companies pay AMD 100,000 to open and AMD 10,000 a month per account.
Which currencies does Evocabank offer?
AMD, USD, EUR, RUB, GBP, CHF, CAD, CNY, AED, JPY, KZT and BYN.
Alternatives
How Evocabank compares.
If Evocabank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| EvocabankThis pageBank |  | ArmeniaRemote opening |
 AmeriabankBank | | Non-residents accepted13 currencies |
 TBC BankBank |   | Expat-friendlyMulti-currency |
 Wise BusinessE-money institution |   | Low FX costsStandard businesses |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.