Payroll cards Individual payroll card

Individual payroll cards

      Payroll cards  

  • Annual service fee
    0-30 000
  • Currency
    AMD
  • Annual % on the positive balance
    3%

 Get your individual payroll cards on beneficial terms. The cards are provided free of charge. Annual interest rate in the amount of 3% accrues on the positive balance. Annual service fee is reduced.

The page was updated 24.11.2017 11:27

Individual payroll card 

    Payroll cards  
 


     
Get your individual payroll cards on beneficial terms. The cards are provided free of charge. Annual interest rate in the amount of 3% accrues on the positive balance. Annual service fee is reduced.

   

Issuance and service rates


Services

ArCa Classic

Visa Electron

Visa Classic

Visa Gold

Visa Platinum

Currency

Armenian dram

Armenian dram

Armenian dram

Armenian dram

Armenian dram

Issuance of cards

Free

Free

Free

Free

Free

Validity period

2 years

5 years

5 years

5 years

5 years

Annual service fee for the card account

Free

1 500 Armenian drams

2 000 Armenian drams

7 000 Armenian drams

30 000 Armenian drams

Minimum balance (to be charged from the first deposit)

1 000 Armenian drams

2 000 Armenian drams

3 000 Armenian drams

5 000 Armenian drams

10 000 Armenian drams

Issue of additional card

Free

Free

Free

Free

Free

Fee for providing additional card

Free

750 Armenian drams

1 000 Armenian drams

2 500 Armenian drams

5 000 Armenian drams

Annual service fee for additional card above one

Free

1 000 Armenian drams

1 500 Armenian drams

5 000 Armenian drams

10 000 Armenian drams

Urgent re-issue

Free

Free

Free

Free

Free

Issue of duplicate card against damaged one, for the same validity period

2 000 Armenian drams

2 000 Armenian drams

4 000 Armenian drams

5 000 Armenian drams

5 000 Armenian drams

Annual simple interest rate, calculated with regard to the positive balance of the card account

3%

3%

3%

3%

3%

Cash withdrawal rates

Cash withdrawal fee (through ATMs and cashing points of the Bank)

Free

Free

Free

Free

Free

Cash withdrawal fee (through ATMs and cashing points of other banks – members of ArCa system) 

1%

1%

1%

1%

1%

Cash withdrawal fee (through cashing points of other banks – not members of ArCa system and abroad)

1.5%, minimum1 500 AMD

1.5%, minimum 1 500 AMD

1.5%, minimum 1 500 AMD

1.5%, minimum 1 500 AMD

1.5%, minimum 1 500 AMD

Daily withdrawal limit.

 Daily limit for non-cash transactions

300 000 AMD

500 000 AMD

1 000 000 AMD

-

-

Non-cash transactions fee

Free

Free

Free

Free

Free

Providing monthly statement from the card account

Free

Free

Free

Free

Free

Card blocking

Free

Free

Free

Free

Free

Card unblocking 

500 Armenian drams

500 Armenian drams

500 Armenian drams

500 Armenian drams

500 Armenian drams

Activation of SMS services

Free

Free

Free

Free

Free


The Bank reserves the right to check deposits made on the card once a quarter, and revise the rates in the event of failure to transfer the salary amounts.
The other rates on the cards and transactions made thereon shall be according to the rates applicable at the Bank for similar types of the cards.

Fringe benefits

  • Membership to “Bank – Client” system – free
  • Providing authorities to perform “Bank- Client”  transactions
  • Opening of current accounts denominated in Armenian drams, US dollars, EUR, Russian RUB – free

How to calculate interests 

Date of debiting the amount on the account - 01.08.2017

Debited amount - 100 000 AMD

Annual interest rate - 3%

Payment of interest – at the maturity

The term, during which the amount is available on the payroll card - 365 days

Income tax rate - 10%

Calculated interest                  

100,000 x 3% : 365 x 364 = 2,991.78 AMD

Amount of the income tax:                                              

2,991.78 x 10% = 299.18 AMD

Income received by the card holder:            

2,692.60 AMD

The page was updated 22.11.2017 09:17

The following documents should be presented to the Bank to get individual payroll card: 


  •              ID document             

  • Social card

The page was updated 22.11.2017 09:18
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.

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