Armeconombank customers can now withdraw cash from the Bank’s ATMs 24/7 without a physical card, using the AEB Mobile app. This feature serves as a seamless, secure alternative for cash withdrawals in situations where your physical card is unavailable but you have an urgent need for cash.
How to Complete a Cardless Cash Withdrawal
To utilize the service, simply follow these steps within the AEB Mobile:
- Log in to the application and tap the “+” icon.
- Navigate to the Applications field, then select Accounts.
- Select the Cardless Withdrawal command.
- Fill in the required fields to generate a secure 6-digit withdrawal code. Enter this code at any Armeconombank ATM within 30 minutes by selecting the Other Services option on the ATM screen.
Core Terms & Conditions
- Currency: The service is only available in AMD.
- Eligible Account Types: Withdrawals can be executed from current and card accounts (excluding Arca Gift cards, Arca Social cards, and savings accounts).
- Service Fees: The standard transaction fee is 0.5% (minimum AMD 100). For withdrawals executed from VISA Guru and Armec’s card accounts, a 3% fee applies.
- Transaction Limits:
- Per-Transaction Limits: Maximum of AMD 400,000; minimum of AMD 1,000.
- Daily Cumulative Limit: Maximum of AMD 1,000,000 per day.
- Daily Frequency Limit: Maximum of 10 transactions per day.
For Armeconombank, the advancement of digital services extends beyond mere technological milestones; it is about cultivating a highly convenient, accessible, and secure financial ecosystem for our clients under any circumstance.
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Armeconombank is supervised by the Central Bank of Armenia.
