HSBC Savings Account

Get a saving account with no monthly fee1, and use it for your day to day banking, send and receive transfers, receive salary and make free encashment of your funds2.
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.

Benefits

With the HSBC Savings Account you will get:

  • Possibility to use the account free of charge if average monthly balance on the savings account for the month is AMD 100,000 or above

Things you should know

Tariffs and terms

  • Account opening fee: AMD 3,000
  • Additional account opening fee: AMD 3,0003

IRRESPECTIVE OF THE FACT WHETHER THE CUSTOMER  USES THE SAVING ACCOUNT OR NOT, A CHARGE AMD 2,000 WILL  BE APPLIED MONTHLY, IF  THE AVERAGE MONTHLY BALANCE OF SAVING ACCOUNT  FOR THE SUBJET MONTH IS BELOW AMD 100,000 (OR EQUIVALENT  IN OTHER CURRENCIES).

THIS CHARGE WILL NOT BE APPLIED IF THE ACCOUNT ACTS  AS TERM DEPOSIT MATURITY OR INTEREST PAYMENT ACCOUNT.

SAVINGS ACCOUNT CAN BE OPENED BY INDIVIDUAL CUSTOMER ONLY .

Free of charge international ATM Plus card is provided with your saving account. You can choose to have two accounts attached to one ATM card, and up to two additional ATM cards attached to your saving account.

ATM card is intended for performing cash transactions via ATMs. For non-cash transactions  and payments HSBC Bank Armenia  offers range of  credit and payment cards which are available at https://www.hsbc.am/en-am/credit-cards/.

List of documents necessary to open an account5

For RoA citizens and foreign citizens enjoying residency status and residing in the Republic of Armenia, persons with no citizenship and persons with a refugee status:

  • Account opening application signed by the individual
  • Passport / other personal identification document6, 7
  • Any of the below documents on public services number: ID card; Social security card; a reference from RA Police department on absence of public services number; a reference from RA Police department on allocation of public services number

 

For foreign citizens:

  • Account opening application signed by the individual
  • Passport / other personal identification document6, 7

Statements

YOU CAN GET YOUR MONTHLY ITEMISED STATEMENT DELIVERED TO YOUR POSTAL ADDRESS,  SENT VIA EMAIL OR COLLECTED FROM THE BRANCH OF YOUR CHOICE. REGARDLESS OF THE BRANCH WHERE YOUR CURRENT ACCOUNT IS OPENED,YOU CAN MAKE TRANSACTIONS IN ANY OF  OUR BRANCHES.

1A charge of AMD 2,000 will apply monthly if the average monthly balance of savings account for the subject month is below AMD 100,000 (or equivalent in other currencies).

2Only with Visa Plus ATM cards on HSBC Armenia ATMs.

3No charge will apply if the additional account is opened via internet banking.

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

5Additional documents may be requested by the Bank during account opening process.

6The original of the document is returned to the Customer and the copy thereof is kept with the Bank.

7Other identification documents in accordance with Government Decision No. 767 of 22/12/1999, with the exception of a certificate of return, only for the return to the RA and a provisional identity document or temporary certificate issued by the RA Police to the RA Government.

Apply online

HSBC customers can apply by clicking on the button below.

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Last updated on: 13/3/2019 12:27:57