The Bank continues to improve and develop the benefits provided by its issued Mastercard Standard and Mastercard Gold cards to private individuals – residents of the Republic of Latvia, as well as emphasises the significance of the European Economic Area (EEA). As of May 1, 2020, the Bank introduces exemptions for withdrawals of cash in ATMs for its customers. Customers, private individuals – residents of the Republic of Latvia, will be able to withdraw cash using Mastercard Standard and Mastercard Gold cards issued by the Bank in Latvia and other countries of the European Economic Area (EEA) for free the first two times in the same calendar month, whereas starting from the third time withdrawals will be charged in accordance with the Price List. These benefits apply to cases when cash is withdrawn using the same card.
Significant improvements are expected in cases when the PIN code of a smartcard is blocked. Until now, the only option was to replace the card, and customers were forced to wait for the production of a new card and compensate the Bank for associated expenses. Further on, if a card is available to the card user, the customer will be able to apply to the Bank and ask for restoring the operation of the card (unblocking the card and its PIN code). After receiving the Bank’s reply, the customer will only have to perform a certain action in an ATM (withdraw cash or check the account balance) and the operation of the card will be fully restored.
The Bank introduces an additional charge for transfers by card, i.e., payments to a different institution providing financial services; debiting of an account at a different institution providing financial services; direct payments for repaying the debt; buying digital and virtual currencies; buying securities, stocks, bonds and pools; as well as other transfers of funds using the card, which result in the debiting of the Card Account.
Transaction limits of payment cards are changed. In certain cases, daily and monthly limits for purchases are increased, and daily and monthly limits for purchases on the Internet are decreased. Limits for purchases on the Internet will no longer include transactions performed with the full authentication of a card user (3-D Secure, Mastercard Identity Check/Mastercard SecureCode). Practically, this means increase of limits for purchases on the Internet, as most transactions are performed with the full authentication of a card user. Limits for purchases will still include all purchases, including those made on the Internet.
New price lists you can find here.
