Issuance of cards
Card account opening
Card account management
Annual service fee
Cash disbursement at "ARMECONOMBANK" OJSC encashment points(ATM) in AMD only 
Cash depositing through "ARMECONOMBANK" OJSC ATMs (CASH-IN)
Cash depositing from "ARMECONOMBANK" OJSC Cash register
Cash disbursement at encashment points (ATM, POS terminal) owned by other banks of the Republic of Armenia
Implementation of cashless transactions by card
Replacement of a card with a new one, provision of a new card in case of damage of the PIN code of the card and loss, in case of pre-term reissue of the card
AMD 700 
Provision of account statement for transactions up to 1 month 
Provision of account statement for 1 to 3 months transactions
Provision of account statement for transactions from 3 month to 1 year
Removing a card from Stop-List (*for all ArCa type and currency cards, unblocking of a blocked card with the AEB Mobile application is free of charge)
Amount of encashment transactions per day
Increase in daily encashment transactions
Maximum amount of total cash-out transactions allowed in one day
Increase in the limit of encashment or total transactions per day
Increase in the limit on the number of encashment or total transactions for entire period of validity of the card
0.1% of the added limit, min. AMD 5,000
Transfer to another acting account of the same client in "ARMECONOMBANK" OJSC
Card-to-card transfers to Bank’s cards 
Card-to-card transfers to member banks of the "Armenian Card" system or non-member banks of the "Armenian Card"system and to banking cards working with the Armenian Card system through H2H channel 
Transfers from card account in favor of clients of other RA banks(*with AEB Mobile application-free of charge)
Transfers in favor of other clients of "ARMECONOMBANK" OJSC (*With AEB Mobile application-free for all ArCa type and currency cards)
AMD 500 [*]
Sending an SMS message 
Emergency issuance of cards(reissuance) 
Application for appeal of transactions made at ATMs (for AEB cardholders) 
Appeal application for card transactions made with POS terminals (including virtual) at service points (for AEB cardholders) 
Acceptance of applications for cash-out and/or chargeback of transactions made at AEB service points by cardholders of other banks, if the appeal fee does not exceed AMD 10.000
Making payments for electronic state non-cash payments, including goods sold at auctions of the CESA, at the service points of member banks of the ArCa system
Replenishment of card account with Cash-In terminals located out of "ARMECONOMBANK" OJSC BRANCHES 
Replenishment of card account with Cash-In terminals located in "ARMECONOMBANK" OJSC BRANCHES 
Maximum amount of a single encashment transaction from "ARMECONOMBANK" OJSC ATMs
Commission fee from transaction made through InecoPay system
Replacement of the status of the card with compulsory change of the PIN code
Commission fee charged for making payments through PAYMENT.AEB.AM website 
Commission fees charged from signing a CMTL agreement through INSURANCE.AEB.AM website 
1 All ArCa type cards, except for the ArCa Classic MIR type card, are valid only in the territory of the Republic of Armenia, and the ArCa Classic MIR type cards are also valid in the countries being members of the NSPK MIR payment and settlement system.
3 Previously issued ArCa Pension type cards are provided and serviced with terms set for ArCa social type cards. No other card type is attached to ArCa social card type.
8 The first case is provided free of charge.
9 Issuance of statements can be provided free of charge for transactions completed up to one month and including the last banking day of the month.
10 Transactions (card-to-card transfers, obtaining codes for mobile phone prepaid cards, utility payments, viewing account statements, etc.) can be carried out via Internet (through www.ArCa.am website), if the client has previously submitted his/her e-mail address in writing to "ARMECONOMBANK" OJSC.
11 After each card transaction, at the customer's request, "ARMECONOMBANK" OJSC sends an SMS message to the customer's mobile phone. In order to activate the mentioned service, the client informs "ARMECONOMBANK" OJSC in writing of his/her mobile phone number and the amount, in case of exceeding which he /shewants to receive an SMS message, and the minimum amount for dram cards is not less than 100 drams, for dollar cards for 1 USD, 1 EUR for Euro cards and 50 RF rubles for Russian Ruble cards.When making a transaction on the Internet, if the website is secured by ArCa 3-D Secure, MasterCard SecureCode or Verified by Visa systems, the client receives an SMS message containing the code of ArCa 3-D Secure, MasterCard Securecode, Verified by Visa or 3D Securecode systems to his mobile phone. Subscribers of RA mobile operators can use the USSD information and management system. The Bank sends a free SMS message to the client's mobile phone about the receipt of the pension amount. In order to activate the mentioned service, the client informs "ARMECONOMBANK" OJSC in writing of his/her mobile phone number .
12 If the client applied to the bank before 14:00 of the given day, the card can be issued on the same day till 18:00, if applied after 14:00 till 18:00 of the next day.This point applies to only Yerevan branches of "ARMECONOMBANK" OJSC.
