Debit Card "U - Teenager"

Cardholder requirements

• Individual, resident of the Republic of Armenia

• Age limit: 14–25 years inclusive

• For persons under 18, presence of a parent is required

Required documents

• Application

• Passport

• Social card / ID card

• For persons under 18: parent’s passport / ID card / social card

• Other additional documents may be required by the Bank

For the purposes of customer due diligence as defined by the Law of the Republic of Armenia "On Combating Money Laundering and Terrorism Financing", it may, based on the "Know Your Customer" ("Know your customer") principle, request additional documents or other information from the consumer, as well as ask additional questions to the consumer during verbal communication.

Card type

Visa Classic

Card account currency

AMD, USD, EUR

Card issuance

2000 AMD

Annual service fee

2000 AMD

Minimum balance

0

Reissue of card (worn/damaged/PIN loss/loss of card)

2000 AMD

Account statement

Free

Card placement on STOP list

10 000 AMD

Cash withdrawal

At Bank cash points

At local banks’ cash points

At other banks’ cash points

0%

1%

1.3%

Transactions at merchant terminals

0%

Daily transaction limit

1 000 000 AMD

Annual interest on positive card balance

0%

Penalty for exceeding allowed limit

36%

SMS banking service

Free

Card validity period

3 years

Debit Card "Schoolchild"

Requirements for the Cardholder

• Individual, resident of the Republic of Armenia

• Age limit: 6–13 years old /inclusive/

Required Documents

• Application form (submitted by one of the minor child’s parents, adoptive parent, or trustee)

• Minor child’s birth certificate or passport

• Minor child’s social security card

• Passport/ID card and social security card of the parent, adoptive parent, or guardian

• Other additional documents upon the Bank’s request

For the purposes of customer due diligence as defined by the Law of the Republic of Armenia "On Combating Money Laundering and Terrorism Financing", it may, based on the "Know Your Customer" ("Know your customer") principle, request additional documents or other information from the consumer, as well as ask additional questions to the consumer during verbal communication.

Attention: All documents related to the card issuance are signed by the minor child’s parent, adoptive parent, or trustee.

Card Type

Visa Classic

Card Account Currency

AMD

Card Issuance

Free

Annual Service Fee (charged starting from the 2nd year)

1,200 AMD

Non-declining balance

0 AMD

Re-issue of lost, stolen or damaged card

1,200 AMD

Monthly Statement Provision

Free

The statement is provided to the parent, adoptive parent, or trustee

Card placement in the STOP list (7 days)

10,000 AMD

Cash Withdrawal

Bank cash withdrawal points

Local bank cash withdrawal points

Other bank cash withdrawal points

0%

1%

1.3%

Transactions in trade centers

0%

Transactions daily limit (cash and non-cash)

50,000 AMD (10 transactions)

Restrictions on Card Transactions

Account top-up options for blocked betting companies and other adult websites

Annual interest rate calculated on the Positive balance of the card account

0%

Penalty for exceeding the permitted payment limit

36% annually

SMS Notifications About Completed Transactions

Free of charge

Notifications may be sent, upon request, to:

• The minor child

• The parent, adoptive parent, or guardian

Card validity

3 years