Visa ELECTRON
Affordable for everyone
You can get the funds available on your account in any place, at encashment points with Visa ELECTRON sign and make non-cash purchases at trade centres and in the internet environment.
Tariffs for Visa Electron
| Service Type | Visa ELECTRON |
|---|---|
| Card Issue | 0 |
| Additional*/atatched** card issue | 1 500 AMD |
| Incase of annual payment1 | 2 500 AMD |
| Merchant transactions2 | 0 |
| Cash withdrawal at Bank POS-terminals and ATMs | AMD 0.2 % / Foreign exchange 0.3% |
| Cash withdrawal at POS-terminals and ATMs of other ArCa system banks | 1% |
| Cash withdrawal at POS-terminals and ATMs of other banks, which are out of ArCa system | 1%, min 1 500 AMD |
| Paying cash to the card account via ATMs of other banks, members of ArCa system | 0,6% |
| Paying cash to the card account via ATMs of the Bank | 0,2% |
| Replenishing account holder’s current/savings/card account via payment terminal |
|
| Maximum daily limit of encashment transaction |
|
| Maximum limit of one encashment transaction only from ATMs | 500 000 AMD |
| Maximum daily number of encashment transactions | 10 |
| % accrued on the balance of the card account /annual/ | 0 |
| "Provision of a statement from the card account with the frequency set by the legislation of the RA /once/" | 0 |
| "Provision of an additional statement from the card account above the frequency set by the legislation of the RA" | 1 000 AMD |
| Penalty for exceeding the payment limits | At 0.13% of the excess amount, for each day of delay |
| Card and PIN code reissue in case of lost/stolen/damaged card | 2 000 AMD |
| Card and PIN code same-day reissue in case with lost/stolen/damaged card | 3 000 AMD |
| Transfer of cash from card in case of card loss outside Armenia | 5% of the amount |
| Unjustified chargeback request | 5 000 AMD |
| Card to card transfers | 0.5% |
| SMS messages to cardholders on receipt and withdrawal on card accounts VAT include |
|
| Card unblocking fee | 500 AMD |
| Providing medical insurance during trips to foreign countries | According to tariffs of insuranec companies |
| Closing the card account | In case of not using the balance on a closed card account within three months, AMD 1,000 will be charged for each year /if the balance is less than AMD 1,000, the entire balance amount will be charged and the account will be closed/ |
1 The service fee is charged at the moment of issuing the card, for the entire year. In case of early termination of the agreement, the service fee is not subject to refund.
2 For transactions at cash withdrawal terminals, ATMs, trade and service centers that operate beyond ArCa system, in a currency other than the currency of the Bank’s Visa type cards, the Bank charges 2% commission fee for foreign currency exchange. Exceptions are transactions in USD and Euro.
3 The application submitted by the customer to the Bank is considered to be groundless, if it contains information not corresponding to reality.
4 The interest is calculated to the latest positive balance of the day and is paid quarterly, within 5 /five/ banking days after the end of each reporting quarter.
* Additional card - an additional card of the same payment and settlement system, opened within the same account /VISA-VISA, ARCA-ARCA, MasterCard-MasterCard/
** Attached card - an additional card of a different payment and settlement system, opened within the same account /VISA - ARCA, MasterCard; ARCA - VISA, MasterCard; MasterCard - VISA, ARCA/
The exchange rate applied at the time of authorization of an operation/transaction and the exchange rate applied at the time of its actual accounting may differ. At the time of authorization, the exchange rates set by payment and settlement systems ARCA/VISA/MasterCard, and at the time of actual accounting of the operation/transaction, the USD exchange rate set by the Bank for the end of the previous banking day is applied. Exceptions are the operations/transactions made in Euro with the cards of Visa payment and settlement system, at the time of accounting of which the Euro exchange rate set by the Bank for the end of the previous banking day is applied. The Bank bears no responsibility for the currency and other risks connected with the exchange rate differences.
In case of not usage of the balance on the closed card account for three months, AMD 1000 is charged for every year (if the balance is less than AMD 1000, then the whole balance amount is charged, and the account is closed).
The set fees are charged from AMD accounts, and in case of absence of AMD accounts - from accounts in other currency, at the non-cash exchange rate set by the Bank for buying of the respective currency on the date of charging.
Conditions and tariffs of provision and service of payment debit cards for non-resident customers
Order the card online, here
Visa ELECTRON Card description
International debit card
Convenience
- Possibility to make virtual purchase and payments in the internet environment, in case of availability of CIRRUS/MAESTRO sign.
- Quick card to card transfer of funds.
- Free of charge provision of a statement in the manner preferred by the cardholder.
- Sending an SMS to the cardholder about the transaction at the time of making it.
- Transfer of the salary directly to the card account.
- Provision of 24-hour free of charge information about the balance on your card account, by means of the Bank’s LAN HELLO (+37410) 511 200, 545514 /round-the-clock/ telephone information system, as well as the phone number of ArCa payment system (+37410) 59 22 22.
Accessibility
- Use the funds available on your account in any place, get funds at encashment points with CIRRUS/MAESTRO sign and make non-cash purchases at trade centres and in the internet environment.
Advantages
- Provision of an additional card to the family members within the card account.
- Unlike cash purchases at trade centres, in case of making purchases with payment cards you will get 3-30% discounts in over 40 local trade points
Care
- Transfer of the amount available on the card account in case of losing the card outside the RA.
Security
- Availability of a chip on the card, which ensures identification of the PIN code during any transaction /except for internet transactions/.
- Possibility of fast identification of the cardholder by means of signature.
- Ensuring in the virtual /internet/ environment the modern 3D Secure security system consonant with the international criteria
- You can order the card online here and you will need to visit the Bank only once to submit your passport and PSN (social card)
Preparation and issuance term
- Up to 5 working days for branches located in Yerevan
- Up to 10 working days for branches located outside Yerevan