Araratbank review

Currency conversion runs at 1.5%. That is well above the 1% median across the site and above the 2.2% upper quartile. For comparison, Wise lists 0.1% and Monzo Flex lists 0%, so conversion-heavy users pay more here.

The card is virtual, running on the mastercard network. It is listed as a multi-currency, virtual card, so it can be created and kept in the app rather than collected in person. Anyone wanting a plastic card to hold would need a different provider.

The account is multi-currency with 5 currencies listed. The feature set confirms multi-currency alongside the virtual card. The exact set of currencies is the detail to check before opening an account, since the count is modest.

Free ATM withdrawals come to AMD 0, which matches the €0 median on the site and sits at the €0 floor. The €118.23 figure shows many listed cards offer more, so heavy cash users may want to check their own bank's tariff.

Support runs on phone and help centre. A help centre is the most common channel on the site at 79.6%, and phone support is also widespread at 44.7%. In-app chat, listed at 34.9% for many cards, is not part of the set here.

Araratbank is supervised by the Central Bank of Armenia, which is the regulator recorded for the country it is based in. Its headquarters country is AM. No deposit protection scheme or payment processor details are published alongside the card information.

The published card information covers the virtual Mastercard and does not list a monthly charge. Most cards on the site carry no monthly fee, with €0 at the median. Confirm the current tariff with the bank before opening, as the card details here focus on conversion and ATM costs.

Araratbank charges 1.5% on conversion, against 0.1% at Wise. That difference is the main reason to look elsewhere if you convert money often. Wise also serves a broader currency list, while this card covers 5.