Converse Bank: packages, cards and terms for non-residents

## About the bank

Converse Bank was founded in 1993 and operates as one of Armenia's larger private banks: in a 2024 review of the country's banks it ranked sixth. Its website is available in Armenian, Russian and English.

## Account for non-residents

The bank's website has no section for non-residents, so the terms for a foreigner to open an account and any remote procedure must be confirmed with the bank. Ask a manager specific questions:

• whether a visit in person is needed or video identification is possible;
• whether a Russian passport is accepted without a notarised Armenian translation;
• which documents confirm your address and source of funds;
• which tariffs apply to non-residents.

For comparison, Ameriabank describes its remote procedure in detail, while Araratbank requires a notarised passport translation.

## Cards and payments

The bank issues cards, among which the products of the ArCa payment system with 2% cashback and the C360 service packages stand out. Specific card products and their tariffs are on the bank's page; there is no consolidated information for non-residents. The bank does not state that it supports Mir: only VTB (Armenia) is confirmed to accept it.

If you need a card for payments abroad, look at Visa, Mastercard or UnionPay. UnionPay cards are issued, for example, by Acba Bank and Evocabank.

## Tariffs and limits

Tariffs are published on the bank's website. If you plan to travel to Armenia specifically to open an account, first get confirmation by email or through the contact centre that the bank works with foreigners from your country.

## What to ask about packages and cashback

The C360 packages and 2% cashback on ArCa cards are mentioned on the website as the main offers for individuals. Before applying, find out:

• what the C360 package includes and how much it costs per month;
• which categories and what limits the 2% cashback covers;
• whether these terms are available to foreigners without an Armenian social security number;
• whether the bank issues Visa and Mastercard cards to non-residents, and in which currencies.

It is best to get the answers in writing: tariffs and promotions change, and non-residents often have separate tariffs.

## Who it suits

• Residents of Armenia who want a private bank with a package approach.
• Those looking for an ArCa card with cashback for payments inside the country.
• Non-residents prepared to clarify the terms in advance and visit a branch.

If you need a proven remote procedure or a Mir card, look at other banks in the ranking.