ArCa Pension payment card with magnetic tape is provided to pensioners FREE OF CHARGE.
Annual service fee
Free of charge
Cash withdrawal from ATMs and POS terminals of ARARATBANK OJSC
|Card validity period||2 years|
|Annual card service fee (AMD)||free|
|Linked card annual service fee (AMD)||N/A|
|Card issuance at the Bank’s head office within a banking day (AMD)||2,000|
|Annual interest accrued on the card account positive balance||1%|
|Cash withdrawal without card at ARARATBANK cash desk||0%|
|Cash withdrawal at ATMs and POS terminals of ARARATBANK||0%|
|Cash withdrawal at other banks’ cash withdrawal points, ATMs and POS terminals||0,5%|
|Commission fee charged for card-to-card transfers**||0,15%**|
|Provision of new PIN code through ATM (AMD)||free|
|Card reissuance in case of its loss, damage and loss of PIN code (AMD)||free|
|Provision of statement||free|
|Current month’s statement (AMD)||free|
|Statement via e-mail (AMD)||free|
|Card blocking (AMD)||free|
|Card unblocking (AMD)||free|
|Total maximum number of cash withdrawal transactions permissible per day||30|
|Total maximum number of transactions permissible per day||30|
|Maximum total amount per transaction (AMD)||300,000|
|Maximum total amount of cash transactions permissible per day (AMD)||500,000|
|Maximum total amount of transactions permissible per day (AMD)||1,500,000|
|Cash-in through ARARATBANK ATMs||0%|
|Cash-in through ArCa system ATMs||0%|
|SMS banking service for making Internet- based transactions via 3D Secure system||free|
|SMS messages on executed transactions (AMD)||free|
**The mentioned services are provided free of charge for the first case, and later according to the commission mentioned in the table
***Please be informed that in addition to commission fee charged for transfers at ARARATBANK service points (including the online platform), an additional fee of the relevant Servicing Bank is also applied, which shall be charged at the time of transaction and shall be added to total amount of transaction
* *including VAT
|Commission fee charged for cash withdrawals from AraratBank POS terminals by cards issued by other banks||2% of withdrawn amount|
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
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․
- Social security card
- Pension certificate (in case of retirement age absence)
“Your financial directory” is an electronic system which facilitates the search, comparison and selection of the most appropriate for you option among the services offered to individuals.
You have the right to communicate with the financial institution by any convenient means - by post or by e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.
Under the signed agreement pensioners are provided an opportunity to receive their pensions through ARARATBANK ArCa Pension payment card.
Pensioners must personally visit the Bank once a year or submit a notarized document testifying their well-being.
Page updated 11.11.2022 | 18:23
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.