Tariff of charges

All terms and charges related to products and services offered by “HSBC Bank Armenia” CJSC are subject to amendments and modifications.

For complete, detailed, up to date information and upcoming changes on “HSBC Bank Armenia” CJSC products and services, please contact any of our offices/branches or visit our website at www.hsbc.am.

All types of charges are debited/paid in AMD.

As a rule, all charges are held from the account from which the transaction has been made. If the subject account is in foreign currency, the Bank reserves the right to conduct a foreign currency exchange transaction for the amount to be charged in AMD using Bank’s “buy” rate for the respective currency.

Service fees, which are charged by the Bank automatically and at specified intervals, are considered as an exception and the average exchange rate for the given date published by the Central bank of the RA for the respective currency is applied.

To express the interest commissions applied to foreign currency transactions in AMD, the average exchange rate published by the Central bank of the RA for that currency on a given date is used.

Escrow account is a one-time account service provided by the Bank for ensuring secure settlements between the parties to real estate property sale and purchase transactions.

Monthly service fee will be applied irrespective of the fact whether the customer uses the account or not.

Monthly service fee will not be applied if the current account acts as term deposit maturity or interest payment account.

Note

For the list of documents required for opening bank account please refer to our website at www.hsbc.am, visit any of our branches/offices or call us at +374 60 655 000.

Important note

No interest rate is calculated on the funds available on accounts.

¹ For details on account opening procedure and other account related information please refer to “Individual customer accounts” information bulletin.

² Savings account can be opened by Individual customers only.

³ Time deposit account can be opened, only if AMD savings/current account already exists.

⁴ Any foreign exchange transactions will be conducted at the Bank’s exchange rate.

You can open foreign currency accounts in HSBC Bank Armenia for which the terms and fees presented here apply. These accounts are designed to support your foreign currency needs, with easy access to your funds. You can convert your funds into any other currency at the exchange rate applicable for your account currency at the time of transaction.

Important note.

Any accounts denominated in a currency other than Armenian Dram (AMD) have additional risks associated with currency fluctuations. Movement in exchange rates may have effect on the value of your foreign currency deposit in AMD equivalent.

⁵ You can find out about the types of foreign currency accounts and other details on the website's Foreign Currency Account | Banking Services - HSBC AM.

Preferential rates (for all foreign currencies except for cases when funds were deposited in cash in currencies other than USD/EUR)

⁸ 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.

⁹ 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. Payment instructions submitted to the Bank via Online/Mobile before 15:00 will be processed same day free of charge.

¹⁰ Payment instructions submitted before 14:00 will be processed the latest on the next business day.

Payment instructions submitted after 14:00 will be processed on the next business day.

¹¹ Any foreign exchange transactions will be conducted at the Bank’s exchange rate.

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

• Commissions if intermediary/beneficiary bank charges are paid by the remitter, for the beneficiary to receive the amount without any additional charges¹² AMD 5 000.
• The bank is not liable for any refund if payment has already been effected to the beneficiary
• It is Bank's responsibility to provide receipt to customer for each provided service
• 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
• For transfers outside Armenia the requisites for respective currencies published at “HSBC Bank Armenia” CJSC website should be used.
  

¹² 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.

Important note

The Bank may terminate the agreement on processing of instructions submitted via Online/Mobile Banking service in case customer’s profile is not active (not logged in to the system) during the last 12 months.

Important note

The Bank may terminate the agreement on processing of instructions submitted via Telephone banking (Phone Banking) signed between the Bank and the customer in case if no transaction is done via Phone Banking during the last 12 months.

¹³ Online and Mobile Banking services are available for Individuals only.

¹⁴ Mobile Banking service is available to HSBC Bank Armenia Online Banking users only.

* Inclusive of VAT.