UnionPay International payment system settlement-type cards can be used by legal entities and individual entrepreneurs to conduct financial transactions in Armenia and abroad.
You can use the UnionPay Business card without limitation anywhere in the world.
The card is a chip-type QuickPass, which allows contactless payments both in Armenia and abroad.
You can get the first two cards free of charge.
AMD 18-20%
USD 16-20%
EUR 14-17%
AMD 16,000 per year
AMD 15,000 per year if ordered via acba digital
Service fee - AMD 16,000 per year / AMD 15,000 per year if ordered via acba digital
Currency - AMD, USD, EUR
Credit line availability - up to an amount equivalent to AMD 18,000,000
Credit line annual nominal interest rate - cards in AMD: 18-20%, cards in USD: 16-20%, cards in EUR: 14-17%
Cash withdrawal fee from the Bank’s ATMs and POS terminals - 1%, from other banks abroad 2%, minimum AMD 2,000
Attached card issuance - first two cards free, third and all subsequent cards AMD 5,000
Refer to more detailed tariffs for issuance and servicing of the UnionPay Business card.
How to obtain the card
Option I | Option II |
Fill out the card online application here | Visit any branch of the Bank |
How long does it take to obtain the card?
If the card and card account application is completed at any branch of the Bank, the card will be issued to you within a maximum of seven business days, and the card will be activated within one business day from the date of issuance.
If the card and card account application is completed online, the card order will be processed according to the mutual agreement between the Bank and you.
What is required to order the card
The Bank also provides urgent card issuance, re-issuance, and replacement services within 1 business day. The service is available at all branches in Yerevan, but the card can be ordered at any branch of the Bank. The service is available only for cards without a paper PIN, according to the Bank’s fees in effect at that time.
After applying for the card using any of the above methods, to receive the card you need to visit the Bank branch of your choice and present a valid identity document and your public services number. 1
1 It is recorded in the identity card of an RA citizen, the identity document of a stateless person permanently residing in the RA, a refugee identity document, a previously issued social security card, as well as in a certificate issued by the state registry authority or an original certificate issued by the state registry authority regarding the absence of a public services number.
Find more detailed information about card delivery here.
Your financial informant:
NOTE: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.
How to obtain the card
Option I | Option II | Option III |
Fill out the card online application here | Visit any branch of the Bank | Order via the acba digital app |
How long does it take to obtain the card?
If the card and card account application is completed at any branch of the Bank, the card will be issued to you within a maximum of seven business days, and the card will be activated within one business day from the date of issuance.
The Bank also provides urgent card issuance, re-issuance, and replacement services within 1 business day. The service is available at all branches in Yerevan, but the card can be ordered at any branch of the Bank. The service is available only for cards without a paper PIN, according to the Bank’s fees in effect at that time.
If the card and card account application is completed online, the card order will be processed according to the mutual agreement between the Bank and you.
What is required to order the card
After applying for the card using any of the above methods, to receive the card you need to visit the Bank branch of your choice and present a valid identity document and your public services number.¹
¹ It is recorded in the identity card of an RA citizen, the identity document of a stateless person permanently residing in the RA, a refugee identity document, a previously issued social security card, as well as in a certificate issued by the state registry authority or an original certificate issued by the state registry authority regarding the absence of a public services number.
Your financial informant: fininfo.am
NOTE: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.
The card PIN code is provided at the time of ordering the card according to the cardholder’s chosen option:
Paper, in which case the PIN code is provided in a sealed envelope,
Via SMS, in which case a one-time six-digit code is sent to the cardholder’s phone number registered with the Bank. This code is used to set a new PIN code via the ATM.
Card re-issuance is carried out up to the 10th business day of the last month of the card’s validity.
The decision on card re-issuance is made by the Bank based on the volume of transactions performed with the card, the payments of the card service fee, and the available funds in the account; for cards with a credit line, the number of overdue days is also taken into account.
