Terms & conditions for Receiving ATM Card for International Tourists

The ATM Card, hereinafter referd as “the card” will be issued for all international tourists and travelers on their request by Iranian Bank Sepah booths located in international airports, in order to receive the card the following items should be taken into consideration by the applicant:

1) Maximum amount to be deposited will be US$ 5000 and the minimum would be US$100 or it’s equivalent in other currencies ( Canadian Dollar, Euro, Pound, Swiss Franc, United Arab Emirates Dirham, and Yen).

2) The card is accepted by all hotels, restaurants and shops equipped with POS sets.

3) The card will be submitted to the customer with a password is not transferable. The holder of the card should not reveal the password.

4) If the card is lost or stolen, or the password is forgotten, please do not hesitate to inform the nearest Bank Sepah branch. If so, the card will be rendered void and a new one would be issued against the related charges. Otherwise the bank will have no liability for the probable loss incurred by the account holder.

5) The on-demand refund of the account balance will be undertaken and guaranteed by the Bank.

6) In case of important of ATMs or the Bank’s failure and consequently debiting any amount from customer’s account the Bank is obliged to compensate the amount.

7) In case the customer receives funds exceeding the remaining balance he/she is obliged to inform the Bank and within two working days after the notification , return the amount to the Bank. In case of refusal to do so, he/she will be charged on a daily basis with %30 of the amount at issue from the date of utilization such of such funds up to the date of fulfilling the obligations. The Bank is authorized to debit any of the customer’s accounts in respect of the aforesaid funds.

8) Electronic operations being recorded in computer system files, and also documents, books and the Bank reports will be valid against the card holder’s claim.

9) The bank is obliged to provide the customer with the access to ATMs round the clock.

10) The customer irrevocably authorizes the Bank through this contract, to debit his/her accounts in respect of any of the Bank’s claim including the cost of issuance, dispatch, extension of the Card, commissions and charges of collected checks issued by other cities or to acquire other assets of the customer of the equivalent value.

11) In case of the death of the card holder, the balance of his/her card will be paid to his/her legal inheritor against presenting the probate and certificate of inheritance tax.