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MasterCard Business

MasterCard Business corporate card will enable you to incur safe and civilized business trip, representative and other business-related expenses. You will be able to control financial funds of you company through this card. 

  • SMS messages on executed transactions

    AMD 15

  • Service fee

    AMD 12.000

  • Currency

    AMD, USD,EUR, RUB,GBP

Special offer to our MasterCard cardholders
  • Get a voucher for coffee and sweets at Art Lunch food outlets by making purchases of AMD 1,000 and more with your ARARATBANK MasterCard linked to Google Pay. The offer will be valid from December 12, 2022 till February 12, 2023.
Service fees
TRANSACTION TYPE

RATES*

Currency

AMD, USD,EUR, RUB,GBP

Card issue 

Free of charge 

Annual service fee AMD 10,000
Annual card service fee for foreign citizen AMD 35,000
Linked card annual service fee for foreign citizen AMD 20,000
Required balance AMD 10,000
USD 20
EUR 20
RUB 1,600
GBP 20
Account statement Free of charge
Current account statement  Free of charge
Linked card Free of charge
Annual service fee of linked card AMD 10,000 
Issue of a new card, in case of loss, damage of the card and PIN code AMD 10,000 
Cash withdrawal from ATMs and POS terminals of AraratBank OJSC 0,2%
Cash withdrawal from cash withdrawal points of ArCa system մ 0.8%
Cash withdrawal abroad, also from ATMs of VTB  Bank located in Armenia 1,5% min AMD 1500 
Cash receipt from AraratBank  cashdesk without a card  1% min AMD 500 
Cash-in ATMs of AraratBank  AMD 0%
Cash-in ATMs of ArCa system AMD 0.80%
Non-cash transactions Free of charge
Annual interest accrued over the positive balance of card account AMD 1%
USD 0%
EUR 0%
RUB 0%
GBP 0%
Card blocking Free of charge
Card unblocking AMD 4,000 
Number of daily cash withdrawal transactions 10
Total maximum amount of cash withdrawal transactions permissible within one day AMD 1,500,000
USD 5,000
EUR 3,000
RUB 135,000
GBP 2,500
Total maximum amount of one transaction  AMD 1,500,000
USD 5,000
EUR 3,000
RUB 135,000
GBP 2,500
Total maximum amount of transactions permissible within one day AMD 4,500,000
USD 14,000
EUR 9,000
RUB 403,000
GBP 7,000
Card blocking and placing the card in the international STOP LIST (blocking will be effective for two weeks) AMD 15․000 
Commission fee charged for card-to-card remittances 0.30%
SMS messages on executed transactions Free of charge
SMS message for the purpose of executing internet transactions with 3D Secure system
Free of charge
Cash crediting to the card account 0%
The issued plastic card and the card account shall be active from the moment the card has been issued

* 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․
Required documents
  • Passport and social security card of the director or authorized person of the organization
  • Seal (if available)
Attention

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.

Financial assistant
ABC finance

Page updated 19.01.2023 | 10:04

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