Online Banking in Armenia: How to Connect and Use from Home

Paying utility bills, making transfers, opening deposits, or simply checking your card balance – all these can be done from the comfort of your home. Online banking in Armenia has become standard, and in 2025, it's convenient, secure, and simple to use.

In this article, you will get:

1. A step-by-step guide to connecting to internet banking
2. An overview of popular banks and their differences
3. A list of functions and potential fees
4. Tips to help you avoid unnecessary costs

And at the end – a useful conclusion and a practical checklist.

What is Online Banking and Why Do You Need It?

Online banking is a personal account where you manage your money through a website or mobile application. There's no need to go to the bank or call a hotline. Everything is just one click away.

You can:

1. Transfer money between your accounts or to another bank
2. Pay utility bills, fines, taxes
3. Open deposits or order cards
4. Receive notifications about account movements
5. Monitor your budget and view spending analytics
6. Buy currency online

Which Banks Offer Online Banking in Armenia?

Virtually all banks in Armenia offer online services. However, convenience, connection speed, and fees vary.

IDBank + Idram

One of the most advanced services. Everything can be done in one application – payments, transfers, account opening. Connection takes 5 minutes if you already have a card. Activation is via ATM or passport verification.

Pros: Free push notifications, high level of security, convenient expense analytics.

Cons: Some services are paid (e.g., monthly statement – from 500 AMD).

The app is also available on the App Store.

Ameriabank (myAmeria)

A functional internet banking system with the ability to manage accounts, applications, and investments. It can be activated remotely, but sometimes requires confirmation via call center or office for the first connection.

Pros: Wide range of functionalities, ability to open online deposits.

Cons: Some statements and archived documents are paid.

Evocabank

Smartphone-oriented: everything works via the Evo app. Convenient interface, fast operation, many reviews from small businesses.

Pros: Modern interface, PWA application, access to currency transfers.

Cons: Certain operations (e.g., interbank conversion) are only possible during business hours.

Converse Bank

Operates via Converse Online. Allows sending SWIFT transfers and managing multiple accounts.

Pros: Stable access, ability to link multiple companies.

Cons: Not the most user-friendly interface.

Ardshinbank, ACBA, Inecobank, Fast Bank, etc.

Each of these has mobile and web applications. Connection terms may differ, so before activating, it's worth checking:

1. Whether office verification is required
2. What fees are charged for transfers
3. What limits apply

Step-by-Step Guide: How to Connect to Online Banking in Armenia

1. Open a bank account.

If you're already a client, proceed to the next step. If not, open an account online or at an office. Many banks allow this to be done remotely.

2. Install the application or access internet banking.

Example: "IDBank" or "myAmeria" can be downloaded from the App Store or Google Play. For computers, visit the bank's website.

3. Complete registration.

Enter your phone number, the last digits of your card, and the SMS code. Some may require a photo of your passport or video identification.

4. Link your accounts.

Sometimes accounts are automatically pulled. In some cases, you'll need to manually add the IBAN.

5. Configure security.

Set a PIN, enable Face ID or fingerprint login, and activate two-factor authentication.

6. Connect notifications.

Push notifications are best: they're free. SMS can cost from 100 AMD per month.

What You Can Do in Online Banking

What to Pay Attention to Before Connecting

1. Fees. Some operations are paid – especially international transfers, statements, and SMS notifications.
2. Limits. Clarify how much you can transfer per day or per month.
3. Support speed. If the bank is slow to respond, that's a problem. Check reviews.
4. Security. Do not share your login details with anyone, and do not click on suspicious links.
5. Functionality availability. Not every bank allows you to buy currency online or open a deposit.

Tips from AFM

1. Enable push notifications instead of SMS – it's free and faster.
2. Use two banks. For example, IDBank for daily payments and Ameriabank for deposits and SWIFT.
3. Monitor currency exchange rates in the app. Some banks show the interbank rate – it's more favorable.
4. Check fees before making a transfer. The same transfer can cost differently at different banks.
5. Save payment templates. To avoid entering the same data every month.

FAQ

Is a bank visit required to connect to online banking?

In most cases, no. If you already have an account, activation is done online.

Can I transfer money abroad through online banking?

Yes. But check SWIFT fees and limits – they vary among banks.

How can I protect my account?

Use two-factor authentication, avoid connecting to public Wi-Fi, and regularly update the application.

How much do transaction notifications cost?

Push – free. SMS – most often paid (from 10 AMD per message).

What should I do if the bank debited money without my knowledge?

Contact technical support immediately. All banks in Armenia have a system for disputing and refunding funds.

Conclusion

Online banking in Armenia is no longer a privilege, but a convenient standard. You can connect to internet banking in 10 minutes, manage money from any city, and save on fees. The main thing is to choose a bank that suits your lifestyle and carefully review the terms.

Use applications wisely:

1. Set limits
2. Enable notifications
3. Monitor tariffs
4. Compare banks using AFM

The AFM service will help you choose a bank with the most favorable conditions: compare fees, limits, find free options, and complete everything online. It's convenient, transparent, and saves you money.

If the article was helpful, share the link with friends. And if you want to choose the best bank for yourself, just go to AFM and use the filters.