Converse Benefits

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Getting Converse Transfer from Converse Bank is BENEFICIAL

 

 

From May 2, 2017 until July 31, 2017, inclusive, get fast international money transfers from Converse Bank, take part in drawing of prizes and make use of a number of advantages:

  Privileged exchange rates

 Credit limit

 Free card

 Drawing of prizes and gifts

Privileged exchange rate

If the amount of the transfer made to Armenia from abroad in RUB, Euro, and USD via "Converse Transfer" system during the time period from May 2, 2017 until July 31, 2017, inclusive, is immediately converted into AMD fully or partially upon receipt, the following privileged exchange rates will apply:

  • USD - exchange rate for cash purchase applied at the Bank at the time of transaction + 1 AMD;
  • RUB - exchange rate for cash purchase applied at the Bank at the time of transaction + 0.10 AMD;
  • Euro - exchange rate for cash purchase applied at the Bank at the time of transaction + 2 AMD.

Credit limit

Conditions of the credit limit to be provided to the customers getting a transfer from abroad via "Converse Transfer" system within the framework of the promotion:

Preconditions All below-mentioned preconditions are mandatory:
1. Receipt of minimum 3 transfers within the two months’ period preceding the date of accepting the application, for the total amount equivalent to AMD 200,000;
2. During the last one year the customer shouldn’t have classified credit liability /liabilities/ and 20 and more days of delay in repayment of all loans towards financial institutions (doesn’t apply to guarantees);
3. At the time of accepting the application, the customer shouldn’t have any overdue liability.
Card types and service fees ArCa Classic, VISA Electron, VISA Classic, MasterCard Standard - 50% discount of the existing tariff for the whole validity period of the card.
Type of the credit limit Revolving, without a grace period
Repayment method of the credit limit The used credit limit is restored for the repaid amount, but not more than the amount of the credit limit, and the total limit decreases according to the equal monthly principle (decreasing monthly amount - the approved credit amount divided by the maturity months’ number).
 Maximum amount of the credit limit The double amount of the total sum of all transfers received in the specified time period, but not more than AMD 500,000 thousand.
Maturity of the credit limit  24 months
Currency of the credit limit  AMD
Interest rate of the credit limit 19%
withdrawal at Bank POS-terminals and ATMs 0.5%

Free card

The customers receiving cash funds via fast international money transfers, including "Converse Transfer" system, are offered ArCa or VISA Electron "Transfer" card without a service fee, for the whole validity period of the card.

Rules of the prize drawing

The prize drawing will be held for those customers who will make the largest transactions using "Converse Transfer" international money transfer system within the framework of the promotion. The customers making 100 largest transactions will take part in the drawing.
The prize drawing will be held once, in form of a lottery, in the following manner:

  • The prize drawing will be held for the customers making 100 largest transactions. Each participant will have one opportunity to win a prize.
  • The participants will be informed about the day and time of the prize drawing by means of a phone call. The information about the day and time of the prize drawing will also be posted on Converse Bank’s official website. In case of impossibility to make a phone call (if the customer doesn’t answer the call, cannot be reached, etc.) the Bank bears no responsibility for the circumstances of the customer’s getting no information about the date of the drawing.
  • Prizes won in the result of the drawing are given to the winners based on the personal identification document. Absent customers are informed about the results of the prize drawing by phone. The vouchers winning in the result of the drawing (the right to get the prize) are valid for a period of one month after the date of the prize drawing.
  • For those people who win the trip, it will be organized within 1-2 months after the prize drawing, and the commodity or money prizes will be provided within a maximum period of one month after applying for it.
  • The Bank bears no responsibility for operability, quality, or further service of commodity prizes (goods).

Gifts

The following prizes will be drawn - one trip to the UAE (for 2 persons), one smartphone iPhone 7, one notebook, 10 money prizes for the amount of AMD 200,000 each.