Iran has launched a national bank card system for foreign tourists as a temporary alternative to international payment networks.
Due to sanctions restricting Visa and MasterCard, Iran now allows tourists to open temporary bank accounts and exchange currency at the official rate. Cards remain valid for the visa duration (or 3 months for visa-free travelers), with unused funds refunded in the original currency. However, exchanging cash at the black market rate (20-30% better) remains an option.
Approved by the Central Bank of Iran in November 2024, this initiative reduces risks for travelers carrying large amounts of cash.
Frequently asked questions
1. How to get a card in Iran?
At partner banks with a passport and visa (if required).
2. Which banks issue cards?
Approved by Iran’s Central Bank (e.g., Mellat, Melli Bank).
3. Can I use the card after leaving Iran?
No, validity ends when your trip does.
4. What’s the exchange rate?
Official Central Bank rate (less favorable than the black market).
5. What happens to unused money?
Refunded in your original currency upon card closure.
6. Are there fees?
Check with your bank—conversion fees may apply.
7. Do cards work online?
Only for domestic Iranian transactions.
8. Alternatives to cards?
Cash (better rates on the black market) or cryptocurrencies.
9. Rules for Russians?
Same as other tourists—requires a passport.
10. How long does processing take?
Typically 1–2 business days.
11. Can I withdraw cash?
Yes, at Iranian ATMs.
12. Which currencies are accepted?
USD, EUR, RUB—converted to rials.
13. Are there spending limits?
Varies by bank; confirm during application.
14. Is card insurance included?
No, but funds are bank-protected.
15. Where to find more info?
Iran’s Central Bank website or embassy.
Photo source: https://ru.123rf.com/
For more information, please contact the consultants of the Confidence Group company.
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