Visa Individual | ardshinbank

Visa Individual

The card is issued for 5 years.
The card account can be opened in AMD, USD, EUR.
 
Special and exclusive offer in the Armenian banking market - you can choose the appearance of your payment card, making it unique.
 
Use the following features of the card:
 
  1. To preserve memories through the depiction of pictures of people dear to you and animals, places of interest, recreation and places of entertainment. Refresh your memory each time you use the card.
  2. To order a card attached to your main account. Choose the look and the limit of use and give the card to your relatives.
  3. To provide salary cards with employees with company logos or activities as part of the payroll project.
Choose the unique look for your organization's employee cards.

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

N

Visa Individual

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, if as of the end of the last calendar month the average daily balance of the card is above 100000 AMD

free of charge

free of charge

free of charge

  1. 3

Card service fee, if as of the end of the last calendar month the average daily balance of the card is less 100000 AMD

700 AMD per month

700 AMD per month

700 AMD per month

  1. 4

Minimum card account balance

0 AMD

0 AMD

0 AMD

  1. 5

Attached card annual service fee

500 AMD per month

500 AMD per month

500 AMD per month

  1. 6

Cash withdrawal fees****

 

 

 

1.6.1

  • via ATMs of the Bank and ACBA Bank by cards

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

0% for transactions equivalent to 200  USD  per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 0.5% for transactions over 200 USD (calculated on the same basis) and the following transactions

0% for transactions equivalent to 200 EUR per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 0.5% for transactions over 200 EUR (calculated on the same basis) and the following transactions 

1.6.2

  • 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

1.6.3

  • via cash terminals of the Bank

1%

1%

1%

1.6.4

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

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

0% for transactions equivalent to 200  USD  per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 1% for transactions over 200 USD (calculated on the same basis) and the following transactions

0% for transactions equivalent to 200 EUR per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 1% for transactions over 200 EUR (calculated on the same basis) and the following transactions 

1.6.5

  • via ATMs 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

1.6.6

  • via ATMs of other banks by cards

0% for transactions up to 100000 AMD per day and 1.5% min 1500 AMD for a transaction over 100000 AMD and the following transactions 

0% for transactions equivalent to 200  USD  per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 1.5% min 1500 AMD for transactions over 200 USD (calculated on the same basis) and the following transactions

0% for transactions equivalent to 200 EUR per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 1.5% min 1500 AMD for transactions over 200 EUR (calculated on the same basis) and the following transactions 

1.6.7

  • in case of closing the payment card and the card account (not applicable in case of closing the card and the card account)

According to tariffs of cash transactions for individuals

1.6.8

  • closing of the payment card and the card account

free of charge

free of charge

free of charge

  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

 

  • 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. 8

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. 9

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

0%

0%

0%

  1. 10

Cash-back

-

2.Card loss, re-issue and closing

  1. 1

Blocking of the card in the Bank's authorization system

free of charge

free of charge

free of charge

  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

5000 AMD

5000 AMD

5000 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

3.Penalties and charges

  1. 1

Penalty for card account overdraft

48% per annum

48% per annum

48% per annum

4.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

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. 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

Provision of payment ring******

125000 AMD

  1. 2

Participation in the Bank's Discount Club

free of charge

free of charge

free of charge

  1. 3

Provision 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, one-time PIN code and secret code for online transactions

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

6.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

1000000 AMD

2000 USD

2000 EUR

  1. 4

Number of daily noncash transactions

10

10

10

  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

7.Provision conditions

  1. 1

The basic payment card is issued to any individual over 14, who submits the relevant and valid documents (passport or ID card or birth certificate for minors aged from 14 to 16).

The payment card is provided to an individual of another country, if the latter is:

- an employee of the organization cooperating with the Bank under the salary project, and the card is issued as a salary card;

- an employee of the embassy or consular office of a foreign state in the Republic of Armenia;

- an employee of a company licensed by the Central Bank of Armenia;

- a head of the first top 1000 taxpayer organizations  published recently;

  • - has placed at least 4 mln AMD or equivalent foreign currency with the Bank for a period of 1 month or above.
  1. 2

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

  1. 3

The attached card is provided 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. 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

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

  1. 6

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.

           

*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.

****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.

If the client uses an ATM not serviced by ArCa system, the transaction logically participates in the above-mentioned calculation as of the day of transaction settlement through ArCa processing company.

******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.

 

 

 

Content for comparison

Page Updated on Thu, 2022-07-14 12:25
Developed by Studio One