ArCa Gold | ardshinbank

ArCa Gold

The card is provided for the term of 2 years.

Card account may be opened in AMD.

It is the most affordable variant from premium class cards. It may be applied only in local market.

The cardholder has a chance to use free SMS information service, as well as high interest rate calculated for positive balance available on the card account.

For more details visit

The Management Board decision N  01/047-302 Լ  dated 07.07.2023

N

ArCa Gold

AMD

1.General commission fees

1.1

Card provision (issue)****** 

free of charge

1.2 Card provision (issue)****** receiving additional services**********  7000 AMD

1.3

Card service fee, if as of the end of the last calendar month the average daily balance of the card is above 150000 AMD

free of charge

1.4

Card service fee, if as of the end of the last calendar month the average daily balance of the card is less 150000 AMD**

1500 AMD per month 

1.5

Minimum card account balance

-

1.6

Attached card service fee

700 AMD per month 

1.7

Cash withdrawal fees***

 

 

  • via ATMs of the Bank and ACBA Bank

0% for transactions up to 100000 AMD per day and 0.5% for a transaction over 100000 AMD and the following transactions 

 

  • via cash terminals of the Bank

1.0%

 

  • via ATMs of other banks – members of ARCA system

0% for transactions up to 100000 AMD per day and 1% for a transaction over 100000 AMD and the following transactions 

 

  • via cash terminals of other banks – members of ARCA system

1,5% min 1500 AMD

 

  • in case of closing the payment card and the card account ((also applicable in case of closing the card and the card account)

According to tariffs of cash transactions for individuals

1.8

Fee for crediting the card account

 

 

  • up to 200000 AMD via the Bank’s cash-desk in branches equipped with bank kiosks****

1% min 100 AMD

 

  • up to 200000 AMD via the Bank’s cash-desk in branches not equipped with bank kiosks   

0.5% min 100 AMD

 

  • above 200000 AMD

free of charge

 

  • Card account replenishment via non-cash transfer 

According to the bank transfers and payments tariffs and terms for individuals

 

  • Card account replenishment via ATMs of banks serviced by ARCA Processing Center  (Cash-in)

1%

 

  • Card account replenishment via ATMs of banks not serviced by ARCA Processing Center  (Cash-in)

1,5%

1.9

Annual simple (nominal) interest rate calculated to the card account balance*

 

 

  • As of the end of day the balance is above or equal to 5,000,000 AMD

2%

 

  • As of the end of day the balance is less 5,000,000 AMD

0%

1.10

Fee for non-cash payment for goods and services

0%

1.11

Cash-back

-

2.Card loss, re-issue and closing

  1. 1

Blocking of the card in the Bank's authorization system

free of charge

  1. 2

Blocking of the card in the Bank's authorization system and registering in the Stop-list

service is unavailable

  1. 3

Re-issuance of card based on the client’s application

2000 AMD

  1. 4

Emergency cash disbursement if the card is lost abroad

service is unavailable

  1. 5

Emergency temporary re-issuance abroad 

service is unavailable

  1. 6

Unblocking of the card in the Bank’s authorization system for entering incorrect PIN

1000 AMD

  1. 7

Closing of the payment card and account based on the card-holder’s application

free of charge

3.Penalties and charges

  1. 1

Penalty for card account overdraft

48% per annum

4.Transfers

  1. 1

Card-to-card transfers to the Bank’s card

0.30%

  1. 2

Card-to-card transfers to the cards of other banks-members of ARCA system

0.50%

  1. 3

Card-to-card transfers to the cards of other banks- not members of ARCA system

1% min 500 AMD

  1. 4

Transfers from the card account

According to the bank transfers and payments tariffs and terms for individuals (in case of closing the payment card and account, intra-bank and interbank transfers to the RA banks are made free of charge)

5.Other commission fees

  1. 1

Photo imprint

service is unavailable

  1. 2

Provision and re-issue of Priority Pass card

service is unavailable

  1. 3

Access to the Priority Pass service network 

service is unavailable

  1. 4

Delivery of SMS for authorizations, one-time PIN code and secret code for online transactions

15 AMD

  1. 5

Provision of statements and certificates***

According to tariffs and conditions of opening and service of bank accounts of individuals

