Many credit organizations offer salary programs that are relevant today. For example, one of such products operates in a large Russian bank VTB 24. How to open VTB 24 salary cards, connect online banking, overdraft, and much more, we will tell in our article.
What salary 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 the salary and advance are credited. In other words, these cards resemble debit cards, but with the ability to receive wages on it.
Currently, VTB 24 salary cards are issued in the following types:
- "Standard";
- "Classic";
- "Gold";
- Platinum.
On what conditions does a bank card open?
Each of the varieties has its own tariffs and positive aspects. For example, standard and classic cards have a daily cash withdrawal limit of not more than 100,000 rubles. Gold class cards have 200,000 rubles, while Platinum cards have 300,000 rubles. We will tell about how VTB 24 salary cards are opened.
It should be noted that often the conditions for their use directly depend on the type of bank agreement, as well as on the number of employees involved in the enterprise.
How can I open it?
Before issuing VTB 24 salary cards, an enterprise or organization needs to conclude a cooperation agreement with the bank. Also, a company interested in partnership is obliged to choose a suitable salary project and type of plastic card, which will subsequently be used by its employees.
At the next stage, representatives of the bank, as a rule, come to the enterprise or company and, in general terms, introduce the staff to the cards and their rates. Then they leave in accounting the necessary (by the number of employees of the organization) number of questionnaires that are filled out by each employee personally. To fill out such questionnaire sheets, you must have a passport and identification code.
After that, accountants collect questionnaires and bring them to VTB 24. Every employee of the company participating in the salary project of a financial institution can apply for a salary card in this way.
Note: at large industrial enterprises, bank representatives themselves are most often involved in collecting questionnaires.
How and where to get it?
You can get a plastic card on a personal visit to the bank with a passport. Or the obligation to issue “priceless plastic” rests with the accountants of the 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?
Not much time passes from the moment of filling out the questionnaire until receiving the card. As a rule, it is 2-3 (less often 4) weeks.
When is the card extended and when not
At the end of its validity, an automatic extension and reissue takes place. If your employer terminated the contract with the bank, or you switched to another credit institution for servicing, then service of such a “plastic” at VTB 24 is suspended. Overdraft on a salary card, we discuss further the conditions for its processing and use.
Who pays for cards and their service?
As a rule, the employer pays for the cards and their service ordered at a credit institution. However, if any employee leaves his company who plans to continue using VTB 24's salary card, then he will have to shell out an amount of 150 to 2,500 rubles annually, 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 overdraft. First, let's clarify the situation. Overdraft is a kind of microloan, for which there is no need to collect a standard package of documents for banks and provide a statement of income to VTB 24. 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 on the card account without unnecessary efforts. When can you need it?
Suppose a week is left until the next salary, and you have run out of money. Then, an overdraft will come to your aid.
Is overdraft connected to a payroll card?
Overdraft is already connected to almost all of them. You can find out about the presence or absence of this service at any bank branch. How to connect overdraft (VTB 24)? The salary card, if desired, is connected to the service on the day of contact. This happens on the application and passport in any branch of a financial organization. The shutdown system works similarly.
Under what conditions is an overdraft granted?
Depending on the type of card, the overdraft amount is up to ½ the size of the monthly salary of an enterprise employee. For example, the limit limit for “plastic” of the “Standard”, “Classic” and “Gold” classes is up to 300,000 rubles. The category "Platinum" its size reaches 750 000 rubles.
At what percentage is an overdraft issued?
Money before salary can be borrowed at 28% per annum. Moreover, this type of microloan, unlike credit cards of this level, does not imply an interest-free period. Consequently, from the first day of using the funds until their final repayment, the bank charges its interest.
How is it repaid?
Redeeming the overdraft is as early 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 its funds credited to the card, the nth amount is first charged to pay interest, and only then - all remaining debt.
In case of violation of the terms of payment, the bank reserves the right to apply penalties to 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 monitor and perform operations on your own payroll card online. To do this, you should connect the banking service. This can be done with the help of a specialist credit institution. A passport and a mobile phone number are required.
What are the pros and cons?
We highlight the following advantages of VTB 24 salary card:
- simple procedure for registration;
- the ability to pay by card in cafes and restaurants, shops;
- receiving additional discounts on purchased goods from bank partners;
- the ability to use overdraft;
- the opportunity to participate in bank loyalty programs;
- online map management;
- booking tickets;
- the ability to use the card abroad;
- instant payment of mobile communications, Internet and utilities;
- implementation of any payment transactions using safe 3D Secure technology;
- an opportunity to get an additional loan for personal needs with a minimum package of documents and preferential rates.
Among the disadvantages of the card, the following can be emphasized:
- the presence of a high interest rate for the use of credit money;
- complete absence of an interest-free period;
- interest accrual from the first day of using the loan;
- the presence of fines for exceeding the limit and late payments;
- cancellation of a credit limit upon dismissal of an employee from a company participating in a salary project;
- the need to pay for service from your pocket in case of dismissal with the further use of "plastic".
In a word, drawing up a payroll card at VTB 24 is associated with both a host of positive and negative aspects. Therefore, when opening such a card, pay attention to it and act according to circumstances.