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Card cover

ArCa Pension

ArCa Pension payment card  with magnetic tape is provided to pensioners FREE OF CHARGE.

Rates effective 07/15/23



  • Currency


  • Annual service fee

    Free of charge

  • Cash withdrawal from ATMs and POS terminals of ARARATBANK OJSC


Service fees
Transaction type Rates*
Card currency AMD
Card validity period 4 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** 0,3%
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

*Including VAT

**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

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․
Required documents
  • Passport
  • Social security card

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.

Necessary information

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 04.04.2024 | 15:35

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