Online Banking
Card cover

MasterCard Standard

Share

MasterCard Standard is a payment card, which is accepted in over 200 countries all over the world. It enables to withdraw cash and execute non-cash transactions in RA and abroad. With MasterCard Standard you can make on-line payments in on-line stores.
Making purchases in over 100 trade and service outlets of ARARATBANK discount network and paying by MasterCard Standard plastic card, you will enjoy discounts and save your funds. 
Upon request, ARARATBANK can issue MasterCard Standard chip cards, which are based on up-to-date technology with maximum safety. 

  • Cash withdrawal from the cash points of the ARARATBANK

    0%

  • Account statement

    Free of charge

  • Annual service fee

    AMD 5.000

  • Currency

    AMD, USD,EUR, RUB,GBP

Service fees
TRANSACTION TYPE

Card currency

RATES*

Card issue



AMD

 

Free of charge


USD
EUR
RUB
GBP

Annual service fee


AMD
AMD 5,000 


USD
EUR
RUB
GBP
Required balance AMD 3,000
USD 10
EUR 10
RUB 270
GBP 10
Account statement AMD Free of charge
USD
EUR
RUB
GBP
Current account statement AMD AMD 500 
USD
EUR
RUB
GBP
Linked card AMD Free of charge
USD
EUR
RUB
GBP
Annual service fee of linked card AMD AMD 5,000 
USD
EUR
RUB
GBP
Issue of a new card, in case of loss, damage of the card and PIN code AMD AMD 2,500 
USD
EUR
RUB
GBP
Cash withdrawal from ATMs and POS terminals of ARARATBANK OJSC AMD 0%
USD
EUR
RUB
GBP
Cash withdrawal from cash withdrawal points of ArCa system AMD 0.80%
USD
EUR
RUB
GBP
Cash withdrawal abroad, also from ATMs of VTB Bank located in Armenia AMD 1.5% min AMD 1500
USD
EUR
RUB
GBP
Cash receipt from ARARATBANK cashdesk without a card AMD 1% min AMD 500 
USD
EUR
RUB
GBP
Cash-in ATMs of ARARATBANK AMD 0%
Cash-in ATMs of ArCa system AMD 0.80%
Non-cash transactions AMD Free of charge
USD
EUR
RUB
GBP
Annual interest accrued over the positive balance of card account AMD 1%
USD 0%
EUR 0%
RUB 0%
GBP 0%
Card blocking AMD Free of charge
USD
EUR
RUB
GBP
Card unblocking AMD AMD 1.500 
USD
EUR
RUB
GBP
Number of daily cash withdrawal transactions AMD 10
USD
EUR
RUB
GBP
Total maximum amount of cash withdrawal transactions permissible within one day AMD 1,500,000
USD 3,000
EUR 3,000
RUB 135,000
GBP 2,500
Total maximum amount of one transaction AMD 1,500,000
USD 3,000
EUR 3,000
RUB 90,000
GBP 2,500
Total maximum amount of transactions permissible within one day AMD 3,000,000
USD 9,000
EUR 6,000
RUB 270,000
GBP 4,500
Card blocking and placing the card in the international STOP LIST (blocking will be effective for two weeks) AMD AMD 15․000 
USD
EUR
RUB
GBP
Commission fee charged for card-to-card remittances AMD 0.30%
USD
EUR
RUB
GBP
SMS messages on executed transactions, on card expiry, on annual service fee, on loan or overdraft expiry date upon customer request,  on the deduction date and amount of the line of credit or overdraft upon customer request, on the monthly repayment of loan or overdraft upon customer request AMD AMD 30 
USD
EUR
RUB
GBP
SMS message for the purpose of executing internet transactions with 3D Secure system AMD Free of charge
USD
EUR
RUB
GBP
SMS message provided via USSD service AMD AMD 30
USD
EUR
RUB
GBP
Cash crediting to the card account AMD 0%
USD
EUR
RUB
GBP

* 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
  • Social security card
Conditions

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.
Attention

Please follow the Armenian version

Financial assistant
ABC finance

Page updated 05.12.2019 | 09:36

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