Profitable Promotions in Armenian Banks in October 2025

In October 2025, Armenian banks introduced several promotional offers for their new and existing clients. These include beneficial cards with no service fees, cashback for travel and daily expenses, bonuses for students, as well as high-yield deposits.

We have gathered all the current offers and analyzed their advantages compared to previous terms. If you are interested in other offers, on AFM you can compare bank offers, loans, deposits, and other banking products yourself and choose the most profitable one for you.

What promotions are valid in October 2025?

1. Visa Digital by Fast Bank

A new, fully digital card launched in autumn 2025. It can be issued online in just a few minutes and used for both daily transactions and savings, with an annual yield of up to 5%.

The card is free to open, has no service fees, and is available in four currencies: dram, dollar, euro, and ruble. It combines the functions of a debit card and a savings account, connects to Apple Pay and Google Pay, and is also suitable for non-residents – it can be issued from anywhere in the world if you are a bank client.

What to consider: Visa Digital does not offer welcome bonuses or cashback, but it compensates for this with interest on the balance. There is no physical card, but for those accustomed to digital solutions, this is more of a convenience than a limitation.

Fast Bank has taken a step towards fully digital banking: it has eliminated commissions, added a savings function and multi-currency support, making Visa Digital a modern and flexible tool for everyday finances.

2. Special Offer for Visa Student Card

A promotion for students, valid from September 1 to December 31, 2025. The bank offers a generous 5% cashback for non-cash payments in Armenia and abroad, free cash withdrawals from any ATM up to 100,000 drams per month, and 100% cashback for the first 10 trips on public transport. A welcome bonus of 5,000 drams is provided upon account opening.

This card is specifically designed for students: it combines several benefits, from free cash withdrawals to continuous cashback. The welcome bonus makes starting to use the card even more pleasant.

What is important to know: Cashback is accrued within a set limit of up to 10,000 drams per month, and participation in the promotion is only available to students – you need to confirm your student status. Nevertheless, compared to previous student cards without bonuses, this package has become noticeably more beneficial and modern.

3. Dollar Deposit from AMIO Bank with an Annual Interest Rate of up to 6%

One of the most profitable offers for foreign currency deposits in Armenia. Starting from July 2025, the bank offers a rate of up to 6% per annum for deposits placed for a period of 1 to 3 years. The minimum amount is from 100 dollars, and interest can be received monthly, quarterly, or at the end of the term. Upon opening a deposit, the client receives a free Visa or Mastercard.

The deposit is suitable for those looking for a stable income in foreign currency: the rate is above the market average, and the capitalization of interest allows you to increase your profit. A free card is an additional bonus to convenient service.

What to consider: The minimum deposit term is 1 year, and early withdrawal may result in the loss of interest. Nevertheless, compared to the previous terms of AMIO Bank – up to 5% per annum, the updated rate makes this deposit one of the most attractive among dollar offers on the market.

4. Free ArcaPay Transfers from Ameriabank

A promotion that allows clients to send money by phone number without a commission. From September 1 to December 31, 2025, transfers via the MyAmeria system are available free of charge between clients of the participating banks of the ArcaPay payment system, including Converse Bank, Evocabank, Ardshinbank, AMIO Bank, Byblos Bank Armenia, Artsakhbank, Armswissbank, and AraratBank.

Now it's easier to transfer money: you just need to know the recipient's phone number, without account details or additional data. This is a convenient and fast solution for everyday transfers, especially if your friends or relatives use different banks.

What is important to know: The promotion is only valid for Ameriabank clients and will last until the end of 2025. However, within its framework, the bank for the first time made interbank transfers by phone number free of charge – a step that significantly simplifies transactions and saves on commissions.

5. 5% Cashback for AMIO Bank Cardholders

A long-term promotion that started on July 1, 2025, and continues to this day. New clients who issue any bank card receive 5% cashback for online and non-cash purchases both in Armenia and abroad. The maximum return amount is up to 20,000 drams per month.

Both new and existing clients can participate if they do not yet have a card. Cashback is accrued monthly, which makes the promotion especially beneficial for those who actively use non-cash payments.

What to consider: The cashback amount is limited, and some operations, for example, transfers between cards or top-ups of electronic wallets, do not participate in the program. However, unlike the offers of other banks where cashback is only valid for certain categories, such as supermarkets or gas stations, at AMIO it is accrued for most purchases, which makes the promotion universal and simple.

Previously, cashback at AMIO Bank was only offered on premium cards, and now this advantage is available to all new clients.

Summary and Recommendations

October 2025 has been one of the most profitable months for clients of Armenian banks, as several promotions make the use of cards and deposits more beneficial. Banks are competing with bonuses, cashback offers, and rates, which means users have a chance to choose the optimal product for their needs.

What to choose for you:

1. For convenience and digital solutions – consider the Visa Digital from Fast Bank. This card, with no fees or physical plastic, combines the functions of a debit and savings account, accruing up to 5% per annum on the balance.
2. If you are a student – choose the Visa Student card. Its 5% cashback, free cash withdrawals, and a welcome bonus of 5,000 drams make it the best offer of the autumn.
3. If you want to earn in foreign currency – a deposit from AMIO Bank at 6% per annum will be an excellent solution. The rate is above the market average, and you can receive interest regularly.
4. If you frequently transfer money to friends and family – the ArcaPay promotion from Ameriabank allows you to make transfers by phone number without a commission until the end of the year.
5. If you actively pay for online purchases – take advantage of the 5% cashback on AMIO Bank cards. This offer is ongoing and is also suitable for new clients.

Overall, in 2025, Armenian banks are focusing on digital products, simplicity, and real benefits for users. Use this period to update your card, open a deposit, or connect to a new offer.

Tips from AFM:

1. Compare terms not only by rates and cashback but also by the duration of promotions.
2. Check the limits and categories for which bonuses are accrued.
3. Choose products that match your habits—this way, the benefit will be maximized.

Select suitable promotions and financial products on AFM – compare the offers of Armenian banks and find what truly works in your favor.