6.Authorization limits

  1. 1

Daily cash withdrawal limit

1500000 AMD

  1. 2

Number of daily cash withdrawals

5

  1. 3

Daily noncash transaction limit

3000000 AMD

  1. 4

Number of daily noncash transactions

10

  1. 5

Maximum limit for daily card-to-card transactions to cards issued by ArCa CJSC

2500000 AMD

  1. 6

Number of daily card-to-card transactions to cards issued by ArCa CJSC

5

  1. 7

Maximum limit for daily card-to-card transactions to cards not issued by ArCa CJSC

1000000 AMD

  1. 8

Number of daily card-to-card transactions to cards not issued by ArCa CJSC

3

  1. 9

Maximum limit for weekly card-to-card transactions to cards issued by ArCa CJSC

5000000 AMD

  1. 10

Number of  weekly card-to-card transactions to cards issued by ArCa CJSC

10

  1. 11

Maximum limit for weekly card-to-card transactions to cards not issued by ArCa CJSC

2500000 AMD

  1. 12

Number of weekly card-to-card transactions to cards not issued by ArCa CJSC

5

  1. 13

Maximum limit for monthly card-to-card transactions to cards issued by ArCa CJSC

7500000 AMD

  1. 14

Number of monthly card-to-card transactions to cards issued by ArCa CJSC

20

  1. 15

Maximum limit for monthly card-to-card transactions to cards not issued by ArCa CJSC

4000000 AMD

  1. 16

Number of monthly card-to-card transactions to cards not issued by ArCa CJSC

10

7.Provision conditions

  1. 1

The basic payment card is issued to any individual over 14, who submits the relevant and valid documents. 

  1. 2

The payment card can be provided as an attached card to a cardholder who has a local premium debit (settlement) card in the Bank and has submitted appropriate and valid documents specified in the List of documents required for debit card issuance.

Holder of the attached card may be any individual regardless of citizenship and age, including the basic card holder.

  1. 3

The payment card is provided to individuals having a registered residence address, an e-mail address and a mobile phone number in the Republic of Armenia or NKR.

  1. 4

The payment card is provided for 2 years. Payment card re-issuance is carried out for a new term in the cases defined by the Payment Cards Rules.

  1. 5

The payment card account is opened in one of the currencies specified in the tariffs.

  1. 6

Only one type payment card can be issued in the same currency.

  1. 7

The payment card is issued within 5 working days upon provision of proper and valid documents specified in the List. The payment card is activated in accordance with the Payment Cards Rules.

*Annual simple (nominal) interest rate is the tariff based annual interest rate, according to which the Bank calculates the interest payable to the Client.

For example: 1000 AMD * 5% = 50 AMD for 365 days

The annual percentage yield (APY) is the percentage that a person will receive as a result of a simple interest rate over the 365-day period of 1,000 drams and the interest capitalization and payment frequency.

The annual percentage yield of the deposit is the amount received from the calculation of interest payable at annual interest rate.

The procedure for calculation of annual percentage yield is defined by Regulation 8/02 of the Central Bank of Armenia "On calculation of annual percentage yield of bank deposits".

The Bank shall pay the interest to the Client's account quarterly. According to the RA law "On income tax”, the Bank acts as the tax agent of the depositor through collecting and transferring to the state budget the amount of payable income tax. 

**Documents and/or information with an expired maintenance term in accordance with the legislation of the Republic of Armenia shall not be provided to the Bank's clients.

***The new cash withdrawal system operates as follows:

The client can withdraw up to 100000 AMD per day via each ATM without paying a commission fee. For each transaction exceeding 100000 AMD, a commission fee is charged, which is set for the ATM where the transaction takes place. For example, the client withdraws 70000 AMD via ATM of another bank serviced by ArCa system, after which he withdraws 50000 AMD via ATM of Ardshinbank on the same day, and 30000 AMD via ATM of another bank serviced by ArCa system. In this case, the client will be charged 70000*0+50000*0.5%+30000*1%=550 AMD.

****In case or in the process of insolvency of the Bank's self-service devices (terminals) or inaccessibility of the service for replenishment of accounts and cards at the Bank via those terminals, as well as for the Bank branches (CSD) not furnished with such devices, the tariff is set 0 (zero) AMD.

****** An additional fee of AMD 50,000 is set if the Customer is identified remotely, without physically visiting the Bank for opening  an account, issuing or reissuing a card. In the case of providing several cards or accounts with remote identification to the customer on the same day, one additional payment is applied.

In addition to what is specified in these tariffs, additional service commissions may be applied by the servicing bank for cash withdrawal transactions.

