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MasterCard Business MasterCard international payment card system

MasterCard Business

MasterCard international payment system

  • Annual service fee
    5 000 AMD
  • Currency
    AMD, USD, EUR, RUB
  • Card issuance
    Free
The page was updated 24.11.2017 12:18

MasterCard Business Cards 

MasterCard international payment system   
  

General terms and conditions of providing and serving MasterCard Business plastic cards at the Head Office and branches of Anelik Bank CJSC and maintenance of card accounts:
MasterCard Business  plastic cards are provided to resident and non-resident legal entities and Private entrepreneurs. 
The card is provided to the client within 2 business days after submitting application and execution of maintenance agreement. The card becomes active and can be used by the client as soon as it is provided to the client. Card account must be verified in the tax authorities. 
The client is also given an envelope with special PIN code inside. The PIN code must be used by the client only, who must keep the PIN code inaccessible for the third parties. The PIN code is recommended to keep away from the card. 
Cards are valid for 2 years. Provided that the Bank doesn’t receive written application from the cardholder to terminate the maintenance of the card within 30 days prior to the termination of its validity, the Bank shall re-issue the card for another 2 years. 
Exchange rate set by the Bank will be applied for transactions denominated in foreign currency (if the currency of the card account is different from the currency of the transaction). 
When disclosing discrepancies in the transactions related with the account the client may appeal to the Bank within 15 days period after receiving the account statement. The statement is considered accepted by the Bank if no appeal has been received within the mentioned period. The appeal is provided to the Bank in the form of written application. The Bank proceeds the appeal received in due time, by performing actions adopted by the international MasterCard payment system.  
The client must inform the Bank and/or the processing center Armenian Card by phone on lost card within the possible shortest period or visit the Head office or any branch of the Bank having passport by. Operations through the card will be immediately suspended when getting notice on losing the card. The Bank doesn’t be held liable for harm caused to the cardholder in between the period of losing the card and giving notice to the Bank. The client must visit the Bank within 5 days after suspending the card and submit written application, on the basis of which the Bank should within 2 business days provide the client new card. 
Card account maintenance will be early terminated and the card account will be closed according to the written request of the cardholder. the balance of the card account will be returned to the client. The card should be returned to the Bank.   

Issuance and service fees

Services

Rates

Type of the card 

MasterCard Business

Card Currency

Armenian drams, UD dollars, EUR, RF Rubles

Issuance of cards

Free

Card account opening

Free

Annual service fee for the card account

5 000 Armenian drams

Minimum balance

Armenian dram

US dollar

EUR

RF Rubles

5 000

10

10

600

Issue of additional card

Free

Annual service fee for the additional card

5,000 Armenian drams

Card blocking

Free

Card unblocking 

500 Armenian drams

Re-issuance of card upon expiration of validity period

Free

Issue of the duplicate card in case of loss, theft of the card or PIN code for the same validity period

5 000 Armenian drams

Keeping of the card in the international STOP list (for 14 days period in one region)

7 000 Armenian drams

Removing the card from the international STOP list

Free

Providing monthly statement from the card account at the Bank, through post or e-mail

Free

Providing additional statement from the card account at the Bank, through post or e-mail.

According to the rates applicable in the Bank

Activation of SMS services

Free

Fee for each SMS

Free

Cash deposit

Free

Cashing fee (through ATMs and cashing points of the Bank)

0.2%

Cashing fee (through ATMs and cashing points of other banks – members of ArCa system) 

1.5% , minimum 1 000 Armenian drams

Cashing fee (through cashing points of other banks – not members of ArCa system and abroad)

2%, no less than 1 500 Armenian drams

Card to card transfer via internet

0.3%

Non-cash transactions fee

Free

Daily withdrawal limit *

Armenian drams

US Dollars

EUR

RF Rubles

1 500 000

5 000

4 000

300 000

Maximum number of cash withdrawals *

10

Annual simple interest rate, calculated with regard to the positive balance of the card account

0%

Closure of card account

Free

* depending on the particularities of the client’s activities, the mentioned limits may be changed on the basis of application of the client; no decision needed. 

  • The Bank has the right to change the size of interest for facilities available on the account upon giving 15 days prior notice to the card holder.  
  • The Bank acts as a tax agent and has the right to calculate and pay tax on income (10%) from the interest received for facilities available on the account.  
  • Any disputes between the Parties shall be resolved through negotiations.  
  • Disputes between the Parties may be resolved by the Financial System Mediator (in accordance with the RA Law On Financial system mediator) or in Arbitrage (in order, set by the RA “On commercial arbitrage”).  


The page was updated 24.11.2017 12:25
The following documents should be presented to the Bank to get MasterCard Business:

  •  ID document

  • Social card

  • Other required documents


The page was updated 22.11.2017 10:23
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.