Money Transfers

Basic banking

Money transfers / Demand Drafts

Efficient and secure way of transferring and receiving funds

Transfers in AMD (within Armenia)1
Transfers from account2 AMD 3003*
Credit of received funds to account Free
Amendment or cancellation of payment instructions AMD 5,000
Demand draft issuance AMD 6,000

Payments referred to Central Treasury of RA (PDF, 65KB)

Payments related to administrative penalties, charges directed to Road Police
Transfers in foreign currency
  • The Bank effects transfers in the following currencies USD EUR GBP RUB CHF AUD AED HKD CAD JPY
  • Explanations and instructions may accompany the payment

Transfers are effected according to the following charge scheme:

Transfers in USD / EUR Commission
Outward remittances of funds paid in cash
• For account holders 0.3%4
Outward remittances of non-cash funds/subject to foreign currency exchange 0.1%
Transfers in currencies other than USD/EUR
Outward remittances of funds paid in cash 3%
Outward remittances of non-cash funds/subject to foreign currency exchange 0.3%
Preferential rates (for all foreign currencies except for cases when funds were deposited in cash in currencies other than USD/EUR)
Account holders depending on volumes of their account turnover, may receive the following preferential rates:
Average monthly turnover of outward remittance volumes for last 3 months, expressed in USD
50,000 - 100,000 0.2%
100,000 and above 0.1%
Other Conditions
Transfers between accounts held at the Bank Free
Amendment to foreign currency payment instruction AMD 20,000
Cancellation of foreign currency payment instruction AMD 20,000
Payment investigation fee (can be charged irrespective of the outcome of the conducted investigation) AMD 20,000
Credit of foreign currency inward remittance amounts to account, if the remitter has not paid the charges yet AMD 6,000
Important notice on customer transactions

Important to know:

  • Minimum commission for any foreign currency outward remittance or Demand Draft issuance - AMD 6,000
  • The bank is not liable for any refund, if payment has already been effected to the beneficiary
  • Intermediary/beneficiary bank charges may be paid either at the expense of beneficiary or remitter, at customers' decision and with the prior consent of the bank
  • It is Bank's responsibility to provide receipt to customer for each provided service
  • Commissions if intermediary/beneficiary bank charges are paid by the remitter, for the beneficiary to receive the amount without any additional charges
  • outward remittances in USD to any bank located in the United States - AMD 5,000
  • outward remittances in USD to any bank located outside the United States - AMD 10,000
  • outward payments in other foreign currencies - AMD 5,0005
  • outward remittances in USD to any bank located in the United States -
    AMD 5,000
  • outward remittances in USD to any bank located outside the United States -
    AMD 10,000
  • outward payments in other foreign currencies - AMD 5,0005
  • Commission for outward payments in USD to any bank located outside the United States, where the remitter pays only the first intermediary bank charges and the beneficiary receives the amount after charges applied by other intermediary/beneficiary banks - AMD 5,000
  • HSBC Bank Armenia cjsc does not accept foreign currency transfers to its foreign exchange nostro accounts with Central bank of Armenia, with the exception of transfers received from RA banks where beneficiary is “ArmenianCard” cjsc.6
    Transfers in foreign currency should be done via HSBC Bank Armenia cjsc accounts, according to transfer requisites, terms and conditions which are available here.

Requisites for wire transfers:

To receive a foreign currency transfer, you should have the correspondent bank details/requisites, depending on the currency of funds being transferred.

Bank details required for receiving transfers in foreign currencies

1 In case of AMD transfers within Armenia, if the transferred amount contains luma, the amount will be rounded up to the decimal point according to standard rounding rule.

2 Payment instruction (for amounts of up to AMD 25 million) submitted to the Bank before 14:00 is processed same day. Payment instructions submitted to the Bank via Internet/Mobile and Phone Banking before 15:00 will be processed same day free of charge. If it is submitted to the Bank after 14:00, but not later than 15:00 and requested to be processed on the same day, a charge of AMD 5,000 will be applied by the Bank. Payment instructions submitted to the Bank via Internet/Mobile and Phone Banking before 15:00 will be processed same day free of charge.

3 Any foreign exchange transactions will be conducted at the Bank's exchange rate.

4 If the transfer has been effected via Internet/Mobile or Phone Banking services a reduced charge of 0.1% (minimum AMD 6,000) will be applied.

5 If the actual charge amount is above equivalent of AMD 20,000 the difference between already paid commission and actual charge is subject to further debiting from remitter's account.

6 Effective from 12/03/2016

* No charge will be applied, if the payment instruction has been received via Internet Banking/Mobile.

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Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 19/12/2016 15:00