Big Card
Big Advantages
The card is intended for the people serviced by “Haypost” CJSC and receiving pension or old age allowance.
The annual interest rate accrued to the balance on the account is 8%.
| Card type |
ARCA debit card |
| Restrictions |
Acts only on the territory of the RA |
| Currency |
AMD |
| Maturity |
24 months It is reissued as long as the Client is a pensioner receiving the pension from “Haypost” CJSC |
| Term of preparation and providing |
Maximum 5 working days
The card is activated within 1 working day after provision of the card and the PIN code to the client. |
| Interest rate accrued to the positive balance |
0.8% |
| Card provision fee |
0 |
| Service fee |
0 |
| Fee for non-cash transactions at trade points |
0 |
| Fee for provision of cash at encashment points and ATMs |
Converse Bank: 0% Other banks of ArCa system: 0.5% |
| Cash withdrawal limit |
Maximum limit of one transaction, only from ATMs: AMD 500 000 Maximum daily limit of encashment transaction: AMD 300 000 Maximum daily number of encashment transactions: 10 |
| Credit of cash to the card account at ATMs of other ARCA system member banks |
0.6% |
| Provision of a statement from the card account |
0 |
| Provision of an additional statement from the card account |
0 |
| Provision of a new card and PIN code instead of a lost/stolen/damaged card |
AMD 900 The tariff is applied starting from the second case |
| Provision of a new card and PIN |
AMD 700 The tariff is applied starting from the second case |
| Submission of unjustified chargeback application |
AMD 1 000 |
| Card to card transfers via www.arca.am website and card accounts |
0.5% |
| Sending SMS concerning amounts credited to and debited from the card (including VAT) |
|
| Card unblocking fee |
0 |
| Penalties |
Depending on the place of usage of the Card and the nature of the transaction, in case of exceeding the payment limit, penalty is calculated based on the Bank’s Tariffs and Rates. |
- Application
- Personal identification document
- Public Services Number or a reference on absence of a Public Services Number
- A document evidencing the fact of receiving of the pension from “Haypost” CJSC, provided by “Haypost” CJSC.
The size of the annual percentage yield shows the annual profitability of the loan as a result of capitalizing the interest amount received by the client to the principal amount.
The annual percentage yield is calculate on the basis of the following formula:
APY=(1+r/ո)ո-1,
where:
1) APY – is the annual percentage yield.
2) r - is the annual simple interest rate.
3) ո – frequency of capitalization of the interest amount during one year.
Since the interest amount is capitalized on quarterly basis, APY for this product is 8.24%.