VTB 24 salary cards: design and benefits

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Many credit institutions offer current programs for payroll clients. For example, one of these products operates in the large Russian bank VTB 24. We will talk about how to open VTB 24 salary cards, connect online banking, overdraft, and much more in our article.

What payroll products are available at VTB 24?

Salary cards are a unique banking product based on the international payment systems Visa and MasterCard. They facilitate the work for accountants of large and small enterprises, since it is on this piece of plastic that wages and advances are credited. In other words, these cards resemble debit cards, but with the ability to receive wages on it.

Currently, VTB 24 payroll cards are issued in the following types:

• "Standard";
• "Classic";
• Gold;
• Platinum.

On what conditions is a bank card opened?

Each of the varieties has its own tariffs and positive aspects. For example, for category cards"Standard" and "Classic" set a daily limit on cash withdrawals within no more than 100,000 rubles. Gold class cards have 200,000 rubles, and Platinum cards have 300,000 rubles. We will tell you how VTB 24 salary cards are opened further.

It is worth noting that often the conditions for their use directly depend on the type of banking agreement, as well as on the number of employees of the enterprise involved.

How can I open?

Before issuing VTB 24 salary cards, an enterprise or organization must conclude a cooperation agreement with a bank. Also, a company interested in partnership is obliged to choose a salary project suitable for it and a type of plastic card, which will subsequently be used by its employees.

At the next stage, bank representatives, as a rule, come to an enterprise or company and in general terms introduce the staff to the cards and their tariffs. Then they leave in the accounting department the required (according to the number of employees of the organization) number of questionnaires, which are filled in by each employee personally. To fill out such questionnaires, you must have a passport and an identification code.

After that, accountants collect questionnaires and carry them to VTB 24 bank. Each employee of an enterprise participating in the salary project of a financial institution can issue a salary card in this way.

Note: at large industrial enterprises, the collection of questionnaires is most often done by bank representatives themselves.

How and wherereceive?

You can get a plastic card during a personal visit to the bank with a passport. Or the obligation to issue “priceless plastic” falls on the shoulders of the accountants of an enterprise or organization, and individually each employee is issued a VTB 24 salary card. The conditions for obtaining it are reduced to presenting a passport and signing a document on issuing “plastic”.

How long does it take?

From the moment of filling out the questionnaire and until receiving the card, it does not take too long. As a rule, it is 2-3 (rarely 4) weeks.

When the card is renewed and when it is not

At the end of its validity period, it is automatically renewed and reissued. If your employer terminated the contract with the bank, or you switched to another credit institution, then the service of such "plastic" in VTB 24 is suspended. Overdraft on a salary card, the conditions for its registration and use are discussed further.

Who pays for the cards and their maintenance?

For the cards ordered from a credit institution and their maintenance, as a rule, the employer pays. However, if any employee who plans to continue using the VTB 24 salary card leaves his company, then he will have to fork out annually in the amount of 150 to 2,500 rubles, depending on the type of open card.

VTB 24 salary card: overdraft

When receiving "plastic", many employees of the enterprise have a lot of questions related to the overdraft. ForLet's start by clarifying the situation. An overdraft is a kind of microloan, for which there is no need to collect a standard package of documents for banks and provide a certificate of income to VTB 24. An overdraft on a salary card (we will write the conditions for its provision below) in this case allows the owner of the "plastic" to receive this microloan, exceeding the current balance of funds on the card account without any extra effort. When might you need it?

Suppose your next paycheck is a week away and you run out of money. That's when an overdraft will come to your aid.

Is the overdraft connected to the salary card?

Almost all of them already have an overdraft. You can find out about the availability or absence of this service at any branch of the bank. How to connect an overdraft (VTB 24)? The salary card, if desired, is connected to the service on the day of treatment. This happens on the basis of an application and a passport in any branch of a financial organization. The shutdown system works similarly.

What are the conditions for an overdraft?

Depending on the type of card, the amount of the overdraft is up to ½ of the monthly salary of an employee of the enterprise. For example, the maximum limit of "plastic" class "Standard", "Classic" and "Gold" is up to 300,000 rubles. In the Platinum category, its amount reaches 750,000 rubles.

At what percentage is an overdraft issued?

Money before payday can be takenat 28% per annum. At the same time, this type of microloan, unlike credit cards of this level, does not imply an interest-free period. Therefore, from the first day of using the funds until their final repayment, the bank charges its own interest.

How is it redeemed?

Repay the overdraft as soon as possible. Otherwise, a decent amount of interest will increase for the use of borrowed funds. However, as a rule, repayment of such a loan occurs at the next payroll to the debtor. Moreover, from the funds credited to the card, a certain amount is first charged to pay off interest, and only then - the entire remaining debt.

In case of violation of the terms of payment, the bank reserves the right to impose pen alties on the borrower in the amount of an additional 0.8% for one day of overdue debt.

How to connect online banking for a card?

You can control and perform operations on your own salary card online. To do this, you need to connect the banking service. This can be done with the help of a specialist credit organization. Passport and mobile phone number required.

What are the pros and cons?

Let's highlight the following advantages of the VTB 24 salary card:

• simple registration procedure;
• the ability to pay with a card in cafes and restaurants, shops;
• obtaining additional discounts on purchased goods from bank partners;
• possibility to use overdraft facility;
• opportunity to participate in bank loy alty programs;
• managementcard online;
• booking tickets;
• possibility to use the card abroad;
• instant payment for mobile communications, Internet and utilities;
• carry out any payment transactions using secure 3D Secure technology;
• opportunity to get an additional loan for personal needs with a minimum package of documents and preferential rates.

Among the shortcomings of the map, the following can be emphasized:

• having a high interest rate for using credit money;
• complete absence of an interest-free period;
• interest accrual from the first day of using the loan;
• the presence of pen alties for exceeding the limit and late payments;
• cancellation of the credit limit upon dismissal of an employee from the company participating in the salary project;
• the need to pay for out-of-pocket service in case of dismissal with further use of "plastic".

In a word, the registration of a salary card in VTB 24 is associated with both a lot of positive and negative points. Therefore, when opening such a card, pay attention to this and act according to the circumstances.