2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Today, banks offer a wide range of social cards. They can store scholarships, allowances, pensions, transfer interest on deposits. You only need to sort through the proposed conditions in order to choose the best bank for servicing.
Social card
This banking product was originally designed to receive and store various social payments: scholarships, pensions, benefits. But today, the functions of this payment instrument go beyond the standard. A pension bank card replaces its holder with a CHI policy, a travel document and a payment instrument. The placement of photographs on the back of the plastic indicates that in the near future it will replace the pension certificate of citizens.
Design
Pension card is issued upon a written application of the client who provided a passport and a pension certificate. Typically, such programs use cheap cards - Electron, Cirrus, Maestro. Release and maintenance of plastic is free. The validity of the card is 3 years. You can get a pension card immediately at the branch after the conclusion of the contract. This is not namedplastic, so you won't have to wait long for its release. SMS informing services and Internet banking are connected free of charge. Any payments are made through Internet banking: from topping up the phone to paying fines and utilities.
In some cases, a pension bank card is used as an account to which credit funds are transferred. But not all banks provide overdrafts for such payment instruments. Servicing of social cards is usually entrusted to large financial institutions. Their income in this sector can be several percent of the revenue. But the main reason why banks tend to serve social projects is that this direction brings a small but stable income, increases the confidence of regulators in a financial institution.
No commission is charged for withdrawing funds from "native" ATMs. But there are internal limits of credit institutions. For example, in Sberbank the daily limit is 50 thousand rubles. For withdrawals from the account of a larger amount, you will have to pay 0.5%.
Bank pension cards relieve employees, reduce customer service costs, issue passbooks and increase account turnover by servicing social “plastic”.
How to choose a bank?
Funds are credited to the account without commission. But this rule applies only to social payments. A fee will already be charged for the transfer of funds between individuals. These conditions are the same in all banks. Therefore, when choosing a financial intermediary, one should be guided by other criteria.
Firstly, a card must be opened for the account to which the social payment is transferred. Otherwise, to receive a pension, you will have to stand in line at a bank branch. The same problem is faced by people who receive payments through the Russian Post.
Secondly, the possibility of issuing additional cards to the account is of great importance. If the pension card is used as a "common pot", then all family members should have access to the funds. In this case, one card will not be enough.
Third, you should ask in advance about the number of ATMs in the city. It makes no sense to issue a payment instrument at a large bank if there are no ATMs of this credit institution or its partners in your city. Cashless payment for goods in any case will be free. But for the withdrawal of funds you will have to pay a commission.
If the social benefit is not spent immediately, but is accumulated in the account, then it makes sense to ask about the interest rate on the balance of funds. Most banks provide this service. But subject to fixing a certain amount on the account for at least a month.
Terms of Sberbank
Sberbank's pension card enables holders to receive an additional 3.5% on the balance of their own funds. At the request of the client, you can issue additional plastic for 150 rubles and pay the same amount for annual maintenance. If the PIN is blocked orloss of the card will have to pay 30 rubles.
Entering Internet banking without first connecting SMS informing is not possible. The password for authorization and making all transactions is sent in the form of an SMS message. After registration, the first time you log in, you need to change your password. After that, you can manage the account to which the pension card is connected. Interest is accrued on the balance of own funds in the account at a rate of 3.5% per annum. Payment is made once a year.
Social pension cards have two serious drawbacks. They are valid only at ATMs of third-party institutions. That is, it will not work to go abroad with such a payment instrument.
Service Packages
Sberbank's pension card can be serviced according to one of the following tariff plans: "Full" and "Economic". In the first case, each operation must be confirmed with a one-time password, which will be sent as an SMS message to the specified phone number. It will also contain all the information about the movement of funds in the account. The monthly subscription is 30 rubles. The "Economical" package does not provide for informing customers about completed transactions, but messages with a 3D code required to confirm transactions will be received.
Bank of Moscow
In addition to Sberbank, several other institutions in the country produce social "plastic". A pension card in the Bank of Moscow is issued within 10 days. With the help of Visa Electron, you can participate in auctionsprograms for goods, medical care, receive benefits for travel on the subway, surface transport and on the railway.
Pensioners may not take out a medical policy when visiting a hospital. All their data is already entered into the card. Plastic holders can get a loan in the form of an overdraft for 2.5 months in a maximum amount of 98% of the average pension amount and repay it from all incoming payments.
Rosselkhozbank
This credit institution issues a free MasterCard Country card immediately upon visiting a branch. 7% per annum is accrued on the account balance. You can withdraw money through ATMs of Promsvyazbank and Alfa-Bank. The holder is informed about the crediting of amounts to the account in the form of an SMS message.
As part of the "Pension" package, up to eight additional cards of a local payment system or MasterCard Worldwide are issued. Citizens of the Russian Federation who receive a pension or any other social benefits can become participants in the program. The account is opened in Russian rubles.
AKTIV BANK
This institution's pension card can be used to receive payments from a (non) public FIU. On the balance of savings, 5% will be charged monthly. Holders receive information about the receipt of funds to the account in the form of SMS notifications. The cost of this service is 30 rubles. per month. You can manage funds around the clock, paying for goods at retail outlets and via the Internet. You can withdraw cash without commission only at "native" ATMs.
Other offers on the market
The pension card of the "Khanty-Mansiysk Bank" allows holders to accumulate an additional 4% per annum on the balance of funds. Directly through ATMs, you can pay for utilities and telecommunications services, taxes.
Holders of social plastic "PrivatBank" receive on the balance of the account, which exceeds 3 million rubles, 7% per annum, but for withdrawals through the cash desk you have to pay 1%. You can apply for a card only at the branch upon presentation of a passport, pension certificate and a certificate from the social security authority.
Conclusion
Every person chooses the best pension card for himself. The number of servicing banks in the market is small, but the conditions for each are almost the same. Opening, maintaining an account, crediting social benefits are always free of charge. But for prompt informing about all movements on the account, connection of additional cards, you will have to pay a commission.
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