13 The tariff is applied in case if it turns out that the transaction has been made by the client or as a result of the client violating the rules of using the card or by such consequences, in case of which the groundlessness of the appeal application is justified (proved).
14 The minimum limit for transactions carried out with Cash-In terminals outside the Branch of "ARMECONOMBANK" OJSC is AMD 100, the maximum is AMD 100,000. The minimum limit for transactions performed with the Cash-In terminals located in the branch of "ARMECONOMBANK" OJSC is AMD 100, the maximum - AMD 200,000.
15 1) In the case of cards issued by other RA banks providing certification through the Arca system, except for cards issued by VTB Armenia Bank CJSC, the commission fee of the executed transaction is 0.9%; 2) In the case of MasterCard, Visa cards issued by banks that do not provide certification through the Arca system, the commission fee for payment card transactions is 2.5%.
16 1) In case of cards issued by other RA banks providing certification through the Arca system, the commission fee is 0.9%; 2) In case of MasterCard, Visa type cards issued by banks not providing certification through the Arca system, the commission fee is 2.1%.
29 If the payment card has been provided within the framework of the salary project (in AMD) with the aim of receiving a salary, then in case of then in case of cashing up to AMD 1,000,000 per day from the given card, the withdrawal tariff is set at 0%, and for the amount exceeding AMD 1,000,000 per day - 0.5%.
•The card is issued upon the submission of the required documents by the Client to the Bank and is provided to the Customer within maximum 5 working days.
•Transactions in a currency different from that of the currency of the card account are calculated in the rates defined by the Bank for the sale and purchase of the appropriate currency as of the date of the transaction, due to which the Bank shall not bear any responsibility for the differences in the transaction amount.
•ATTENTION: INTERESTS ON YOUR DEPOSIT ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE AND THE ANNUAL PERCENTAGE YIELD SHOWS THE INCOME YOU WOULD REALIZE, IF YOU WOULD HAVE ADDED THE RECEIVED DEPOSIT INTERESTS TO THE DEPOSIT. YOU WILL FIND THE ORDER OF CALCULATING THE ANNUAL PERCENTAGE YIELD ON www.aeb.am.
•Interests accrued on the balances of the cards are capitalized monthly.
•Interests are accrued daily on the balances of the cards, as well as on the added amount balance, and on the capitalized amounts
•The Bank is entitled to amend the size of interests paid for the monetary funds available on the card account, unless otherwise defined by the Agreement.
•There is no limit in the minimum initial amount for card opening.
• Interest paid against card accounts is subject to taxation with income tax under tax legislation of RA.
•In case of contract disputes the depositor shall apply to the Bank in written form and will receive the reply to such request within 10 Business days. In case of disagreement with reply, the depositor has the right to apply to the court or to the Financial System Mediator.
•To open a card account, the customer shall submit the below mentioned documents to the Bank:
- Identification document,
- Document containing public services number or reference about not-receiving public services number,
-On the purpose of due diligence of the customer envisaged by RA law on “On Combating Money Laundering and Terrorism Financing”, the bank may request additional documents or other information from the consumer based on <> principle, as well as ask the consumer additional questions during oral communication.
•In compliance with the agreement signed with USA, to find out if you are a USA tax payer, financial institutions may collect additional information about the agreements, contracts, cooperation, membership signed by financial institutions, which may have a direct impact on the consumers (e.g. foreign account tax compliance act (FATCA))
•With periodicity of at least 30 days the Bank provides the customer with the account statement, except the cases when no debiting or crediting to such account occurs within the reporting period.
•Should the negotiations fail to settle the disputes and disagreements between the Bank and the customer, the latter can apply to the court or the Financial System Mediator.
•The customer's right to manage the account and monetary funds available on it may be limited in the cases prescribed by the law - court decision, ban on the account based on the decision (hard copy or electronically) of the tax or other authorities of Compulsory Enforcement Service.
•Cash facilities available on the account may be written off without the customers consent in the cases prescribed by the law- court decision, based on the decision (hard copy or electronically) of the authorities of Compulsory Enforcement Service or in the cases stipulated by the Agreement signed by and between the Bank and the customer.
•Deposits are guaranteed pursuant to the Armenian Law on Guaranteeing the Recovery of Deposits of Individuals
•Deposits are guaranteed as follows:.
-In case of deposits in Armenian drams, the deposit is guaranteed for AMD 16 mln.
-In case of deposits in foreign currency, the deposit is guaranteed for AMD 7.0 mln
-In case of deposits both in Armenian drams and in foreign currency: if AMD deposit exceeds AMD 7.0 mln, only the AMD deposit is guaranteed for AMD 16 mln
-In case of deposits both in Armenian drams and in foreign currency: if AMD deposit is smaller than AMD 7.0 mln, the AMD deposit is guaranteed in full and the foreign currency and the foreign currency is guaranteed for the balance of AMD 7.0 mln and recovered AMD deposit