Current account

Current account is opened to your name and used to deposit money, cashless settlement and money transferring. Only the account holder and persons specified by the account holder have access to the account.

Account statement

Account statement is a statement issued by the Bank at your request which reflects your account transactions.

Deposit

Cash and securities to gain a profit as interest accruals. In IBA you can be issued term deposits with unreplenished account balance and accumulative deposits with additional installments ( more details on IBA's deposits page…).

Interests from Deposit

Interest charges - sum paid to depositor by the bank. Amount of interests accrued depends on term, interest rate and deposit currency. In accordance with type of deposit interest accruals can be paid per month, quarter and annum or at deposit expiration date. Interest accruals can be transferred to holder's plastic card.

Debit Card

Debit (or electronic) plastic card allows expending money within the limit, accumulated on appropriate card account ( more details on IBA's plastic cards page…).

Credit Card

Plastic credit card allows expending money within the limit having on appropriate card account and allowable credit limit to be determined by the Bank after correspondent agreement with the customer ( more details on IBA's plastic cards page…).

PIN-code

A set of numbers used as a password for access to an account when withdrawing cash from ATMs with plastic cards.

POS-terminal

Machine installed in different commercial points and allowed paying for goods and services with the card.

ATM

A device which allows withdrawing cash from your card account with plastic cards, getting an update on the account status, making utility and other service payments.

Traveler's cheques

A traveler's cheque is an obligation of the issuer to pay the nominal value (amount) of the cheque upon submission ( more details on IBA's plastic cards page…).

Deposit Cell (Vault)

Deposit cell - vault organized in special equipped room (Bank's depositary) and purposed to keep valuables.