HSBC Armenia - Homepage
STATUS Tariffs
| Account opening and maintenance fee (current, savings, time deposit) | Free |
| Escrow1 | 0.5% of escrow amount (minimum AMD 100,000 maximum AMD 500,000) |
| Chequebook issuance (in case of current account) | Free |
| • placement/removal of "Stop Payment" instruction | Free |
| • return of a cheque due to insufficient funds | Free |
| Transactions effected in Armenian drams | |
| • outward/inward remittance | Free |
| • cash deposit/withdrawal | Free |
| Transactions effected in foreign currency | |
| • Outward remittance (USD, EUR, GBP, RUB, CHF, AUD, AED, HKD, JPY, CAD, GEL) |
0.1 %2 (minimum AMD 6,000) |
| • Commission, if intermediary/beneficiary bank charges are paid by the remitter: |
|
| • outward remittances in USD to
any Bank located in United States • outward remittances in USD to any Bank located outside United States • outward remittances in other foreign currencies |
AMD 5,000 AMD 10,000 AMD 5,0003 |
| • Commissions 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 |
| • Credit of inward remittance amounts | Free |
| • Amendment/cancellation to payment instruction |
Free |
| Cash withdrawal if funds have been received into account by a cash deposit | |
| • in AMD, USD, EUR | Free |
| • in other foreign currencies | 0.4% |
| Cash withdrawal in a foreign currency, where the funds have not been received into account by a cash deposit | 0.4%4 |
Travellers Cheques
| Issuance of cheques | Free |
| Purchase of cheques | Free5 |
Other Cheques
| Issuance of HSBC Bank Armenia cjsc Demand Drafts | 0.1%2 (minimum AMD 6,000) |
| Purchase of Demand Drafts and other cheques | Free5 |
| Returned unpaid cheque charge | AMD 10,000 (plus intermediary/returning bank charges) |
ATM Card
| Card issuance and service | Free |
| Additional card issuance and service | Free |
| Card replacement | Free |
| Cash withdrawal | Free6 |
| Cash withdrawal daily limit | AMD 1,000,000 |
| Transfer of funds between accounts held at the bank | Free |
| Transfer daily limit | AMD 3,000,000 |
Safe Deposit Lockers
Safe Deposit Lockers are available for rental on either a monthly or an annual basis.
| Fee (available for term of up to one year) | |
| • large | AMD 120,0007 |
| • medium | AMD 90,0007 |
| • small | AMD 36,0007 |
| Fee (available for term of up to one month) | |
| • large, medium | AMD 25,0007 |
| • small | AMD 10,0007 |
Express Banking
| Telephone Banking | |
| • Telephone banking sign up fee | Free |
| • Maintenance | Free |
| • Banking Services | As per Tariffs |
| Internet banking | |
| • Internet Banking one-off service charge | Free |
| • Maintenance | Free |
| • Online security device replacement | AMD 5,0007 |
| • Banking Services | As per Tariffs |
Other services
| Bank account statements | |
| • By courier within Armenia (monthly) | Free |
| • By courier outside Armenia (monthly) | AMD 25,0007* |
| • By e-mail/Internet (monthly, weekly, daily) | Free |
| • Collection from branches (monthly, weekly, daily) | Free |
| Issuance of power of attorney | Free |
| Advices confirming bank account information / balance8 | Free |
| For each copy of bank account statement / transaction advice (if earlier than 6 months) |
AMD 3,0007 |
| For transaction history advice / statement of each month (if earlier than 6 months) |
AMD 3,0007 |
| Brokerage fee for bank account opening overseas (upon Bank's discretion) | AMD 100,000 |
| Brokerage fee for bank account opening with HSBC Group Banks | AMD 25,000 |
| Brokerage fee for credit history transfer | AMD 25,000 |
Credit Card
| Issuance and service | Free |
| Additional card issuance and service | Free |
| Interest rate9 | 1.8% monthly |
| Grace (interest free) period | Up to 45 days10 |
| Encashment fee when using HSBC Bank Armenia ATMs | 1.5% (minimum AMD 500) |
| Encashment fee when using other ATMs | 2% (minimum AMD 1,000) |
| Emergency cash advance fee11 (up to USD 1,000) | AMD 50,000 |
| Card to card money transfer (via ArCa website www.arca.am) |
0.5% of transfer amount |
| Card reissuance fee | Free |