The card is closed within three business days after all previous transactions made with the card are processed through the card account, provided that the account balance is sufficient to cover the transactions made with the card and the fees prescribed by the Bank’s tariffs.
Card closure is possible only after fulfilling all monetary obligations.
If the cardholder submits a card deactivation request and does not return the card to the Bank, the cardholder bears full financial responsibility for transactions that do not require confirmation (authorization) performed with the card after deactivation until the card’s expiration date.
The card is retained by ATMs if:
After a cash withdrawal or balance inquiry, the customer does not take the card from the ATM,
There is an ATM connection failure or other technical malfunction.
In the case of Bank card retention, if the cardholder presents a valid identity document at the Bank within 3 business days, the card is returned to the customer by the branch that retained the card, unless the customer requests to receive the card from another branch.
In the case of retention of a card from another bank in Armenia, if the cardholder presents a valid identity document at the Bank within 3 business days, the card is returned to the customer. If the cardholder does not appear, the card is transferred to the issuing bank according to the Bank’s current procedure.
In the case of retention of a foreign bank card, if the cardholder presents a valid identity document at the Bank within 1 business day, the card is returned to the cardholder. If the cardholder does not appear, the card is transferred to the issuing bank according to the Bank’s current procedure.
The card can only be unblocked if the cardholder provides verbal or written confirmation that the transactions were made by them.
The Bank may unilaterally block the card in the event of overdue obligations on the credit provided by the card or other credits at the Bank, until the first business day following the settlement of the overdue obligations, as well as in other cases stipulated by the Agreement or by RA legislation.
The Bank may block the cardholder’s card without notifying the cardholder if there is a risk of fraudulent transactions on the card.
The cardholder has the right to dispute a transaction made with their card within 55 (fifty-five) calendar days from the date of the transaction. The Bank will provide a substantiated response to the cardholder within a maximum of 90 (ninety) calendar days from the date of submitting the request.
If the disputed transaction by the cardholder is a cash withdrawal, it will be satisfied by the Bank only if the ATM or cash disbursement point’s servicing bank confirms that the cash was not dispensed.
If the disputed transaction by the cardholder is a payment, an internet payment, or a payment using card data, it will be satisfied by the Bank if, within the dispute process provided by the Payment System rules, the Bank receives the amount of the disputed transaction from the servicing bank.
If the Bank decides not to continue the dispute process under the rules of the payment system servicing the card, but the cardholder wishes to proceed to the final stage of the dispute process and appeal to the Payment System’s arbitration committee, the fees established for applying to the arbitration committee, as well as any costs incurred by the Bank if the Payment System decides in favor of the other party, will be reimbursed by the cardholder.
The Bank is not liable for:
a) Delayed, incorrect, or unexecuted transactions caused by merchants, service points, or the Payment System, or due to technical reasons beyond the Bank’s reasonable control;
b) Failures of cash withdrawal or payment transactions performed using funds not belonging to the Bank, if the Bank is not at fault for the failure;
c) Illegal transactions conducted using the card or card data, if they are not the result of the Bank’s failure to perform its obligations under the Agreement;
d) Transactions conducted with a microprocessor (chip) card using a PIN code, if they are not the result of the Bank’s failure to perform its obligations under the Agreement;
e) Transactions conducted via the internet, if they are not the result of the Bank’s failure to perform its obligations under the Agreement.
f) For transactions conducted in violation of the security rules established in the Agreement;
g) For disputes arising between the cardholder and merchants or service points;
h) For the disclosure to third parties of account information, PIN code, card number, password, or other card-related information due to reasons beyond the Bank’s control.
Each month, the Bank notifies the cardholder about the transactions made with the card during the previous month by providing a statement from the card account.
In case of failure or improper fulfillment of obligations, information about the cardholder will be provided to the RA Central Bank’s credit registry and the ACRA credit bureau in accordance with RA legislation and the Bank’s internal legal acts.
