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ArCa Green Line

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ArCa Green Line is a payment card, which will enable you to make customs payments in a fast and secure way. With this card you can make payments in any ARARATBANK branch, which operates on the territory of the RA customs houses and points, during customs formalities.

ArCa Green Line is issued both to legal entities and individuals, as well as to private entrepreneurs. This card will ensure safety of large amounts, provide an opportunity to control use of company’s funds and enable to make any non-cash customs payment. 

  • Annual interest rate accrued on the positive balance of the card account

    1%

  • Annual service fee

    AMD 10.000

  • Currency

    AMD

Service fees
TRANSACTION TYPE RATES*
Card issue Free of charge
Card account opening Free of charge
Card account processing Free of charge
Required balance -
Annual service fee AMD 10.000
Additional (linked) card -
Annual service fee of additional (linked) card AMD 3.000
Annual interest rate accrued on the positive balance of the card account 1%
Issue of a new card with the same period, in case of loss, damage of the card (main or linked) and loss of PIN code AMD 3.000
Account statement Free of charge
Additional account statement -
Placing the card in the StOP List Free of charge
Removing the card from the StOP List AMD 1.000
Number of daily transactions 10
Maximum amount per transaction AMD 8.000.000
Cash withdrawal limit -
Line of credit/ overdraft annual interest rate 16%
Grace period 5 days
Urgent activation of the credited amount on the card account AMD 5000

* including VAT

Commission fee charged for cash withdrawals from ARARATBANK POS terminals by cards issued by other banks 2% of withdrawn amount
Required documents
  • Passport and social security card of the director or authorized person of the organization
  • Seal (if available)
Conditions

Please follow the armenian version

Upon receipt of the card the customer shall:

  • sign on the reverse of the card
  • sign both the Agreement and notification
  • sign in the field designated for PIN code

*The issued plastic card and the card account shall be active from the moment the card has been issued

Dates for crediting funds to card accounts:

  • Funds credited to accounts between 17:30 of the previous business day and 9:30 of the following business day shall be activated by 10:30 of the given business day․
  • Funds credited to accounts between 09:30 and 13:30 of the given business day shall be activated by 14:00 of the given business day.
  • Funds credited to accounts between 13:30 and 17:30 of the given business day shall be activated on the same business day within an hour․
Important to know
  • If you enter your PIN incorrectly three times, the ATM will automatically confiscate your card. In case your card is confiscated, you have to apply immediately to the bank, which owns the ATM or you can give a call to ARARATBANK at  54 23 23.
  • When you get your card you have to put your signature in a corresponding field. Lack of signature or its mismatch to the original one is a legitimate basis for rejecting to implement an operation with your card and for confiscating it.
  • When you get your card you have to sign in a corresponding field. The lack of signature or its mismatch to the original one is a legitimate basis for rejecting your card service as well as for confiscating it.
  • PIN code is required to get cash from ATMs and to execute transactions via electronic terminals.
  • If you lost your card or for any reason it was confiscated by ATM, you must immediately inform ARARATBANK about the loss of your card by calling at  54 23 23 or ArCa payment system center at 59 22 22.
  • While executing transactions in USD, EUR, AMD, RUB and GBP through MasterCard/VISA system cards issued by ARARATBANK, the bank exchange rate as of the transaction date shall be applied while calculating transaction amount, transactions in other currency shall be calculated following MasterCard/Visa system rules.
  • Cardholders may file a complaint on transactions reflected on the statement within 30 days after they have received the statement. The statement shall be deemed agreed with a cardholder, if the latter has presented no objection during the mentioned period. Any claims raised by the cardholder, the latter shall apply to ARARATBANK head office or any of its branches with passport and fill in the transaction complaint, after which the Bank shall carry out relevant examination and submit written substantiation on accepting or rejecting the complaint no later than within 60 days after the complaint has been received.
  • In case the card is lost, the Cardholder shall immediately inform the Bank. Based on the Customer request and on the account of the Cardholder funds, the Bank can place the Card in the block list of international settlement system until the card expiry or for certain periods. Cardholders shall bear the risk of adverse effects of the transactions (including unauthorized transactions) executed by effective card within the period the card hasn’t been placed in the block list of international settlement system based on the Customer request and on the account of the Cardholder funds and in case Cardholders fail to inform the Bank about the card loss.
  • The Bank shall not be held liable for the losses incurred by cardholders as a result of fraud transactions executed by card through internet, POS terminals, ATMs and/or technical means and/or virtually․
  • The Bank shall not be held liable for the losses incurred by cardholders, if the card occurs in the hands of other person, if the card or card data (including card number, card account number, card password, PIN code and CVV code) become known to other persons.
  • The Bank shall not be held liable for the losses incurred by cardholders due to malfunction of the internet, ATMs, POS terminals and connection breakdown or other technical problems, except for cases when cardholders withdraw funds from POS terminals or ATMs but do not actually get the money, though the funds have been de facto debited from the card account.
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Page updated 03.10.2019 | 11:38

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.