*******  As part of additional services, payment card insurance is provided with an insurance amount of AMD 200,000 for a period of 1 year.

 

The Management Board decision N  01/073-434 Լ  dated 28.09.2023

 

N

ArCa Gold

AMD

1.General commission fees

1.1

Card provision (issue)****** 

free of charge

1.2 Card provision (issue)****** receiving additional services**********  7000 AMD

1.3

Card service fee, if as of the end of the last calendar month the average daily balance of the card is above 150000 AMD

free of charge

1.4

Card service fee, if as of the end of the last calendar month the average daily balance of the card is less 150000 AMD**

1500 AMD per month 

1.5

Minimum card account balance

-

1.6

Attached card service fee

700 AMD per month 

1.7

Cash withdrawal fees***

 

 

  • via ATMs of the Bank and ACBA Bank

0% for transactions up to 100000 AMD per day and 0.5% for a transaction over 100000 AMD and the following transactions 

 

  • via cash terminals of the Bank

1.0%

 

  • via ATMs of other banks – members of ARCA system

0% for transactions up to 100000 AMD per day and 1% for a transaction over 100000 AMD and the following transactions 

 

  • via cash terminals of other banks – members of ARCA system

1,5% min 1500 AMD

 

  • in case of closing the payment card and the card account ((also applicable in case of closing the card and the card account)

According to tariffs of cash transactions for individuals

1.8

Fee for crediting the card account

 

 

  • up to 200000 AMD via the Bank’s cash-desk in branches equipped with bank kiosks****

1% min 100 AMD

 

  • up to 200000 AMD via the Bank’s cash-desk in branches not equipped with bank kiosks   

0.5% min 100 AMD

 

  • above 200000 AMD

free of charge

 

  • Card account replenishment via non-cash transfer 

According to the bank transfers and payments tariffs and terms for individuals

 

  • Card account replenishment via ATMs of banks serviced by ARCA Processing Center  (Cash-in)

1%

 

  • Card account replenishment via ATMs of banks not serviced by ARCA Processing Center  (Cash-in)

1,5%

1.9

Annual simple (nominal) interest rate calculated to the card account balance*

 

 

  • As of the end of day the balance is above or equal to 5,000,000 AMD

2%

 

  • As of the end of day the balance is less 5,000,000 AMD

0%

1.10

Fee for non-cash payment for goods and services

0%

1.11

Cash-back

-

2.Card loss, re-issue and closing

  1. 1

Blocking of the card in the Bank's authorization system

free of charge

  1. 2

Blocking of the card in the Bank's authorization system and registering in the Stop-list

service is unavailable

  1. 3

Re-issuance of card based on the client’s application

2000 AMD

  1. 4

Emergency cash disbursement if the card is lost abroad

service is unavailable

  1. 5

Emergency temporary re-issuance abroad 

service is unavailable

  1. 6

Unblocking of the card in the Bank’s authorization system for entering incorrect PIN

1000 AMD

  1. 7

Closing of the payment card and account based on the card-holder’s application

free of charge

3.Penalties and charges

  1. 1

Penalty for card account overdraft

48% per annum

4.Transfers

  1. 1

Card-to-card transfers to the Bank’s card

0.30%

  1. 2

Card-to-card transfers to the cards of other banks-members of ARCA system

0.50%

  1. 3

Card-to-card transfers to the cards of other banks- not members of ARCA system

1% min 500 AMD

  1. 4

Transfers from the card account

According to the bank transfers and payments tariffs and terms for individuals (in case of closing the payment card and account, intra-bank and interbank transfers to the RA banks are made free of charge)

5.Other commission fees

  1. 1

Photo imprint

service is unavailable

  1. 2

Provision and re-issue of Priority Pass card

service is unavailable

  1. 3

Access to the Priority Pass service network 

service is unavailable

  1. 4

Delivery of SMS for authorizations, one-time PIN code and secret code for online transactions

15 AMD

  1. 5

Provision of statements and certificates***

According to tariffs and conditions of opening and service of bank accounts of individuals

6.Authorization limits

  1. 1

Daily cash withdrawal limit

1500000 AMD

  1. 2

Number of daily cash withdrawals

5

  1. 3

Daily noncash transaction limit

3000000 AMD

  1. 4

Number of daily noncash transactions

10

  1. 5

Maximum limit for daily card-to-card transactions to cards issued by ArCa CJSC

2500000 AMD

  1. 6

Number of daily card-to-card transactions to cards issued by ArCa CJSC

5

  1. 7

Maximum limit for daily card-to-card transactions to cards not issued by ArCa CJSC

