Visa Electron | ardshinbank

Visa Electron

The card is provided for a period of 5 years.

The card account can be opened in AMD, USD and EUR.
 
The payment card is valid only in the territory of the Republic of Armenia and abroad. The card can be used for payments and cash withdrawals in more than 26 million shopping pionts and 7,000 ATMs.
 
Making payments without physical presentation of the card (not face to face), including in the Internet, is limited. The card has a high level of protection when making payments.

The Management Board decision N  01/051-309 Լ  dated 01.07.2022

 

Tariffs apply to already issued cards. No new cards are issued.

N

Visa Electron

AMD

USD

EUR

  1. General commission fees

1.1  

Card provision (issue)******

free of charge

free of charge

free of charge

1.2  

Card service fee*

200 AMD per month 

200 AMD per month 

200 AMD per month 

1.3  

Minimum card account balance

0 AMD

0 AMD

0 AMD

1.4  

Attached card service fee

100 AMD per month 

100 AMD per month 

100 AMD per month 

1.5  

Cash withdrawal fees

 

 

 

1.5.1

  • via ATMs of the Bank and ACBA bank

0.2%

0.2%

0.2%

1.5.2

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

1,5% min 1500 AMD

1,5% min 1500 AMD

1,5% min 1500 AMD

1.5.3

  • via cash terminals of the Bank

1%

1%

1%

1.5.4

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

1% 

1% 

1% 

1.5.5

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

1.5% min 1500 AMD

1.5% min 1500 AMD

1.5% min 1500 AMD

1.5.6

  • via ATMs nad cash terminals of other banks

1.5% min 1500 AMD

1.5% min 1500 AMD

1.5% min 1500 AMD

1.5.7

  • via cash-desks of the Bank without presenting the card (not applicable in case of closing the card and the card account)

According to tariffs of cash transactions for individuals

1.5.8

  • closing of the payment card and the card account

free of charge

free of charge

free of charge

1.6  

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

 

  • above 200000 AMD (or equivalent currency)

free of charge

free of charge

free of charge

 

  • Card account replenishment via non-cash transfer 

free of charge

free of charge

free of charge

 

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

1%

1%

1%

 

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

1,5%

1,5%

1,5%

1.7  

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 or 10000 USD/EUR

2%

0.5%

0.1%

 

  • As of the end of day the balance is less 5,000,000 AMD or 10000 USD/EUR

0%

0%

0%

1.8  

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

0%

0%

0%

  1. Card loss, re-issue and closing
  1. 1

Blocking of the card in the Bank's authorization system

0

0

0

  1. 2

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

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

1000 AMD

1000 AMD

1000 AMD

  1. 4

Emergency cash disbursement if the card is lost abroad

service is unavailable

service is unavailable

service is unavailable

  1. 5

Emergency temporary re-issuance abroad 

service is unavailable

service is unavailable

service is unavailable

  1. 6

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

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

  1. Penalties and charges
  1. 1

Penalty for card account overdraft

0.30% per day

0.30% per day

0.30% per day

  1. Transfers
  1. 1

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

0.30%

0.30%

0.30%

  1. 2

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

0.50%

0.50%

0.50%

  1. 3

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)

  1. Other commission fees
  1. 1

Photo imprint

service is unavailable

service is unavailable

service is unavailable

  1. 2

Participation in the Bank's Discount Club

free of charge

free of charge

free of charge

  1. 3

Provision and re-issue of Priority Pass card

service is unavailable

service is unavailable

service is unavailable

  1. 4

Access to the Priority Pass service network 

service is unavailable

service is unavailable

service is unavailable

  1. 5

Delivery of SMS for authorizations

15 AMD

15 AMD

15 AMD

  1. 6

Provision of statements and certificates****

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

  1. Authorization limits
  1. 1

Daily cash withdrawal limit

500.000 AMD

1000 USD

1000 EUR

  1. 2

Number of daily cash withdrawals

5

5

5

  1. 3

Daily noncash transaction limit

1.500.000 AMD

3000 USD

3000 EUR

  1. 4

Number of daily noncash transactions

30

30

30

  1. 5

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

2500000 AMD

5000 USD

4000 EUR

  1. 6

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

5

5

5

  1. 7

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

1000000 AMD

2000 USD

1700 EUR

  1. 8

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

3

3

3

  1. 9

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

5000000 AMD

10000 USD

9000 EUR

  1. 10

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

10

10

10

  1. 11

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

2500000 AMD

5000 USD

4000 EUR

  1. 12

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

5

5

5

  1. 13

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

7500000 AMD

15000 USD

14000 EUR

  1. 14

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

20

20

20

  1. 15

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

4000000 AMD

8000 USD

7000 EUR

  1. 16

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

10

10

10

  1. Provision conditions
  1. 1

The basic chip contactless payment card is issued to an adult individual upon provision of proper and valid documents specified in the List of documents required for debit card issuance.

  1. 2

The payment card specified in these tariffs can be provided as an attached card to a cardholder who has an international classic or 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 in the Republic of Armenia or NKR, having an e-mail address and a mobile phone number.

  1. 4

The payment card is provided for 5 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 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.

 

*Payment card service fee is not charged in case of a term deposit in the amount of 100.000 AMD, 200 USD, 200 EUR or above deposited in the Bank, or in case of submission of the documents defined by the list of documents required for the issuance of a Debit (settlement) card. Moreover, if the contract certifying the deposit is terminated or reduced by the amount specified in this clause, the Bank has the right to apply the tariffs specified in this tariff package.

**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.

******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.

 

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