O - Salary tariff package | ardshinbank

O - Salary tariff package

Starting on October 20, 2023, cards issued within the salary package O will be serviced according to the "Salary Tariff Package" rates.

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

 

N

Type of payment card

ArCa Classic

Visa Classic /MasterCard Standard

Visa Individual

Visa Gold Debit

MasterCard Black

 

Currency

AMD

AMD

AMD

AMD

AMD

  1. General commission fees
  1. 1

Card provision (issue)

free of charge

free of charge

free of charge

free of charge

free of charge

1. 2 Card provision (issue)****** receiving additional services*********  7000 AMD 7000 AMD 7000 AMD 7000 AMD 7000 AMD
  1. 3

Card service fee

0 AMD

0 AMD

400 AMD per month

1200 AMD per month

8000 AMD per month

  1. 4

Minimum card account balance

0 AMD

0 AMD

0 AMD

0 AMD

0 AMD

  1. 5

Attached card monthly service fee

200 AMD

200 AMD

400 AMD

1500 AMD

not provided as attached card

  1. 6

Cash withdrawal fees

 

 

 

 

 

 

  • via ATMs of the Bank and ACBA bank by cards

0%

0%

0%

0%

0%

 

  • via cash terminals of the Bank by cards

1%

1%

1%

1%

1%

 

  • via ATMs and cash terminals of other banks – members of ARCA system by cards

1%

1%

1%

1%

1%

 

  • via ATMs and cash terminals of other banks – members of ARCA system by digital cards

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

 

  • via ATMs and cash terminals of other banks  by cards and digital cards

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

 

  • via ATMs of the Bank and ACBA bank by digital cards

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

1% min 1500 AMD

 

  • via cash-desks of the Bank without presenting the card
for amounts up to 5’000’000 AMD RA / day inclusive: 0%, above 5000000 AMD - according to the terms of cash transactions for individuals
  1. 7

Fee for crediting the card account

 

 

 

 

 

 

 

  • up to 200000 AMD (or equivalent currency) via the Bank’s cash-desk*

0.5% min 100 AMD

0.5% min 100 AMD

0.5% min 100 AMD

0.5% min 100 AMD

0.5% min 100 AMD

 

 

  • above 200000 AMD (or equivalent currency)

free of charge

free of charge

free of charge

free of charge

free of charge

 

 

  • Card account replenishment through non-cash transfer 

free of charge

free of charge

free of charge

free of charge

free of charge

 

 

  • Card account replenishment via ATMs of banks-members of ARCA system (Cash-in)

1%

1%

1%

1%

 

1%

 

 

  • Card account replenishment via ATMs of other banks (Cash-in)

1.5%

1.5%

1.5%

1.5%

 

1.5%

 

  1. 8

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

 

 

 

 

 

 

 

  • As of the end of day the balance is above or equal 5.000.000 AMD

2%

2%

2%

3%

3%

 

 

  • As of the end of day the balance is less 5.000.000 AMD

0%

0%

0%

0%

0%

 

  1. 9

Fee for non-cash payment for goods and services by cards via payment terminals

0%

0%

0%

0%

 

0%

 

  1. 10

Cash-back

 

-

 

  1. Loss and re-issue
  1. 1

Blocking of the card in the Bank's authorization system

0

0

0

0

0

 

  1. 2

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

service is unavailable

15000 AMD for 2 weeks

15000 AMD for 2 weeks

15000 AMD for 2 weeks

15000 AMD for 2 weeks

 

  1. 3

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

2000 AMD

2000 AMD

2500 AMD

5000 AMD

15000 AMD

 

  1. 4

Emergency cash disbursement if the card is lost abroad

service is unavailable

service is unavailable

service is unavailable

free of charge

free of charge

 

  1. 5

Emergency temporary re-issuance abroad 

service is unavailable

service is unavailable

service is unavailable

free of charge

free of charge

 

  1. 6

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

1000 AMD

1000 AMD

1000 AMD

1000 AMD

1000 AMD

 

  1. 7

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

free of charge

free of charge

free of charge

free of charge

free of charge

 

  1. Penalties and charges
  1. 1

Penalty for card account overdraft

48% per annum

48% per annum

48% per annum

48% per annum

48% per annum

 

  1. Transfers
  1. 1

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

0.30%

0.30%

0.30%

0.30%

0.50%

 

  1. 2

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

0.50%

0.50%

0.50%

0.50%

0.50%

 

  1. 3

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

1% min 500 AMD

1% min 500 AMD

1% min 500 AMD

1% min 500 AMD

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 - free of charge)

  1. Other commission fees
  1. 1

Provision of payment ring*****

service is unavailable

125000 AMD only for Visa Classic cards

125000 AMD

125000 AMD

service is unavailable

 

  1. 2

Provision of Priority Pass card

service is unavailable

service is unavailable

service is unavailable

service is unavailable

free of charge

 

