Evocabank offers to open unallocated metal accounts designed for cashless gold accounting. These accounts allow for savings in cashless gold and the possibility to increase them due to rising gold prices in international markets.
Main Conditions
- Accounts are opened for both resident and non-resident clients, only with gold of 999.9 purity, without a minimum balance requirement. You can purchase cashless gold starting from 31 grams (gold pricing is done per gram). Daily data on gold pricing is published on our website and changes according to international market prices.
- Cashless gold in the accounts is recorded in drams at the calculation price announced by the Central Bank of Armenia, with a precision of 0.01 grams or in troy ounces with a precision of 0.001 troy ounces.
- When opening metal accounts, we follow the legislation of Armenia and the normative acts of the Central Bank of Armenia.
- With these accounts, we can perform the following operations:
- account replenishment by purchasing cashless gold from the bank and crediting it to the account,
- account withdrawal by selling the existing cashless gold to the bank.
- Metal accounts can be pledged.
- Required documents for opening an account:
- Application according to our template;
- Passport and social card or only identification card;
At Evocabank, you can also obtain loans secured by gold under the most favorable conditions.
