Conversion Structure

Conversion for a card transaction (at an ATM, POS terminal and on the internet). 

Conversion Structure

The Terabank card account is a multi-currency account which must be opened in the following four currencies: USD, EUR, GEL or GBP.

If the currency of the transaction amount matches any currency of the account (USD, EUR, GEL, GBP), the amount will be debited from the account in the corresponding currency. If there is an insufficient amount in the account, the amount of the transaction is converted from the account that has more money in the balance to fill the mentioned account. 

When the currency of the transaction amount does not match any account currency (USD, EUR, GEL, GBP), the amount will be deducted from the USD account. If there is not enough money in the USD account, the transaction amount is converted from the account with more money to fill it.

The bank serving the ATM abroad often adds a withdrawal fee to transactions made with Terabank cards. Its amount is not known to Terabank but a warning about the presence of a fee appears on the ATM screen in advance and so the transaction is completed only after confirmation by the user.

Visa Classic

Visa Classic

30 GEL Issuance Fee
2 Years Card Validity

Visa Travel

Visa Travel

2 Years Card Validity
100 GEL Issuance fee

Mastercard Standard

Mastercard Standard

30 GEL Issuance Fee
2 Years Card Validity

Mastercard Travel

Mastercard Travel

2 Years Validity Period
100 GEL Service Fee

Credit Card

Credit Card

2 Years Validity Period
Free Issuance Fee

Mastercard Gold

Mastercard Gold

GEL 100 Issuance Fee
2 Years Card Validity

Visa Infinite

Visa Infinite

Free Issuance Fee
2 Years Card Validity

Visa Platinum

Visa Platinum

250 GEL Issuance Fee
2 Years Card Validity

Visa Royal

Visa Royal

2 Years Validity Period
Free Issuance Fee

Visa Gold

Visa Gold

GEL 100 Issuance Fee
2 Years Card Validity

Tariff Packages

Tariff Packages

Get an offer for a combination of banking products to meet your needs,

Junior Card

Junior Card

2 Years Validity Period
Free Issuance Fee

Dynamic Currency Conversion Service DCC (Dynamic Currency Conversion)

A bank serving a POS terminal or an ATM abroad, instead of paying or cashing out in that country's currency, often offers the customer an alternative option in the form of Dynamic Currency Conversion (DCC). The DCC service operates in more than 66 currencies and is the income of the bank serving the POS terminal or ATM.

How does the DCC service work?

  • At the moment of payment with international Mastercard and Visa cards or cashing out at an ATM, the foreign merchant offers the client the opportunity to perform the transaction in GEL or another country's currency.
  • During the process of the payment or cash out using the DCC service, the merchant/POS-terminal or the ATM service bank is obliged to transparently inform how much the user will pay or cash out during the payment (purchase) or cash out in GEL or other currency by displaying this information on the screen of the ATM or the POS-terminal. Accordingly, the user chooses the currency and then confirms the desired option.
  • After confirmation and execution of the DCC service, the customer's cheque shows the conversion rate, the relevant currency and the amount that will be debited. This helps the user to choose the currency with which to pay or cash out with the card and at the same time monitor the balance of the card in the relevant currency.
  • The transaction is converted at the time of purchase or withdrawal by the POS terminal/ATM serving bank before the transaction is authorized. The conversion rate is set by the bank servicing the POS terminal or the ATM as it represents its income. In case of DCC, Terabank does not earn any income.

What is the benefit of the DCC service for the cardholder?

  • The user has the option of choosing a currency and transparently sees the converted amount before confirming the transaction.
  • The user knows and selects the currency exchange rate before the transaction.
  • As a result of the service, the user receives an easy-to-understand cheque and card statement. The service also has the ability to show the card’s balance.

Card Safety

Card Safety

Protect your card from illegal operations.

Card Delivery Service

Card Delivery Service

Get a plastic card from the comfort of your home.

3D Secure

3D Secure

Secure online card payments.

Current Account: Opening and Maintaining

Current Account: Opening and Maintaining

Conduct a variety of banking transactions in any currency.

Conversion Structure

Conversion Structure

Conversion for a card transaction.

Google Pay

Google Pay

Simplify your payments while using Google Wallet.

Nominal Account

Nominal Account

Protect clients' interests and ensure the safety of their transactions.

SMS Signature

SMS Signature

SMS code instead of signature – save time and take care of the environment.

Apple Pay

Apple Pay

Add your card to Apple Wallet and pay with just a tap.

Escrow Service

Escrow Service

Take advantage of Escrow Services and protect yourself from unnecessary risks.

Remote Services

Remote Services

Use Terabank services without leaving your home.

Onboarding

Onboarding

Become a Terabank's customer with an online registration.

Got more questions?

info@terabank.ge Send us a message
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