  1. 3

Access to the Priority Pass service network 

service is unavailable

service is unavailable

service is unavailable

service is unavailable

free of charge

 

  1. 4

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

15 AMD

15 AMD

15 AMD

free of charge

free of charge

 

  1. 5

Delivery of SMS on outstanding loan liabilities

free of charge

free of charge

free of charge

free of charge

free of charge

 

  1. 6

Provision of statements and certificates***

According to tariffs and terms of opening and servicing of bank accounts of individuals

  1. Authorization limits
  1. 1

Daily cash withdrawal limit

500000 AMD

500000 AMD

500000 AMD

1500000 AMD

5000000 AMD

 

  1. 2

Number of daily cash withdrawals

3

3

4

7

7

 

  1. 3

Daily noncash transaction limit

500000 AMD

500000 AMD

1000000 AMD

3000000 AMD

8000000 AMD

 

  1. 4

Number of daily noncash transactions

10

10

10

10

10

 

  1. 5

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

2500000 AMD

2500000 AMD

2500000 AMD

2500000 AMD

2500000 AMD

 

  1. 6

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

5

5

5

5

5

 

  1. 7

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

1000000 AMD

1000000 AMD

1000000 AMD

1000000 AMD

1000000 AMD

 

  1. 8

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

3

3

3

3

3

 

  1. 9

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

5000000 AMD

5000000 AMD

5000000 AMD

5000000 AMD

5000000 AMD

 

  1. 10

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

10

10

10

10

10

 

  1. 11

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

2500000 AMD

2500000 AMD

2500000 AMD

2500000 AMD

2500000 AMD

 

  1. 12

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

5

5

5

5

5

 

  1. 13

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

7500000 AMD

7500000 AMD

7500000 AMD

7500000 AMD

7500000 AMD

 

  1. 14

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

20

20

20

20

20

 

  1. 15

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

4000000 AMD

4000000 AMD

4000000 AMD

4000000 AMD

4000000 AMD

 

  1. 16

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

10

10

10

10

10

 

  1. Provision conditions
  1. 1
The basic chip contactless payment card (except for ArCA cards) is issued to an individual over 14 years of age who is a citizen of the Republic of Armenia, NKR or other country upon provision of proper and valid documents specified in the List of documents required for debit card issuance, and who is an employee of the company cooperating with the Bank under the salary project for this tariff package.
  1. 2

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

  1. 3

The payment cards are provided for 5 years, except for ArCA cards, which are provided for 1-5 years, and Mastercard Black cards, which are provided for 1-5 years, Payment card re-issuance is carried out for a new term in the cases defined by the Payment Cards Rules.

  1. 4

Visa Classic, Visa Gold Debit cards can be provided within 10 minutes after submitting the documents specified in the List of necessary documents. The cards are not personalized, are issued only in AMD for the term of 2 years. Otherwise, the payment card will be issued within 5 working days. The payment card is activated in accordance with the Payment Cards Rules.

  1. 5

Within the same salary project a maximum of 2 salary cards can be issued (through which salary is received) and a maximum of 2 salary accounts can be opened.

  1. 6

The tariff package is available for employees of the companies approved by the internal legal acts of the Bank.

7.6.1

  1. The tariff package is available for employees of the following companies:
  • Beeline
  • VivaCell
  • Ucom
  • Digitain
  • Bet Construct
  • "Agarak Copper-Molibdenum Combine" CJSC
  • "Rusal-Armenial" CJSC
  • "Jermuk Group" CJSC
  • "Upay" CJSC
  • "Grand Candy" LLC
  • "Grand Sport" LLC
  • "Grand Master" LLC
  • "Grand Dealing" LLC
  • "International Masis Tabak" LLC
  • "Masis Tobacco" LLC
  • "Softex" LLC
  • "AEG SErvice" LLC
  • "Transgaz" LLC
  • "Gazprom Armenia" CJSC
  • "Avtogaz" LLC
  • "Armavir Gazmash" LLC
  • "Armenian Nuclear Power Plant” CJSC
  • "Artsakhenergo" CJSC
  • "A. Spendiaryan Opera and Ballet National Academic Theatre" SNGO
  • "Haypost" CJSC

or

 

  1. to the companies, where the salary project contracts provide for a salary project service fee, the amount of which is determined by the Bank's internal legal acts.

In some cases, in accordance with the Bank's internal legal acts, the change of the list of companies mentioned in clause 1 is made upon agreement of RBD and FD.

 

*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.

**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.

*****Only one payment ring is provided with one card. When ordering a payment ring for an active card, it is necessary to submit an application for re-issuance of the card.

*******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.

********* Applicable for Mastercard Black and ArCa cards issued from 03.01.2023.

********* 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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Page Updated on Fri, 2023-10-13 10:49
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