1000000 AMD

  1. 8

Number of daily card-to-card transactions to cards not issued by ArCa CJSC

3

  1. 9

Maximum limit for weekly card-to-card transactions to cards issued by ArCa CJSC

5000000 AMD

  1. 10

Number of  weekly card-to-card transactions to cards issued by ArCa CJSC

10

  1. 11

Maximum limit for weekly card-to-card transactions to cards not issued by ArCa CJSC

2500000 AMD

  1. 12

Number of weekly card-to-card transactions to cards not issued by ArCa CJSC

5

  1. 13

Maximum limit for monthly card-to-card transactions to cards issued by ArCa CJSC

7500000 AMD

  1. 14

Number of monthly card-to-card transactions to cards issued by ArCa CJSC

20

  1. 15

Maximum limit for monthly card-to-card transactions to cards not issued by ArCa CJSC

4000000 AMD

  1. 16

Number of monthly card-to-card transactions to cards not issued by ArCa CJSC

10

7.Provision conditions

  1. 1

The basic payment card is issued to any individual over 14, who submits the relevant and valid documents. 

  1. 2

The payment card can be provided as an attached card to a cardholder who has a local premium debit (settlement) card in the Bank and has submitted appropriate and valid documents specified in the List of documents required for debit card issuance.

Holder of the attached card may be any individual regardless of citizenship and age, including the basic card holder.

  1. 3

The payment card is provided to individuals having a registered residence address, an e-mail address and a mobile phone number in the Republic of Armenia or NKR.

  1. 4

The payment card is provided for 2 years. Payment card re-issuance is carried out for a new term in the cases defined by the Payment Cards Rules.

  1. 5

The payment card account is opened in one of the currencies specified in the tariffs.

  1. 6

Only one type payment card can be issued in the same currency.

  1. 7

The payment card is issued within 5 working days upon provision of proper and valid documents specified in the List. The payment card is activated in accordance with the Payment Cards Rules.

*Annual simple (nominal) interest rate is the tariff based annual interest rate, according to which the Bank calculates the interest payable to the Client.

For example: 1000 AMD * 5% = 50 AMD for 365 days

The annual percentage yield (APY) is the percentage that a person will receive as a result of a simple interest rate over the 365-day period of 1,000 drams and the interest capitalization and payment frequency.

The annual percentage yield of the deposit is the amount received from the calculation of interest payable at annual interest rate.

The procedure for calculation of annual percentage yield is defined by Regulation 8/02 of the Central Bank of Armenia "On calculation of annual percentage yield of bank deposits".

The Bank shall pay the interest to the Client's account quarterly. According to the RA law "On income tax”, the Bank acts as the tax agent of the depositor through collecting and transferring to the state budget the amount of payable income tax. 

**Documents and/or information with an expired maintenance term in accordance with the legislation of the Republic of Armenia shall not be provided to the Bank's clients.

***The new cash withdrawal system operates as follows:

The client can withdraw up to 100000 AMD per day via each ATM without paying a commission fee. For each transaction exceeding 100000 AMD, a commission fee is charged, which is set for the ATM where the transaction takes place. For example, the client withdraws 70000 AMD via ATM of another bank serviced by ArCa system, after which he withdraws 50000 AMD via ATM of Ardshinbank on the same day, and 30000 AMD via ATM of another bank serviced by ArCa system. In this case, the client will be charged 70000*0+50000*0.5%+30000*1%=550 AMD.

****In case or in the process of insolvency of the Bank's self-service devices (terminals) or inaccessibility of the service for replenishment of accounts and cards at the Bank via those terminals, as well as for the Bank branches (CSD) not furnished with such devices, the tariff is set 0 (zero) AMD.

****** An additional fee of AMD 50,000 is set if the Customer is identified remotely, without physically visiting the Bank for opening  an account, issuing or reissuing a card. In the case of providing several cards or accounts with remote identification to the customer on the same day, one additional payment is applied.

In addition to what is specified in these tariffs, additional service commissions may be applied by the servicing bank for cash withdrawal transactions.

*******  As part of additional services, payment card insurance is provided with an insurance amount of AMD 200,000 for a period of 1 year.

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