How to Get a Debit Card in Yerevan: Requirements, Documents, and Key Considerations in 2026

In Yerevan, you can get a debit card through any Armenian bank. The process is generally straightforward and does not take long, although service terms, fees, and onboarding formats may differ from one bank to another.

In this guide, we cover:

1. Required documents
2. Issuance and maintenance fees
3. Availability of online applications
4. Supported account currencies
5. Possible reasons for refusal

All information is актуально as of February 2026.

Who Is Eligible to Get a Debit Card in Yerevan

Individuals can obtain a debit card regardless of citizenship or employment status.

By Legal Status

1. Armenian citizens
2. Foreign nationals
3. Residents holding a residence permit

By Employment Type

1. Salaried employees
2. Sole proprietors
3. Freelancers
4. Self-employed individuals

Employment status does not limit eligibility to obtain a debit card. However, as part of standard compliance procedures, banks may request information about the source of funds.

Documents Required to Get a Debit Card

For Armenian Citizens

Typically required:

1. Passport or national ID card
2. Social security number if applicable
3. Contact information

The application process is usually completed on the same day. The physical card is typically issued within 3-5 business days.

For Foreign Nationals

Banks generally require:

1. Valid international passport
2. Proof of lawful stay in Armenia
3. Local residential address
4. Contact phone number

In certain cases, the bank may request additional information regarding the purpose of opening the account.

What Types of Debit Cards Are Available in Yerevan

Armenian banks offer debit cards across different tiers – from basic cards designed for everyday transactions to premium products with extended features.

The exact lineup varies by bank, but in general, customers can select a card based on their needs: salary deposits, online payments, travel, or holding funds in foreign currency.

The most commonly issued cards include:

1. Visa Classic
2. Visa Gold
3. Mastercard Standard
4. Mastercard Gold
5. Digital cards
6. Premium debit cards

Cards are typically available in the following currencies:

1. AMD
2. USD
3. EUR

It is worth noting that true multi-currency functionality, where multiple currency accounts can be linked to a single card, is not standard across all banks.

As of February 2026, one example of such functionality is the VTB Armenia MIR Travel card.

In most other banks, separate accounts are opened for each currency, and separate cards are issued accordingly.

Issuance and Maintenance Costs

While debit card conditions are broadly similar across Armenian banks, specific fees depend on the card tier and the bank’s pricing policy.

Below are indicative parameters as of February 2026.

Important Considerations

1. Basic-tier cards are typically less expensive to maintain than Gold or premium cards.
2. Cash withdrawal fees depend on the ATM network and transaction currency.
3. Transfers to other banks are often charged separately under the bank’s tariff schedule.

For this reason, before applying, it is advisable to review the full tariff schedule of the specific bank rather than focusing solely on the card issuance fee.

Can You Apply for a Debit Card Online in Yerevan?

Yes. Most Armenian banks allow you to start the debit card application process remotely.

Typically, the following steps are available online:

1. Completing an application form on the bank’s website
2. Uploading scanned copies of required documents
3. Selecting a preferred branch for card pickup

However, in most cases, personal presence is still required for final customer identification. This is due to banking regulations and standard KYC (Know Your Customer) procedures.

Fully remote onboarding is not available at all banks and depends on the customer’s status, the type of card, and the institution’s internal policies. It is advisable to verify the specific bank’s conditions before submitting an application.

Why a Bank May Refuse to Issue a Debit Card

Refusals are uncommon but permitted under a bank’s internal risk policies.

The most common reasons include:

1. Lack of proof of lawful stay in Armenia
2. Inability to clearly explain the source of funds
3. Indicators of transit or atypical transaction activity
4. Restrictions related to international sanctions

Armenian banks operate under the supervision of the Central Bank and comply with international financial monitoring standards. As a result, they are required to assess customer risk before opening an account.

It is important to understand that a refusal does not necessarily imply any legal violation. In most cases, it reflects internal risk assessment procedures.

How Customer Due Diligence (KYC) Works

When issuing a debit card, the bank conducts customer identification procedures - commonly referred to as KYC (Know Your Customer). This is a standard international compliance practice.

The bank may:

1. Ask about the purpose of opening the account
2. Clarify the source of income
3. Request additional documentation

These checks are designed to prevent fraud and money laundering. When documentation is clear and consistent, the process is typically completed quickly.

Key Considerations for Foreign Citizens

Foreign citizens can obtain a debit card from Armenian banks. However, standard customer due diligence procedures apply when opening an account.

It is important to consider the following:

1. The bank will clarify the purpose of opening the account
2. Large or recurring transfers may require additional explanation
3. Enhanced checks may be conducted in line with the bank’s internal risk policies

Armenia participates in international financial information exchange agreements. As a result, its banking system operates under transparency principles and international compliance standards.

If you plan to use the account actively for business purposes or international transfers, it is advisable to clarify the specific bank’s requirements in advance.

Step-by-Step Guide: How to Get a Debit Card in Yerevan

1. Choose a bank using the AFM platform
2. Prepare the required documents
3. Submit your application online or at a branch
4. Complete the identification procedure
5. Receive and activate your card

In most cases, the process requires only one visit to the bank.

Common Mistakes When Applying for a Card

1. Incomplete documentation
2. No proof of residential address
3. Unclear explanation of account purpose
4. Ignoring the bank’s compliance questions

Preparing in advance helps reduce processing time and avoid delays.

FAQ

Can I get a debit card without a residence permit?

Yes, in some cases this is possible, although the bank may request additional documentation.

Can I open an account in USD or EUR?

Yes. Most banks offer accounts in both USD and EUR.

Can I receive the card on the same day?

Often yes, provided that all documents are in order.

Is proof of income always required?

Not in every case, but the bank has the right to request supporting information.

Can the card be blocked?

Yes. A card may be blocked if transactions raise compliance concerns or violate the bank’s terms and conditions.

Conclusion

Getting a debit card in Yerevan is possible through any Armenian bank. The process is standardized: you submit the required documents, complete identification, and receive a card linked to an account in AMD, USD, or EUR, depending on your choice.

For Armenian citizens, the procedure typically requires a single visit to a branch.

For foreign citizens, additional questions may arise as part of the bank’s compliance checks. However, when documentation is clear and the purpose of account use is transparent, the process generally proceeds without complications.

Before applying, it is important to:

1. Decide which currency you need the account in
2. Review maintenance fees and withdrawal/transfer charges
3. Determine whether you plan to use the card for international transactions
4. Check whether online application is available

Even when card types appear similar, conditions vary between banks. Maintenance costs, transaction fees, supported currencies, and onboarding formats can significantly affect your overall expenses.

If you want to choose the most suitable option without unnecessary costs, compare banks through AFM. The platform provides a comprehensive overview of Armenian banks, with tariffs and conditions updated ежедневно by our team.

This allows you to select a card based on current, comparable data – not outdated or promotional information.