HSBC Armenia - Homepage
Money Transfers/ Demand Drafts
In AMD (within Armenia)
| Transfers from account 1 | AMD 1002 * |
| Credit of received funds to customer account | Free |
| Amendment or cancellation of payment instructions | AMD 5,0003 |
| Demand draft issuance | AMD 6,000 |
Transfers in Foreign currency
- This is an efficient and secure way of transferring and receiving foreign currency funds
- Explanations and instructions may accompany the payment
- The Bank effects transfers in the following currencies USD EUR GBP RUB CHF AUD AED HKD CAD JPY GEL CNY
| Transfer amount | Commission |
| In USD/EUR | |
| Outward remittances of funds paid in cash | 0.3% |
| Outward remittances of non-cash funds/subject to foreign currency exchange | 0.1% |
| Outward payments in foreign 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) | |
| Customers, 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 | Commission |
| 50,000 - 100,000 | 0.2% |
| 100,000 and above | 0.1% |
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| Other Conditions | |
| Transfers between accounts held at the Bank | Free |
| Amendment or cancellation of foreign currency payment instruction | AMD 20,0005 |
| Credit of foreign currency inward remittance amounts to account | AMD 6,000 |
Important notes
- 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 either at the expense of beneficiary or remitter, at customer's decision and with the prior consent of the bank
- Commissions if intermediary/beneficiary bank charges are paid by the remitter:
| outward payments in USD to any bank located in the United States | AMD 5,000 |
| outward payments in USD to any bank located outside the United States | AMD 10,000 |
| outward payments in other foreign currencies | AMD 5,0004 |
- Commission for outward remittances 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
Requisites for wire transfers:
If you wish 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 If the payment instruction (for amounts of up to AMD 25 million) 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.
2 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the buying rate defined by the Bank for the respective currency
3 If the transaction has been effected via HSBCnet, a reduced charge of AMD 3,000 will be applied
4 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.
5 If the transaction has been effected via HSBCnet, a reduced charge of AMD 15,000 will be applied
* No charge will be applied, if the payment instruction has been received via HSBCnet or Internet Banking.
