Description of payment cards


Description of payment cards

Payment cards are plastic cards linked to the bank account, which enable the cardholder to use the cash funds available on his/her account.  Plastic cards are used to withdraw funds from the account as well as to make non-cash or online payment for services. In the market of plastic cards ARARATBANK gains a competitive lead, which is not only due to affordability of card terms and conditions but also due to the variety of card types and regular campaigns. Among the variety of cards any person of any occupation may find a card to his/her requirements and opportunities.      

Branches and ATMs of ARARATBANK enable you to use your funds available on the card account without paying any commission fee.

ARARATBANK offers MOBILE BANKING service to its customers, which makes the management of card accounts more efficient and fast.

When carrying out transactions by international payment and settlement cards issued by the Bank in the currencies other than the currency of the card, the exchange rate set by the Bank for the day of the transaction shall be applied and in case the Bank hasn’t set such rate, the exchange rate set by the international payment and settlement system shall be applied. In case there is a negative difference between the foreign exchange rate set by the international payment and settlement system at the moment of transaction and the foreign exchange rate set by the bank, such negative difference shall be charged from a cardholder’s card account.

 

 

 




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