When the time comes to formalize a pension, a person faces the question: «Where to receive the payment – at the bank or at the post office?»
Under current legislation, every pensioner has the right to choose the method of receiving a pension. Receiving a pension through a postal service branch or through authorized institutions of banks – is the personal choice of every elderly person.
Not everyone knows that receiving a pension through a bank can bring additional income and other benefits. Find out how with the help of banking services, the life of a pensioner can be made easier.
Opportunity one: choose a bank that is the most convenient for you
When determining the choice of bank where you will receive your pension, the simplest is to settle on the institution whose branch is the closest to your home. But you should know that annually the Ministry of Finance of Ukraine determines the list of banks that can provide services for the payment of pensions, monetary assistance, and salaries to employees of budget institutions. Based on the results of the competitive selection, the Ministry of Finance of Ukraine chooses for cooperation reliable banks with good financial indicators, which are participants of the Individuals' Deposit Guarantee Fund. JSC «CIB» is also included in the list of banks authorized for social payments.
Opportunity two: fast and free service
Under the conditions of the Ministry of Finance of Ukraine, the servicing of a pension account is free, and the pension itself is credited by the bank to the pensioner's account no later than the next business day after its transfer by the Pension Fund. Unlike the bank, if funds are received through a postal communication branch, the path of funds from the Pension Fund of Ukraine to the postman lasts longer - three business days. If funds are financed on Friday, then the pensioner will receive them only the next Tuesday. That is, the payment of pensions through a bank significantly reduces the term of circulation of funds for the payment of pensions and monetary assistance.
Pension recipients through the bank have one more indisputable advantage. If a pensioner for some reason was unable to come for payment at the post office, the funds after the 25th day are returned to the Pension Fund, and they can be received only in the following month. Funds that are transferred to a bank account remain available at any moment after arrival on the account or card.
An account for receiving a pension is opened by the bank free of charge and requires the provision of a minimum package of documents – it is enough to just provide the bank with the original passport and the registration number of the taxpayer's record card (RNTRC) (previously the individual tax number (ITN)). It is not necessary to visit the territorial department of the Pension Fund, on whose register the pension recipient is – banking institutions submit the application for opening an account on their own.
Opportunity three: receive additional income
A pension card can become not only an instrument for receiving a pension, but also bring additional benefits to its holder. The most noticeable of them – is the accrual of interest on the balance of funds: at JSC «CIB» they offer 12 % per annum in hryvnia. However, the «pluses» are not limited to this.
Opportunity four: use special conditions on deposits
If the interest rate on the pension card is not enough for you, then you can additionally open a deposit account at higher interest rates.
The bank provides increased rates on deposits for pensioners. This is a special
Loyalty Program - an additional bonus for pensioners to the rate on regular deposits.
Opportunity five: use all the capabilities of a pension account or card
The bank has the option of opening a pension account without a card. In such a case you will have to go to the branch every month and receive the pension at the cash desk or entrust this to your loved ones by formalizing a power of attorney for them. With the help of a pension account you will be able to:
receive monetary funds that arrive on the account in cash form at the cash desks of JSC «CIB» branches; transfer your funds in non-cash form to accounts of individuals and legal entities; safely store free funds for an indefinite term and receive additional income in the form of interest accrued on the balance of funds; 24-hour support of the JSC «CIB» Contact-center.
There is also another, more convenient option - opening a pension card account, with the help of which you can receive additional advantages to those listed above, namely:
receive for free monetary funds that arrive on the account in cash form not only at the cash desks of JSC «CIB» branches but also at ATMs of any bank on the territory of Ukraine; find out about the accrual of pension via SMS. In anticipation of a pension, it is not necessary to go to the bank or ATM every day to check the balance on the account. It is enough to connect the SMS-informing service – and when money is transferred to the pension card, you will immediately know about it: you will receive a notice on your personal mobile phone. Also with the help of sms-informing You can control the movement of funds on your card account; receive on the card monetary funds from individuals (replenishment of accounts by the account holder or another individual in cash through the Bank's cash desk, POS terminal, and other payment devices); control the state of the card account from any point in the world via the Internet (the internet banking service «CIB-online»); pay for services and goods on the Internet; issue an additional card for a trusted person.
Thus, the payment of pensions through a banking institution – is a modern, convenient way that allows pensioners to have 24-hour access to managing their finances thanks to the bank's online support, make purchases, pay utility and other services via the Internet, etc.
Commercial Industrial Bank sincerely invites pensioners and recipients of monetary assistance to service at the Bank. Detailed information on service on the
website of JSC «CIB», by phone of the Contact-center 0 800 501 200 (calls are free within Ukraine) or at
the Bank's branches.
