D - Package of wage and tariff conditions
Tariffs are applicable to cards already issued. New cards are not issued.
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D - Package of wage and tariff conditions |
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N |
Payment card type |
ArCa Classic |
Visa Classic /MasterCard Standard |
Visa Gold Debit |
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Payment card currency |
AMD |
AMD |
AMD |
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1.1. |
Card provision (issue)********* |
free |
free |
free |
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1.2. |
Card provision (issue)********* for additional services*********** |
7000 AMD |
7000 AMD |
7000 AMD |
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1.3. |
Card service fee |
300 AMD per month |
300 AMD per month |
2000 AMD per month |
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1.4. |
Card account minimum balance |
0 AMD |
0 AMD |
0 AMD |
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1.5. |
Attached card monthly service fee |
200 AMD |
200 AMD |
1500 AMD |
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1.6. |
Cash withdrawal fees*** |
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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 transactions over 100000 AMD and the following transactions |
0% for transactions up to 100000 AMD per day and 0.5% for transactions over 100000 AMD and the following transactions |
0% for transactions up to 100000 AMD per day and 0.5% for transactions over 100000 AMD and the following transactions |
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1.6.2 |
- via ATMs of the Bank and ACBA Bank by tokenized cards |
0,5% |
0,5% |
0,5% |
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1.6.3 |
- via cash terminals of the Bank |
1% |
1% |
1% |
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1.6.4 |
- via ATMs of other banks – members of ARCA system by cards |
0% for transactions up to 100000 AMD per day and 1.0% for transactions over 100000 AMD and the following transactions |
0% for transactions up to 100000 AMD per day and 1.0% for transactions over 100000 AMD and the following transactions |
0% for transactions up to 100000 AMD per day and 1.0% for transactions over 100000 AMD and the following transactions |
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1.6.5 |
- via ATMs of other banks – members of ARCA system, except for the banks that have connected to the Arca processing center through their own processing: Unibank, Inecobank, AMIO BANK, by tokenized cards |
1% |
1% |
1% |
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1.6.6 |
- via cash terminals of other banks |
1% min 1500 AMD |
1% min 1500 AMD |
1% min 1500 AMD |
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1.6.7 |
- via ATMs of other banks |
1,5% min 1500 AMD |
1,5% min 1500 AMD |
1,5% min 1500 AMD |
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1.6.8 |
- via cash-desks of the Bank without presenting the card |
for transactions up to 5000000 AMD inclusive per day - 0%, above 5000000 AMD - according to tariffs of cash transactions of individuals |
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1.7. |
Fee for crediting the card account |
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- up to 200 000 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 |
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- above 200 000 AMD (or equivalent currency) |
free |
free |
free |
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- Card account replenishment via non-cash transfer |
According to the bank transfers and payments tariffs and terms for individuals |
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- Card account replenishment via ATMs of banks serviced by ARCA Processing Center (Cash-in) |
1% |
1% |
1% |
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- Card account replenishment via ATMs of banks not serviced by ARCA Processing Center (Cash-in) |
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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- As of the end of day the balance is above or equal to 5,000,000 AMD |
2% |
2% |
3% |
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- As of the end of day the balance is less 5,000,000 AMD |
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% |
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1.10. |
Cash-back |
- |
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*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.
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 operated 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 a card re-issuance application.
********* An additional fee of AMD 50,000 is set if the client 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 cards issued since 01.11.2022.
*********** As part of additional services, payment card insurance is provided with an insurance amount of AMD 200000 for a period of 1 year.
9 Messages are immediately available on devices connected to the internet; otherwise, the messages can be received after the device is connected to the internet — in the case of Viber, no later than within 24 hours, and in the case of a Push notification, at any time.
In addition to what is specified in these tariffs, additional service commissions may be applied by the servicing bank for cash withdrawal transactions.