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What is Business Package
Business Package is a special corporate tariff offer for companies and sole entrepreneurs, which allows them to use a number of banking services without paying for each transaction separately. Companies using the Business Package pay a monthly package fee and get entitled to certain limits of free banking services.
What are the benefits of Business Package
- A number of free banking services
- Sizable savings on banking costs in case of Business Package limit full utilization
- Predictable banking costs instead of increasing expenses depending on transaction volumes and numbers
- Interest accrued on AMD current account
- Preferential tariffs for international remittances after Business Package limit utilization
What offers Business Package
Important Note
Companies may choose both currency pairs of the Business Package simultaneously by paying for each package separately.
Encashment of non cash funds in USD (at branches) - Monthly total limit USD 10,0001
Outward Remittances in USD - Monthly total limit USD 30,000, up to 3 outward remittances1
Transfers in AMD (within Armenia) - Unlimited
Interest on Current account - 1% annual interest rate, accrued on up to AMD 7,000,000 current account balances2
Internet Banking - Preferential tariffs on HSBCnet setup and training
Trade and Supply Chain services - One-off preferential pricing for new-to bank customers on Issuance of Documentary Credits, International Bank Guarantees, Standby Letter of Credit, Deferred Payment Bill
1 Applicable to the total volume and number of transactions performed by all USD accounts.
2 Interest accrues daily on current account balances and is applicable to the Business Package AMD account(s) only. Interest applies to the account balances up to the specified AMD 7,000,000 threshold and continues to accrue on this amount, even if the account actual balances exceed this threshold. The accrued interest is paid monthly on AMD current account(s) of the Business Package.
Encashment of non cash funds in EUR (at branches) - Monthly total limit EUR 7,5001
Outward Remittances in EUR - Monthly total limit EUR 20,000, up to 3 outward remittances1
Transfers in AMD (within Armenia) - Unlimited
Interest on Current account - 1% annual interest rate, accrued on up to AMD 7,000,000 current account balances2
Internet Banking - Preferential tariffs on HSBCnet setup and training
Trade and Supply Chain services - One-off preferential pricing for new-to bank customers on Issuance of Documentary Credits, International Bank Guarantees, Standby Letter of Credit, Deferred Payment Bill
1 Applicable to the total volume and number of transactions performed by all EUR accounts.
2 Interest accrues daily on current account balances and is applicable to the Business Package AMD account(s) only. Interest applies to the account balances up to the specified AMD 7,000,000 threshold and continues to accrue on this amount, even if the account actual balances exceed this threshold. The accrued interest is paid monthly on AMD current account(s) of the Business Package.
| Business Package monthly service fee |
AMD 20,0001 |
| Business Package account opening fee |
Free of charge |
| Encashment of non cash funds in USD/ EUR (at branches) | Free of charge2 |
| Outward remittances in USD/EUR | Free of charge2 |
| Transfers in AMD (within Armenia) | Free of charge |
| HSBCnet set-up and training | AMD 15,000 |
| Documentary Credits (DC) issuance | 0.25% of the DC amount for the first quarter or a part thereof 3 |
| Issuance of International Bank Guarantee, Standby Letter of Credit, Deferred Payment Bill | Bank standard tariff minus 0.5%3 |
After utilization of the Business Package monthly limits
Encashment in USD/ EUR (at branches)4
| up to 1,000 | AMD 2,000 |
| 1,000 and above | 0.5% |
| Outward Remittances in USD/ EUR | 0.2% minimum AMD 6,0005 |
1 Charged form the Business Package AMD current account at the beginning of each month. In case of insufficient balances, the monthly service fee may be charged from other accounts. If the charge is being deducted from a foreign currency account, the exchange transactions will be conducted at the Bank’s buy exchange rate defined by for the respective currency. In case of Business Package termination monthly service fee of the subject month will not be reimbursed.
2 Only in case of not exceeding the limits specified in the “What offers Business Package” section of the booklet.
3 Applicable to the first transaction only, for customers with banking history not exceeding three months.
4 Not applicable in case of exchange and/or transfers from customer’s other accounts (provided funds were deposited in cash) and in case of cash withdrawals under credit facilities (excluding credit cards) provided by the Bank.
5 Outward remittances of funds paid in cash.
