OREANDA-NEWS. August 03, 2011. Reacting to the more active usage of payment cards by the residents of Lithuania and desiring to encourage it, Bank SNORAS improves its payment cards system: it will permit to link several cards with the same account, will postpone the credit limit usage interest for 45 or 30 days, reported the press-centre of Bank SNORAS.

“We noticed that the residents and companies of Lithuania devote more attention to a more effective management of their finances. Therefore, since 1st August we implement the solutions which will help to use the funds in the accounts more conveniently and effectively. A family can have one bank account and each its member – a payment card corresponding to his needs and possibilities, with the established limits of expenses. In this way the family funds will not have to be reallocated every month, and it is easier to control expenses,” states Elvyra Kazandzi, the director of Bank SNORAS Payment Cards Department.

Since 1st August the bank's client will be able to link to one account various combinations of payment cards; for example, to choose together both the debit and credit cards, etc. According to E. Kazandzi, such possibility is also convenient for travelling people because different payment systems (most often “Visa” or “MasterCard”) are more popular in various countries.

The aforementioned service also caters to the companies' employees who make payments with the mutual funds of the company for goods, fuel, travel expenses, etc. They can receive for these settlements the payment cards linked to the main account of the company.

At the beginning of July 2011, Bank SNORAS had issued 194.1 thousand debit payment cards with the credit limit. The average size of the payment cards credit limit reaches LTL 2.8 thousand. Additionally to the possibility of using the available credit limit, since 1st August the credit limit interest payment scheme with postponement will start to be applied. It means that clients will be able to choose so that the interest would begin to be calculated for them not since the beginning of using the credit limit but would be postponed for a certain time. Presently Bank SNORAS offers the possibility to postpone the credit limit usage interest for 45 or 30 days.

Seeking to contribute to a more effective management of the family budget and taking into consideration the clients' needs, the payment cards in Bank SNORAS are now issued to children from 7 years of age as well. Such cards are much safer than ordinary ones because the operations limit is established for them – only LTL 100 can be cashed from them per day. The parents and guardians of children from 7 up to 14 years of age are completely responsible for actions performed with such payment card. “Visa Electron” or “Maestro” cards in Bank SNORAS are provided to children without additional and annual fees of card administration.

At the beginning of July 2011, Bank SNORAS had issued to residents and companies more than 494 thousand cards, among them 375.3 thousand debit cards and 118.9 thousand credit cards.