OREANDA-NEWS. December 03, 2015. To provide its clients with more opportunities in using their payment cards on a daily basis, as well as on trips abroad, DNB Bank has chosen one cooperation partner – the international credit card organisation VISA – in improving its payment card services. Therefore as of 1 February 2016 amendments will be introduced to the DNB Bank Rules and Price List.

The main changes relating to payment cards:

  • In order to make it easier for clients to protect themselves and their family against various risks during family or business trips abroad, for all VISA Classic, VISA Gold and VISA Business cards the service fee for using the card will also include travel insurance (in cooperation with ERGO Insurance SE 1) for the cardholder and their family members.
  • When renewing or receiving a new VISA Gold or VISA Business credit card, the DNB Bank cardholder will also be able to obtain a PriorityPass card giving them access to airport lounges around the world.
  • Upon the end of validity of issued cards, DNB Bank will be gradually replacing VISA Dynamic cards with VISA Debit, which will give clients broader opportunities to shop online, as well as other benefits. Galactico VISA Classic and Galactico VISA Dynamic cards will be combined into one universal payment card – Galactico VISA Debit.
  • Until now the service fee for payment cards was charged once a year, however, as of 1 February 2016 the service fee for private clients will be charged once a month.2
  • Using their payment card and PIN code, payment cardholders will be able carry out various additional transactions through DNB ATMs (such as submitting applications, signing contracts for services etc.).
  • MasterCards that have already been issued by DNB Bank will continue to work until the end of their validity, at which time they will be replaced with VISA payment cards.

Based on the aforementioned, DNB Bank has made amendments, which will take force as of 1 February 2016, to the following documents:

In the event that you do not agree to the amendments introduced by DNB Bank to the Account Maintenance and Card Usage Rules, the Term Deposit Account Opening and Maintenance Rules or the Price List, then according to the General Terms and Conditions of the Bank, prior to these amendments taking effect you have the right to unilaterally withdraw from a service contract that these amendments have affected by informing DNB Bank in writing and fulfilling all obligations placed upon you by the relevant service contract. If DNB Bank does not receive such a written notice from you within the time period given, it shall be considered that you have agreed to these amendments.