OREANDA-NEWS. the Bank of Moscow launched a new product: "Pension Card" for clients receiving pensions in Moscow and the Moscow Region.

Pension Card is a special Bank of Moscow product for crediting pension and social payments, its main advantage being a quarterly paid 4% annual interest on the card balance.
— The Pension Card allows the holder to avoid bank teller queues on pension days and provides an opportunity for withdrawing funds commission free from any of the eleven thousand ATMs of the Bank of Moscow, VTB24 and TransCreditBank.
— The sms-information service is provided free of charge by the Bank of Moscow, advising the client of debits and credits on the account.
— The Pension Card can be used to make commission-free utility payments through the Bank’s ATMs within the scope of the Unified Payment Document, and also to pay city and mobile phone bills.

"The Bank of Moscow’s new product is intended specially for people who receive their pensions into bank accounts. Using the Pension Card product, the Bank’s clients will be able to manage their money conveniently and profitably", noted Natalya Konovalova, Vice President and Director of the Bank of Moscow Retail Products Department.