| Emergency card replacement11 | AMD 75,000 |
| Card account unblock fee | Free |
| Charge slip retrieval | AMD 8,0007 |
| Dispute of genuine transaction | AMD 15,000 |
| Card limit permanent and temporary review | Free |
| SMS service | Free |
| Statement Delivery | Free |
| Late Payment Fee | 10% of overdue amount |
| Overlimit Fee | 10% of overlimit amount |
| Priority pass to airport lounges12 | AMD 15,000 per visit |
| Other Conditions | |
| Credit limit and currency | Minimum AMD 1,000,000 Maximum AMD 5,000,000 |
| Cash withdrawal daily limit | 40% of credit limit or AMD 500,000, whichever is higher |
| Number of cash withdrawals per day | Maximum 3 |
| Maximum limit for each non-cash transaction | AMD 10,000,000 |
| Minimum payment Due | 10% of closing debit balance (minimum AMD 10,000) |
| Declined authorisation fee (applied by MasterCard) | AMD equivalent of USD 0,25 (for each case) |
| Fee for emergency activation or credited amount on card account | AMD 3,000 |
| Lost Card liability after the customer has informed the Bank13 | up to AMD 25,000 |
Notes:
- No interest is calculated against the credit balance of card account.
- Chip and PIN cards are valid for three years period, other credit/payment cards for two year. Cards ar subject to renewal upon bank's discretion.
- From time to time the bank may review the Card nominal rates in order to reflect market trends.
- The decision to issue a credit card is made and the card is delivered to the address specified by the customer, during 10 working days after the presentation of all necessary documents.
Benefits
- A business card to the world, can be used both locally and when abroad
- Free travel insurance for customers travelling abroad
- Priority Pass giving access to airport lounges12 in over 600 airports around the world
- Enjoy the instant and international recognition at over 25 mln locations, in 210 countries
- Get cash at more than 1 mln ATMs in 210 countries
- Emergency cash advance (upto USD 1,000) within 2-24 hours outside of Armenia
- Emergency card replacement within 48 hours outside of Armenia
- Flexible repayment - buy now and choose when and how to pay
- Get confirmation of Your Card transactions via SMS
- Enjoy a credit limit to suit Your needs
- Flexibility in choosing a statement and repayment date
- Pay Your utility bills from Your computer, or any ATM operating within ArCa system
- Enjoy up to 45 day interest free period
- Enjoy discounts at more than 200 merchants and service providers.
1 Escrow account is a one-time account service provided by the Bank for insuring secure settlements between the parties to real estate property sale and purchase transactions.
2 The bank is not liable for any refund, if payment has already been effected. Intermediary/beneficiary bank charges may be either to beneficiary or to remitter account, at customer's decision, with the prior consent of the bank.
3 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.
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 Cash withdrawal of cheque amount in foreign currency is subject to a charge of 0.4%.
6 A flat charge of AMD 2,000 will be levied for each cash withdrawal effected at non-HSBC Group Member bank ATMs.
7 Inclusive of VAT.
8 Balance confirmations will be presented as at the end of previous banking day.
9 Information regarding Annual Percentage Rate can be found here
10 Grace period applies in case card outstanding balance is fully repaid on or prior to the date specified on card monthly statement. Depending on the day of month when the transaction has been posted to card account, duration of the grace period may vary.
11 For emergency cash advance within 2-24 hours and emergency card replacement within 48 hours outside of Armenia, please call (+1 636 722 711 1) MasterCard support
12 Refer to Priority Pass Airport Lounge Directory for the list and detailed information on airports and lounges.
13 Refer to Section 7 of Card Products Terms and Conditions
* Any foreign exchange transactions will be conducted at the Bank’s exchange rate
