The Management Board decision N 01/047-302 Լ dated 07.07.2023
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N |
Visa Classic |
AMD |
USD |
EUR |
CNY |
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1.General commission fees |
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1.1 |
Card provision (issue)******* |
free of charge |
free of charge |
free of charge |
free of charge |
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| 1.2 | Card provision (issue)********** receiving additional services*********** | 7000 AMD | 7000 AMD | 7000 AMD | 7000 AMD | ||
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1.3 |
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 |
free of charge |
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1.4 |
Card service fee, if as of the end of the last calendar month the average daily balance of the card is less 100000 AMD** |
400 AMD per month |
400 AMD per month |
400 AMD per month |
400 AMD per month |
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1.5 |
Attached card service fee |
200 AMD per month |
200 AMD per month |
200 AMD per month |
200 AMD per month |
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1.6 |
Cash withdrawal fees***** |
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1.6.1 |
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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 |
0% for transactions equivalent to 1500 CNY per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 0.5% for transactions over 1500 CNY (calculated on the same basis) and the following transactions |
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1.6.2 |
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1,5% min 1500 AMD |
1,5% min 1500 AMD |
1,5% min 1500 AMD |
1,5% min 1500 AMD |
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1.6.3 |
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1% |
1% |
1% |
1% |
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1.6.4 |
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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 |
0% for transactions equivalent to 1500 CNY per day (calculated at the sell rate of the Bank as of the transaction settlement day) and 1% for transactions over 1500 CNY (calculated on the same basis) and the following transactions |
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1.6.5 |
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1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
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1.6.6 |
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1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
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1.6.7 |
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1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
1.5% min 1500 AMD |
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1.6.8 |
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According to tariffs of cash transactions for individuals |
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1.7 |
Fee for crediting the card account** |
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0.5% min 100 AMD |
0.5% min 100 AMD |
0.5% min 100 AMD |
0.5% min 100 AMD |
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free of charge |
free of charge |
free of charge |
free of charge |
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According to the bank transfers and payments tariffs and terms for individuals |
According to the bank transfers and payments tariffs and terms for individuals |
According to the bank transfers and payments tariffs and terms for individuals |
According to the bank transfers and payments tariffs and terms for individuals |
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1% |
1% |
1% |
1% |
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1,5% |
1,5% |
1,5% |
1,5% |
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1.8 |
Annual simple (nominal) interest rate calculated to the card account balance*** |
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2% |
0.5% |
0.1% |
0.1% |
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0% |
0% |
0% |
0% |
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1.9 |
Fee for non-cash payment for goods and services by cards via payment terminals |
0% |
0% |
0% |
0% |
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1.10 |
Cash-back |
- |
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2.Card loss, re-issue and closing |
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Blocking of the card in the Bank's authorization system |
0 |
0 |
0 |
0 |
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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 |
15000 AMD for 2 weeks |
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Re-issuance of card based on the client’s application |
2000 AMD |
2000 AMD |
2000 AMD |
2000 AMD |
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Emergency cash disbursement if the card is lost abroad |
service is unavailable |
service is unavailable |
service is unavailable |
service is unavailable |
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Emergency temporary re-issuance abroad |
service is unavailable |
service is unavailable |
service is unavailable |
service is unavailable |
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Unblocking of the card in the Bank’s authorization system for entering incorrect PIN |
1000 AMD |
1000 AMD |
1000 AMD |
1000 AMD |
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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 |
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3.Penalties and charges |
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Penalty for card account overdraft |
48% per annum |
48% per annum |
48% per annum |
48% per annum |
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4.Transfers |
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Card-to-card transfers to the Bank’s card |
0.30% |
0.30% |
0.30% |
0.30% |
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Card-to-card transfers to the cards of other banks-members of ARCA system |
0.50% |
0.50% |
0.50% |
0.50% |
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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 |
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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) |
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5.Other commission fees |
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Provision of payment ring***** |
125000 AMD |
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Provision and re-issue of Priority Pass card |
service is unavailable |
service is unavailable |
service is unavailable |
service is unavailable |
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Access to the Priority Pass service network |
service is unavailable |
service is unavailable |
service is unavailable |
service is unavailable |
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Delivery of SMS for authorizations, one-time PIN code and secret code for online transactions |
15 AMD |
15 AMD |
15 AMD |
15 AMD |
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5.5 |
Regarding repayment of credit obligations |
free of charge |
free of charge |
free of charge |
free of charge |
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Provision of statements and certificates**** |
According to tariffs and conditions of opening and service of bank accounts of individuals |
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6.Authorization limits |
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Daily cash withdrawal limit |
500000 AMD |
1000 USD |
1000 EUR |
7000 CNY |
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Number of daily cash withdrawals |
5 |
5 |
5 |
5 |
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Daily noncash transaction limit |
1500000 AMD |
3000 USD |
3000 EUR |
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Number of daily noncash transactions |
30 |
30 |
30 |
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Maximum limit for daily card-to-card transactions to cards issued by ArCa CJSC |
2500000 AMD |
5000 USD |
4000 EUR |
25000 CNY |
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Number of daily card-to-card transactions to cards issued by ArCa CJSC |
5 |
5 |
5 |
5 |
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Maximum limit for daily card-to-card transactions to cards not issued by ArCa CJSC |
1000000 AMD |
2000 USD |
1700 EUR |
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Number of daily card-to-card transactions to cards not issued by ArCa CJSC |
3 |
3 |
3 |
3 |
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Maximum limit for weekly card-to-card transactions to cards issued by ArCa CJSC |
5000000 AMD |
10000 USD |
9000 EUR |
62000 CNY |
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Number of weekly card-to-card transactions to cards issued by ArCa CJSC |
10 |
10 |
10 |
10 |
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Maximum limit for weekly card-to-card transactions to cards not issued by ArCa CJSC |
2500000 AMD |
5000 USD |
4000 EUR |
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Number of weekly card-to-card transactions to cards not issued by ArCa CJSC |
5 |
5 |
5 |
5 |
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Maximum limit for monthly card-to-card transactions to cards issued by ArCa CJSC |
7500000 AMD |
15000 USD |
14000 EUR |
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Number of monthly card-to-card transactions to cards issued by ArCa CJSC |
20 |
20 |
20 |
20 |
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Maximum limit for monthly card-to-card transactions to cards not issued by ArCa CJSC |
4000000 AMD |
8000 USD |
7000 EUR |
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Number of monthly card-to-card transactions to cards not issued by ArCa CJSC |
10 |
10 |
10 |
10 |
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7.Provision conditions |
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The basic payment card is issued to any individual over 14, who submits the relevant and valid documents. |
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The payment card is provided to individuals having an e-mail address and a mobile phone number. |
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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. |
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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. |
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Only one type payment card can be issued in the same currency. |
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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. |
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*Payment card service fee is not charged for the first year in case of opening a term deposit in the amount of 1,000,000 AMD, 2,500 USD, 2,000 EUR or above, or in case of purchase of bank bonds in the same amount or above upon submission of valid documents for issuance of a debit (settlement) card.
**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.
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.
